1986 Southwest Conference women's basketball tournament

The 1986 Southwest Conference women's basketball tournament was held March 5–8, 1986, at Moody Coliseum in Dallas, Texas.

Number 1 seed Texas defeated 2 seed 77–53 to win their fouth championship and receive the conference's automatic bid to the 1986 NCAA tournament.

Texas Tech and Arkansas received at-large bids to the NCAA tournament.

Format and seeding
The tournament consisted of a 6 team single-elimination tournament. The top two seeds had a bye to the Semifinals.