During the 1940–41 season Hearts competed in the Southern League, the Summer Cup, the Southern League Cup and the East of Scotland Shield.
| 1940–41 season | |
|---|---|
| Manager |  Frank Moss |
| Stadium | Tynecastle Park |
| Southern League | 9th |
| Summer Cup | Semi-finalists |
| Southern League Cup | Finalists |
| Top goalscorer | League:  All: |
Fixtures
editWilson Cup
edit| 14 August 1940 Final | Hearts | 3–2 | Hibernian | Tynecastle Park |
 |
Rosebery Charity Cup
edit| 31 May 1941 Final | Hibernian | 0–2 | Hearts | Easter Road |
| |
Southern League Cup
edit| 1 March 1941 Southern League Cup Group | Hearts | 3–0 | Queen's Park | Tynecastle Park |
| 8 March 1941 Southern League Cup Group | Hibernian | 3–2 | Hearts | Easter Road |
| 15 March 1941 Southern League Cup Group | Hearts | 3–1 | Clyde | Tynecastle Park |
| 22 March 1941 Southern League Cup Group | Queen's Park | 0–1 | Hearts | Hampden Park |
| 29 March 1941 Southern League Cup Group | Hearts | 5–2 | Hibernian | Tynecastle Park |
| 5 April 1941 Southern League Cup Group | Rangers | 1–0 | Clyde | Shawfield Stadium |
| 19 April 1941 Southern League Cup Semi-Final | Hearts | 2–0 | Celtic | Tynecastle Park |
| Attendance: 25,000 |
| 10 May 1941 Southern League Cup Final 1st Leg | Hearts | 1–1 | Rangers | Hampden Park |
| Attendance: 69,000 |
| 17 May 1941 Southern League Cup Final 2nd Leg | Rangers | 4–2 | Hearts | Hampden Park |
| Attendance: 90,428 |
Summer Cup
edit| 7 June 1941 Summer Cup R1 1st Leg | Hearts | 8–1 | Queen's Park | Tynecastle Park |
| 14 June 1941 Summer Cup R1 2nd Leg | Queen's Park | 3–1 | Hearts | Hampden Park |
| 21 June 1941 Summer Cup R2 1st Leg | Hearts | 3–2 | St Mirren | Tynecastle Park |
| 28 June 1941 Summer Cup R2 2nd Leg | St Mirren | 1–5 | Hearts | St Mirren Park, Love Street |
| 5 July 1941 Summer Cup Semi-Final | Rangers | 4–2 | Hearts | Hampden Park |
Southern League
edit| 10 August 1940 Southern League | Motherwell | 3–0 | Hearts | Fir Park |
| 17 August 1940 Southern League | Hearts | 2–3 | Falkirk | Tynecastle Park |
| Attendance: 12,000 |
| 24 August 1940 Southern League | Celtic | 2–1 | Hearts | Celtic Park |
| Attendance: 15,000 |
| 31 August 1940 Southern League | Hearts | 0–2 | Airdrieonians | Tynecastle Park |
| 7 September 1940 Southern League | Hibernian | 2–1 | Hearts | Easter Road |
| 14 September 1940 Southern League | Hearts | 4–2 | Third Lanark | Tynecastle Park |
| Attendance: 6,000 |
| 21 September 1940 Southern League | Partick Thistle | 4–2 | Hearts | Firhill Park |
| 28 September 1940 Southern League | Hearts | 5–1 | St Mirren | Tynecastle Park |
| 5 October 1940 Southern League | Queen's Park | 3–1 | Hearts | Hampden Park |
| Attendance: 4,000 |
| 12 October 1940 Southern League | Hearts | 1–1 | Rangers | Tynecastle Park |
| 19 October 1940 Southern League | Clyde | 10–3 | Hearts | Tynecastle Park |
| Attendance: 4,000 |
| 26 October 1940 Southern League | Hearts | 3–3 | Morton | Tynecastle Park |
| 2 November 1940 Southern League | Hamilton Academical | 1–2 | Hearts | Douglas Park |
| 9 November 1940 Southern League | Dumbarton | 1–4 | Hearts | Boghead Park |
| 16 November 1940 Southern League | Hearts | 3–1 | Albion Rovers | Tynecastle Park |
| 23 November 1940 Southern League | Hearts | 1–1 | Motherwell | Tynecastle Park |
| 30 November 1940 Southern League | Falkirk | 3–3 | Hearts | Brockville Park |
| 7 December 1940 Southern League | Hearts | 2–1 | Celtic | Tynecastle Park |
| 14 December 1940 Southern League | Airdrieonians | 3–1 | Hearts | Broomfield Park |
| 21 December 1940 Southern League | Hearts | 2–1 | Partick Thistle | Tynecastle Park |
| 28 December 1940 Southern League | Third Lanark | 2–0 | Hearts | Cathkin Park |
| 4 January 1941 Southern League | St Mirren | 0–1 | Hearts | St Mirren Park, Love Street |
| 18 January 1941 Southern League | Rangers | 3–0 | Hearts | Ibrox Park |
| 25 January 1941 Southern League | Hearts | 3–5 | Clyde | Tynecastle Park |
| 1 February 1941 Southern League | Morton | 1–1 | Hearts | Cappielow Park |
| 8 February 1941 Southern League | Hearts | 5–2 | Hamilton Academical | Tynecastle Park |
| 15 February 1941 Southern League | Hearts | 3–1 | Dumbarton | Tynecastle Park |
| Attendance: 3,000 |
| 12 April 1941 Southern League | Albion Rovers | 0–3 | Hearts | Cliftonhill |
| 28 April 1941 Southern League | Hearts | 6–2 | Hibernian | Tynecastle Park |
| Attendance: 3,004 |
| 3 May 1941 Southern League | Hearts | 1–0 | Queen's Park | Tynecastle Park |