The 1932–33 season was the 38th season of competitive football by Southampton, and the club's 11th in the Second Division of the Football League. It was another disappointing campaign for the Saints, who finished mid-table and rarely competed for promotion to the First Division. After a slow start to the season, the club had established themselves in the top half of the table by October with a string of victories. By the end of the calendar year, Southampton had dropped as low as 14th in the Second Division table – the position in which they finished the previous season – after a period of poor form in December. Wins were hard to come by in the second half of the season, but a strong run of results in April meant that the side finished 12th with 18 wins, five draws and 19 losses, seven poi