Football League First Division 1937/38
| Pos | Club | Pld | W | D | L | F | A | GA | Pts | Notes |
| 1st | Arsenal | 42 | 21 | 10 | 11 | 77 | 44 | 1.750 | 52 | Champions |
| 2nd | Wolverhampton Wanderers | 42 | 20 | 11 | 11 | 72 | 49 | 1.469 | 51 | Runners Up |
| 3rd | Preston North End | 42 | 16 | 17 | 9 | 64 | 44 | 1.455 | 49 | - |
| 4th | Charlton Athletic | 42 | 16 | 14 | 12 | 65 | 51 | 1.275 | 46 | - |
| 5th | Middlesbrough | 42 | 19 | 8 | 15 | 72 | 65 | 1.108 | 46 | - |
| 6th | Brentford | 42 | 18 | 9 | 15 | 69 | 59 | 1.169 | 45 | - |
| 7th | Bolton Wanderers | 42 | 15 | 15 | 12 | 64 | 60 | 1.067 | 45 | - |
| 8th | Sunderland | 42 | 14 | 16 | 12 | 55 | 57 | 0.965 | 44 | - |
| 9th | Leeds United | 42 | 14 | 15 | 13 | 64 | 69 | 0.928 | 43 | - |
| 10th | Chelsea | 42 | 14 | 13 | 15 | 65 | 65 | 1.000 | 41 | - |
| 11th | Liverpool | 42 | 15 | 11 | 16 | 65 | 71 | 0.915 | 41 | - |
| 12th | Blackpool | 42 | 16 | 8 | 18 | 61 | 66 | 0.924 | 40 | - |
| 13th | Derby County | 42 | 15 | 10 | 17 | 66 | 87 | 0.759 | 40 | - |
| 14th | Everton | 42 | 16 | 7 | 19 | 79 | 75 | 1.053 | 39 | - |
| 15th | Huddersfield Town | 42 | 17 | 5 | 20 | 55 | 68 | 0.809 | 39 | - |
| 16th | Leicester City | 42 | 14 | 11 | 17 | 54 | 75 | 0.720 | 39 | - |
| 17th | Stoke City | 42 | 13 | 12 | 17 | 58 | 59 | 0.983 | 38 | - |
| 18th | Birmingham | 42 | 10 | 18 | 14 | 58 | 62 | 0.935 | 38 | - |
| 19th | Portsmouth | 42 | 13 | 12 | 17 | 62 | 68 | 0.912 | 38 | - |
| 20th | Grimsby Town | 42 | 13 | 12 | 17 | 51 | 68 | 0.750 | 38 | - |
| 21st | Manchester City | 42 | 14 | 8 | 20 | 80 | 77 | 1.039 | 36 | ▼Relegated |
| 22nd | West Bromwich Albion | 42 | 14 | 8 | 20 | 74 | 91 | 0.813 | 36 | ▼Relegated |
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End of Season Notes |
| ♦ Arsenal finished as Football League First Division Champions (5th Time) |
| ♦ Wolverhampton Wanderers finished as Football League First Division Runners Up |
| ▼Manchester City were Relegated to the Football League Second Division |
| ▼West Bromwich Albion were Relegated to the Football League Second Division |
| ▲Aston Villa were Promoted from the Football League Second Division |
| ▲Manchester United were Promoted from the Football League Second Division |
