Football League Second Division 1947/48
| Pos | Club | Pld | W | D | L | F | A | GA | Pts | Notes |
| 1st | Birmingham City | 42 | 22 | 15 | 5 | 55 | 24 | 2.292 | 59 | ▲Champions |
| 2nd | Newcastle United | 42 | 24 | 8 | 10 | 72 | 41 | 1.756 | 56 | ▲Runners Up |
| 3rd | Southampton | 42 | 21 | 10 | 11 | 71 | 53 | 1.340 | 52 | - |
| 4th | Sheffield Wednesday | 42 | 20 | 11 | 11 | 66 | 53 | 1.245 | 51 | - |
| 5th | Cardiff City | 42 | 18 | 11 | 13 | 61 | 58 | 1.052 | 47 | - |
| 6th | West Ham United | 42 | 16 | 14 | 12 | 55 | 53 | 1.038 | 46 | - |
| 7th | West Bromwich Albion | 42 | 18 | 9 | 15 | 63 | 58 | 1.086 | 45 | - |
| 8th | Tottenham Hotspur | 42 | 15 | 14 | 13 | 56 | 43 | 1.302 | 44 | - |
| 9th | Leicester City | 42 | 16 | 11 | 15 | 60 | 57 | 1.053 | 43 | - |
| 10th | Coventry City | 42 | 14 | 13 | 15 | 59 | 52 | 1.135 | 41 | - |
| 11th | Fulham | 42 | 15 | 10 | 17 | 47 | 46 | 1.022 | 40 | - |
| 12th | Barnsley | 42 | 15 | 10 | 17 | 62 | 64 | 0.969 | 40 | - |
| 13th | Luton Town | 42 | 14 | 12 | 16 | 56 | 59 | 0.949 | 40 | - |
| 14th | Bradford Park Avenue | 42 | 16 | 8 | 18 | 68 | 72 | 0.944 | 40 | - |
| 15th | Brentford | 42 | 13 | 14 | 15 | 44 | 61 | 0.721 | 40 | - |
| 16th | Chesterfield | 42 | 16 | 7 | 19 | 54 | 55 | 0.982 | 39 | - |
| 17th | Plymouth Argyle | 42 | 9 | 20 | 13 | 40 | 58 | 0.690 | 38 | - |
| 18th | Leeds United | 42 | 14 | 8 | 20 | 62 | 72 | 0.861 | 36 | - |
| 19th | Nottingham Forest | 42 | 12 | 11 | 19 | 54 | 60 | 0.900 | 36 | - |
| 20th | Bury | 42 | 9 | 16 | 17 | 58 | 68 | 0.853 | 34 | - |
| 21st | Doncaster Rovers | 42 | 9 | 11 | 22 | 40 | 66 | 0.606 | 29 | ▼Relegated |
| 22nd | Millwall | 42 | 9 | 11 | 22 | 44 | 74 | 0.595 | 29 | ▼Relegated |
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End of Season Notes |
| ▼Blackburn Rovers were Relegated from the Football League First Division |
| ▼Grimsby Town were Relegated from the Football League First Division |
| ▲Birmingham City were Promoted to the Football League First Division |
| ▲Newcastle United were Promoted to the Football League First Division |
| ▼Doncaster Rovers were Relegated to the Football League Third Division North |
| ▼Millwall were Relegated to the Football League Third Division South |
| ▲Lincoln City were Promoted from the Football League Third Division North |
| ▲Queens Park Rangers were Promoted from the Football League Third Division South |