The 1947–48 AHL season was the 12th season of the American Hockey League. Eleven teams played 68 games each in the schedule. The Cleveland Barons won their sixth F. G. "Teddy" Oke Trophy as West Division champions, and won their fourth Calder Cup as league champions. It was the first season, the AHL awarded individual trophies for players. The awards would be, the Les Cunningham Award for the league's "most valuable player," the Wally Kilrea Trophy for the league's "top point scorer," the Dudley "Red" Garrett Memorial Award" for the league's rookie of the year," and the Harry "Hap" Holmes Memorial Award for the goaltender with the "lowest Goals against average" in the league.

Team changes

Final standings

Note: GP = Games played; W = Wins; L = Losses; T = Ties; GF = Goals for; GA = Goals against; Pts = Points;

Scoring leaders

Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty minutes

Calder Cup playoffs

Trophy and Award winners