The 1991–92 AHL season was the 56th season of the American Hockey League. The league realigns from divisions into three divisions, creating the new Atlantic division. Fifteen teams played 80 games each in the schedule. The Fredericton Canadiens finished first overall in the regular season. The Adirondack Red Wings won their fourth Calder Cup championship.

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

For the Semifinal round, the team (St. John's Maple Leafs) that earned the most points (90) during the regular season out of the three remaining teams receives a bye directly to the Calder Cup Final.

Trophy and award winners

Team awards

Individual awards

Other awards