The 1935 SMU Mustangs football team represented the SMU Mustangs of Southern Methodist University during the 1935 college football season. The Mustangs posted a 12–1 record. Four of the 13 selectors recognized as official by the NCAA (Berryman, Dickinson, Houlgate, and Sagarin) recognize the 1935 SMU team as the national champion.
The Mustangs won 12 games and lost 1 in the 1935 season. 