The 1940–41 Cypriot Cup was the seventh edition of the Cypriot Cup. A total of 4 clubs entered the competition. It began on 6 April 1940 with the semifinals and concluded on 11 May 1940 with the final which was held at GSP Stadium. APOEL won their 2nd Cypriot Cup trophy after beating AEL 2–1 in the final.