The 1991–92 Hamburger SV season was the 45th season in the club's history and the 29th consecutive season playing in the Bundesliga. Hamburger SV finished twelfth in the league.
The club also participated in the DFB-Pokal and UEFA Cup, where it reached second round and third round respectively.
Source: www.dfb.de Rules for classification: 1) points; 2) goal difference; 3) number of goals scored. The league contracted back to 18 teams for the 1992–93 season.