The 1938 Memphis Red Sox baseball team represented the Memphis Red Sox in the Negro American League (NAL) during the 1938 baseball season. The team compiled a 40–35–1 () record and won the NAL pennant.
The team's leading batters were: Right fielder Nat Rogers - .353 batting average, .520 slugging percentage, two home runs, 19 RBIs in 27 games Center fielder Lloyd Davenport - .322 batting average, .417 slugging percentage, in 31 games Shortstop Neil Robinson - .316 batting average, .453 slugging percentage in 34 games
The team's leading pitcher was Lefty Wilson (4–2, 3.06 ERA).
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