The 1992–93 Football League season was Birmingham City Football Club's 90th in the Football League. They competed in the second tier of English football, renamed Division One following the Premier League's split from the Football League. They were promoted to Division One in 1991–92, and finished in 19th position in the 24-team division, avoiding relegation back to the third tier on the final day of the season. They lost in their opening first-round matches in both the 1992–93 FA Cup and the League Cup, and were eliminated at the group stage of the Anglo-Italian Cup.

The club's top league scorers were Paul Peschisolido and Andy Saville with seven goals. If goals in all competitions are counted, the top scorer was John Frain with eight.

Off the field, the collapse of the Bank of Credit and Commerce International (BCCI) put the club owners' business into receivership; in November 1992 BCCI's liquidator put up for sale their 84% holding in the football club. The club continued in administration for four months, until Sport Newspapers proprietor David Sullivan bought it for £700,000. He installed the 23-year-old Karren Brady as managing director and Jack Wiseman remained as chairman. Manager Terry Cooper was given money for signings, and on the last day of the season, the team avoided relegation back to the third tier.

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