The West Midland Railway was an early British railway company. It was formed on 1 July 1860 by a merger of several older railway companies and amalgamated with the Great Western Railway on 1 August 1863. It was the successor to the Oxford, Worcester and Wolverhampton Railway (OWWR).
Its constituent companies were the Newport, Abergavenny and Hereford Railway (incorporated 1846 and opened 1854), Worcester and Hereford Railway (inc 1853 and opened 1859), the Coleford, Monmouth, Usk and Pontypool Railway and the Oxford, Worcester and Wolverhampton Railway (inc 1845 and opened 1850; which had absorbed the Stratford and Moreton Tramway (inc 1821 and opened 1826).
In 1862, it also leased the Leominster and Kington Railway (opened 1857) and the Severn Valley Railway (from opening).
The West Midland Railway was dissolved on 1 August 1863, with its powers and obligations being vested in the Great Western Railway. The West Midland Railway Company itself continued in existence until complete amalgamation was brought about by the Great Western Railway Act of 1872.