| Club: | Benfica |
| Season: | 1906–07 |
| Chrtitle: | Presidents |
| Chairman: | Luís Carlos de Faria Leal José Rosa Rodrigues |
| Mgrtitle: | Coach |
| Manager: | Manuel Gourlade |
| League: | Campeonato de Lisboa |
| League Result: | 2nd |
| Leftarm1: | FF0000 |
| Body1: | FF0000 |
| Rightarm1: | FF0000 |
| Shorts1: | FFFFFF |
| Socks1: | FF0000 |
| Prevseason: | 1905–06 |
| Nextseason: | 1907–08 |
The 1906–07 season was Sport Lisboa e Benfica's third season in existence and the club's first competitive season, still under the name Sport Lisboa.
This season, Benfica finished second to Carcavelos SC in the Campeonato de Lisboa, the only official competition at the time, composed of four teams. Benfica's most memorable match of the season was the 2–1 win against Carcavelos, a team that was filled with English players and that was unbeaten since 1898.
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