| Yugoslav Football Cup | |
| Year: | 1954 |
| Other Titles: | 8th Marshal Tito Cup |
| Country: | Yugoslavia |
| Winners: | Partizan (3rd title) |
| Second: | Red Star |
| Prev Season: | 1953 |
| Next Season: | 1955 |
The 1954 Yugoslav Cup was the 8th season of the top football knockout competition in SFR Yugoslavia, the Yugoslav Cup (sh|Kup Jugoslavije), also known as the "Marshal Tito Cup" (Kup Maršala Tita), since its establishment in 1946.
In the following tables winning teams are marked in bold; teams from outside top level are marked in italic script.
| width=40 | Tie no | width=150 | Home team | width=80 | Score | width=150 | Away team |
|---|---|---|---|---|---|---|---|
| 1 | Dinamo Zagreb | 2–3 | Red Star | ||||
| 2 | Lovćen Cetinje | 0–4 | Spartak Subotica | ||||
| 3 | Mačva Šabac | 4–0 | Rijeka | ||||
| 4 | Rabotnički | 0–7 | Hajduk Split | ||||
| 5 | Radnički Niš | 1–1 (4–5 p) | Odred Ljubljana | ||||
| 6 | RNK Split | 0–0 (4–2 p) | Radnički Belgrade | ||||
| 7 | Velež | 3–2 | BSK Belgrade | ||||
| 8 | Vojvodina | 2–4 | Partizan |
| width=40 | Tie no | width=150 | Home team | width=80 | Score | width=150 | Away team |
|---|---|---|---|---|---|---|---|
| 1 | Odred Ljubljana | 1–5 | Hajduk Split | ||||
| 2 | Partizan | 7–2 | RNK Split | ||||
| 3 | Red Star | 9–0 | Velež | ||||
| 4 | Spartak Subotica | 5–0 | Mačva Šabac |
| width=40 | Tie no | width=150 | Home team | width=80 | Score | width=150 | Away team |
|---|---|---|---|---|---|---|---|
| 1 | Hajduk Split | 0–4 | Partizan | ||||
| 2 | Spartak Subotica | 0–1 | Red Star |