The 1991–92 AHL season was the 56th season of the American Hockey League. The league realigns from divisions into three divisions, creating the new Atlantic division. Fifteen teams played 80 games each in the schedule. The Fredericton Canadiens finished first overall in the regular season. The Adirondack Red Wings won their fourth Calder Cup championship.

• The Newmarket Saints move to St. John's, Newfoundland, becoming the St. John's Maple Leafs, playing in the Atlantic Division.
• The Fredericton Canadiens, Cape Breton Oilers, Moncton Hawks and Halifax Citadels all shift from the North Division to the Atlantic Division.
• The Adirondack Red Wings and Capital District Islanders shift from the South Division to the North.

Oilers

Canadiens

Citadels

Hawks

Maple Leafs

Red Wings

Islanders

Mariners

Nighthawks

Indians

Skipjacks

Rangers

Bears

Americans

Devils

Atlantic Division North Division South Division

Note: GP = Games played; W = Wins; L = Losses; T = Ties; GF = Goals for; GA = Goals against; Pts = Points;

Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalty minutes

• complete list

For the Semifinal round, the team (St. John's Maple Leafs) that earned the most points (90) during the regular season out of the three remaining teams receives a bye directly to the Calder Cup Final.

• List of AHL seasons

• AHL official site
• AHL Hall of Fame
• HockeyDB