The 1987 LPGA Tour was the 38th season since the LPGA Tour officially began in 1950. The season ran from January 29 to November 8. The season consisted of 33 official money events. Jane Geddes won the most tournaments, five. Ayako Okamoto led the money list with earnings of $466,034.
The tournament results and award winners are listed below.
The following table shows all the official money events for the 1987 season. "Date" is the ending date of the tournament. The numbers in parentheses after the winners' names are the number of wins they had on the tour up to and including that event. Majors are shown in bold.
* - non-member at time of win
|Money winner||Ayako Okamoto||Japan|
|Scoring leader (Vare Trophy)||Betsy King||United States|
|Player of the Year||Ayako Okamoto||Japan|
|Rookie of the Year||Tammie Green||United States|