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 $466,034.
There were seven first-time winners in 1987: Laura Davies, Rosie Jones, Yuko Moriguchi, Cindy Rarick, Deb Richard, Jody Rosenthal, and Colleen Walker.
The tournament results and award winners are listed below.
The following table shows all the official money events for the 1987 season.[1] "Date" is the ending date of the tournament. The numbers in parentheses after the winners' names are the number of wins they had on the tour up to and including that event. Majors are shown in bold.
| Date | Tournament | Location | Winner | Score | Purse ($) | 1st prize ($) |
| Feb 1 | Mazda Classic | Florida |  Kathy Postlewait (2) | 286 (-2) | 200,000 | 30,000 |
| Feb 8 | Sarasota Classic | Florida | Nancy Lopez (35) | 281 (-7) | 200,000 | 30,000 |
| Feb 21 | Tsumura Hawaiian Ladies Open | Hawaii | Cindy Rarick (1) | 207 (-9) | 300,000 | 45,000 |
| Mar 1 | Women's Kemper Open | Hawaii | Jane Geddes (3) | 276 (-12) | 300,000 | 45,000 |
| Mar 8 | GNA/Glendale Federal Classic | California | Jane Geddes (4) | 286 (-2) | 250,000 | 37,500 |
| Mar 22 | Circle K Tucson Open | Arizona | Betsy King (8) | 281 (-7) | 200,000 | 30,000 |
| Mar 29 | Standard Register Turquoise Classic | Arizona | Pat Bradley (22) | 286 (-2) | 300,000 | 45,000 |
| Apr 5 | Nabisco Dinah Shore | California | Betsy King (9) | 283 (-5) | 500,000 | 80,000 |
| Apr 12 | Kyocera Inamori Golf Classic | California |  Ayako Okamoto (8) | 275 (-13) | 200,000 | 30,000 |
| Apr 19 | Santa Barbara Open | California |  Jan Stephenson (14) | 215 (-1) | 300,000 | 45,000 |
| May 3 | S&H Golf Classic | Florida | Cindy Hill (2) | 271 (-17) | 225,000 | 33,750 |
| May 10 | United Virginia Bank Golf Classic | Virginia | Jody Rosenthal (1) | 209 (-7) | 250,000 | 37,500 |
| May 17 | Chrysler-Plymouth Classic | New Jersey | Ayako Okamoto (9) | 215 (-4) | 225,000 | 33,750 |
| May 24 | Mazda LPGA Championship | Ohio | Jane Geddes (5) | 275 (-13) | 350,000 | 52,500 |
| May 31 | LPGA Corning Classic | New York | Cindy Rarick (2) | 275 (-13) | 275,000 | 41,250 |
| Jun 7 | McDonald's Championship | Delaware | Betsy King (10) | 278 (-6) | 500,000 | 75,000 |
| Jun 14 | Mayflower Classic | Indiana | Colleen Walker (1) | 278 (-10) | 350,000 | 52,500 |
| Jun 21 | Lady Keystone Open | Pennsylvania | Ayako Okamoto (10) | 208 (-8) | 300,000 | 45,000 |
| Jun 28 | Rochester International | New York | Deb Richard (1) | 280 (-8) | 300,000 | 45,000 |
| Jul 5 | Jamie Farr Toledo Classic | Ohio | Jane Geddes (6) | 280 (-8) | 225,000 | 33,750 |
| Jul 12 | du Maurier Ltd. Classic | Canada | Jody Rosenthal (2) | 272 (-16) | 400,000 | 60,000 |
| Jul 19 | Boston Five Classic | Massachusetts | Jane Geddes (7) | 277 (-11) | 300,000 | 45,000 |
| Jul 26 | U.S. Women's Open | New Jersey |  Laura Davies (1*) | 285 (-3) | 325,000 | 55,000 |
| Aug 2 | Columbia Savings LPGA National Pro-Am | Colorado | Christa Johnson (4) | 277 (-11) | 250,000 | 37,500 |
| Aug 9 | Henredon Classic | North Carolina | Mary Beth Zimmerman (3) | 206 (-10) | 300,000 | 45,000 |
| Aug 16 | MasterCard International Pro-Am | New York | Val Skinner (3) | 212 (-4) | 225,000 | 33,750 |
| Aug 23 | Atlantic City LPGA Classic | New Jersey | Betsy King (11) | 207 (-6) | 225,000 | 33,750 |
| Aug 30 | Nestle World Championship | Georgia | Ayako Okamoto (11) | 282 (-6) | 250,000 | 81,500 |
| Sep 7 | Rail Charity Classic | Illinois | Rosie Jones (1) | 208 (-8) | 200,000 | 30,000 |
| Sep 13 | Cellular One-Ping Golf Championship | Oregon | Nancy Lopez (36) | 210 (-6) | 225,000 | 33,750 |
| Sep 20 | Safeco Classic | Washington | Jan Stephenson (15) | 277 (-11) | 225,000 | 33,750 |
| Sep 27 | Konica San Jose Classic | California | Jan Stephenson (16) | 205 (-11) | 300,000 | 45,000 |
| Nov 8 | Mazda Japan Classic | Japan | Yuko Moriguchi (1*) | 206 (-10) | 350,000 | 52,500 |
* - non-member at time of win
Jane Geddes
Ayako Okamoto
United States