|Date||10 August 1932 — 8:00|
|Location||Los Angeles Memorial Coliseum, Los Angeles, California|
|Participants||10 from 4 countries|
|Format||Separate competition unrelated to all-around, with specialists allowed to compete on the apparatus. Score based on two compulsory and two optional vaults on apparatus.|
The horse vault had 10 gymnasts from four nations taking part, with each gymnast performing a compulsory and voluntary exercise. The event was held separately from the all-around. American Al Jochim led in the compulsory phase with 26.6, but was beaten out for the gold medal by Italian Savino Guglielmetti, who had the highest voluntary score. Third place was a tie between American Ed Carmichael, a specialist on the horse vault who had not competed in the all-around, and Finn Einari Teräsvirta, with Carmichael winning the bronze medal in a jump-off, 54.5 to 52.7, defeating Teräsvirta in both compulsory and voluntary vaults.