The 40th Guards Rifle Division was one of a series of ten Guards rifle divisions of the Red Army formed from airborne troops in the spring and summer of 1942 in preparation for, or in response to, the German summer offensive. It fought in the Stalingrad area during that battle, eventually in the operations that encircled German 6th Army, and then continued to serve in the several campaigns in the south sector of the front, helping to liberate Ukraine and the Balkans, and ending the war at Vienna.

The 4th Guards Rifle Division was reformed as an elite infantry division on September 18, 1941, from the 1st formation of the 161st Rifle Division as one of the original Guards formations of the Red Army, in recognition of that division's participation in the successful counter-offensive that drove German forces out of their positions at Yelnya. The division then moved northwards to serve in the defense of Leningrad, as well as the early attempts to break that city's siege, but later was redeployed to the southern sector of the front as the crisis around Stalingrad developed. The 4th Guards took part in Operation Uranus which surrounded the German 6th Army in and around that city and then in the pursuit operations that drove the remaining German forces from the Caucasus steppes and the city of Rostov. The division remained in this sector for the duration of the war, fighting through the south of Ukraine through the summer of 1943 and winning the Order of the Red Banner in the process; it was further distinguished with the award of a battle honor in February, 1944. During April and May its advance was halted during the battles along the Dniestr River, but resumed in the August offensive that carried it and its 31st Guards Rifle Corps into the Balkans. It served extensively in the fighting through Hungary and in the outer encirclement during the siege of Budapest in the winter of 1944/45 and in mid-April was awarded a second battle honor for its part in the capture of Vienna. Despite this distinguished service the division was disbanded in 1946.