A literary magazine is a periodical devoted to literature in a broad sense. Literary magazines usually publish short stories, poetry, and essays, along with literary criticism, book reviews, biographical profiles of authors, interviews and letters. Literary magazines are often called literary journals, or little magazines, terms intended to contrast them with larger, commercial magazines.

In the United States, a little magazine is a magazine genre consisting of "artistic work which for reasons of commercial expediency is not acceptable to the money-minded periodicals or presses", according to a 1942 study by Frederick J. Hoffman, a professor of English. While George Plimpton disagreed with the diminutive connotations of "little", the name "little magazine" is widely accepted for such magazines. A little magazine is not necessarily a literary magazine, because while the majority of such magazines are literary in nature, containing poetry and fiction, a significant proportion of such magazines are not. Some have encompassed the full range of the arts, and others have grown from zine roots.