Leopold II (1050 – October 12, 1095) was a Babenberg Margrave of Austria ruling from 1075 onwards. He was the son of Ernest the Brave and father of Leopold III.

In the Investiture Dispute, he first sided with Emperor Henry IV, but in 1081 at the Diet of Tulln switched sides under the influence of his wife Itha and Bishop Altmann of Passau. Subsequently, he was deposed by the Emperor, who gave the fief to Vratislav II of Bohemia, who defeated Leopold in the Battle of Mailberg. Ultimately, Leopold managed to retain his position, but he lost some territory in Southern Moravia. Leopold resided in Gars am Kamp.