ABSTRACT Indication of salt-tolerant cotton cultivars can make the agricultural exploitation with saline water irrigation feasible in the Brazilian semi-arid region. Thus, this study aimed to evaluate the gas exchanges and growth of cotton cultivars irrigated with saline water. The study was conducted in pots adapted as drainage lysimeters under greenhouse conditions, using a sandy loam Entisols as substrate. Treatments were distributed in completely randomized design, in 5 x 2 factorial arrangement, relative to five levels of irrigation water electrical conductivity - ECw (1.5, 3.0, 4.5, 6.0 and 7.5 dS m-1) and two cotton cultivars (BRS 368 RF and BRS Safira). Increase in irrigation water salinity inhibits the vegetative growth and gas exchanges of the cotton cultivars BRS Safira and BRS 368 RF. Leaf area and instantaneous carboxylation efficiency are the most affected variables. Physiological and growth performance of the cultivar BRS Safira in response to water salinity was higher than that of BRS 368 RF.