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Panathinaikos AC Women's Volleyball Team is a Greek volleyball team, part of the major Athens-based multi-sport club Panathinaikos A.O. The department was founded in 1969 and is the most successful women's volleyball team in Greece, in terms of Greek Championships won. They have won a record 25 Championships, 6 Cups, with 5 Doubles, while they hold the record for finishing undefeated the Championship 8 times (1971-1973, 1978, 1991, 1992, 1993, 2007). They hold also the record of 68 straight wins in the league including the play-offs.
They have also reached four times a European final four and two times a European final (2000 and 2009). The team currently plays in Maroussi Saint Thomas Indoor Hall.
In 2017, the club was relegated due to serious financial problems. They stayed inactive in the 2017–18 season.
Apart from the Greek players, who have traditionally been the backbone of Greece's national team, some of the greatest players in European volleyball that have played for the team over the years include Ruxandra Dumitrescu, Brižitka Molnar, Tammy Mahon, Jelena Lozancic, Olga Tocko, María Fernández, Sanja Tomasević and others.
The club has retired the jersey number 9 in honour of the team's legendary captain Ruxandra Dumitrescu.
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