It took place in Lynn Family Stadium of Louisville, Kentucky, United States, from August 18 to 21, 2021.

[1][2] Hosts Racing Louisville FC won the tournament, defeating Bayern Munich on penalties.

[3] Paris Saint-Germain defeated Chicago Red Stars 1–0 in the third-place match.

[5] The initial match of the tournament, a semi-final match featuring the Chicago Red Stars and Racing Louisville FC, was also teams' scheduled regular season National Women's Soccer League match, and the regulation result was represented in the league standings.

[6] That match's result was a draw, so to resolve the result for The Women's Cup, the teams engaged in a post-match penalty shootout that was not counted as part of the NWSL match.