The team is based in Kópavogur, a large town situated a short distance south of the capital of Reykjavík.

Breiðablik is the first Icelandic football club to play in the group stage of a major UEFA-organized European competition, more specifically in the 2023–24 season of UEFA Europa Conference League.

From 1971 to 2005, Breiðablik would bounce between the two top leagues in Iceland (Úrvalsdeild and second-tier 1. deild karla), being promoted and relegated on a regular basis.

Since being promoted into the 2006 Úrvalsdeild, Breiðablik men's team has established itself as a powerhouse in Iceland, challenging regularly on all fronts.

Breiðablik won its first match in a European competition in the first qualifying round of the 2013–14 UEFA Europa League, with a 4–0 win in the first leg against Andorran Copa Constitució winner FC Santa Coloma, en route to their first aggregate win (4–0) of a round in a European competition.