The women's canoe sprint K-2 500 metres competition at the 2012 Olympic Games in London took place between 7 and 9 August at Eton Dorney.

[1] Franziska Weber and Tina Dietze, representing Germany, won the gold medal.

Hungary's Katalin Kovács and Natasa Dusev-Janics took silver and the bronze medal was won by Karolina Naja and Beata Mikołajczyk from Poland.

The top five boats from each heat, and the fastest loser, advanced to the semi-finals.

The top four boats in each semi-final advanced to the "A" final, and competed for medals.