The club competes in football, handball, athletics, and fencing.

It was founded in 1929 as a gymnastics club but soon started a handball department which became its flagship for several decades.

[1] Its men's football team has been a dominant power since the early 2000s.

FH's women's football team won the first edition of the national championship in 1972.

[2] The club was promoted from the second-tier 1. deild in 2015, and finished sixth in the 2016 Úrvalsdeild.