The women's 500 metre time trial in cycling at the 2004 Summer Olympics was a time trial race in which each of the twelve cyclists attempted to set the fastest time for two laps (500 metres) of the track.

In a field of personal bests, 20-year-old World Champion for the 500 m time trial, Anna Meares from Australia, set a new world record to claim the gold medal in 33.952 seconds. The previous world record was held by Yonghua Jiang of China, who minutes previously had set a new Olympic record in this event to claim the silver medal with a time of 34.112 seconds. Natallia Tsylinskaya from Belarus was awarded the bronze medal.

Medalists

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|align=center bgcolor=gold| 16px|Gold Gold

|align=center bgcolor=silver| 16px|Silver Silver

|align=center bgcolor=cc9966| 16px|Bronze Bronze

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Records

Anna Meares's time of 33.952 seconds in the event set a new world record, beatingJiang Yonghua's world record and Félicia Ballanger's Olympic record.

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| !align="left" bgcolor = "ddeeff" | World Record ||Jiang Yonghua (CHN) || Kunming, China P.R. || 34.000 s || 11 August 2002

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| !align="left" bgcolor = "eeffdd" | Olympic Record || Félicia Ballanger (FRA) || Sydney, Australia || 34.140 s || 16 September 2000

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Results

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|+Final results