During the first four years of the league's existence, the Houston Comets reigned. With each Comets championship, Cynthia Cooper was named Finals MVP. As the team's leading scorer, Cooper, along with Tina Thompson and Sheryl Swoopes, led Houston to four consecutive WNBA championships.
From 2003 to the present, Diana Taurasi and Sylvia Fowles are the only players to win multiple Finals MVP awards. While some teams have won multiple championship since the dynasty years of the Comets and the Sparks, the match-up usually resulted in different MVPs. An example of this is the Detroit Shock. Despite winning three titles within a six-year span, three different players – Ruth Riley, Deanna Nolan, and Katie Smith – each won the award.
|Denotes player who is still active in the WNBA|
|Inducted into the Naismith Memorial Basketball Hall of Fame|
|Inducted into the Women's Basketball Hall of Fame|
|Player (X)||Denotes the number of times the player has won|
|Team (X)||Denotes the number of times a player from this team has won|
- "WNBA history". WNBA.com. WNBA. Retrieved 2009-01-18.