The 2003–04 season was the 8th edition of Europe's premier basketball tournament for women - EuroLeague Women since it was rebranded to its current format
Regular season
Group A
| Team | Pld | W | L | PF | PA | Diff | Pts | |
|---|---|---|---|---|---|---|---|---|
| 1. |  UMMC Ekaterinburg |
14 | 11 | 3 | 1062 | 868 | 25 | |
| 2. |  CJM Bourges Basket |
14 | 11 | 3 | 984 | 871 | 25 | |
| 3. | Pays d'Aix Basket 13 |
14 | 9 | 5 | 1029 | 900 | 23 | |
| 4. |  Euroleasing-Orsi Sopron |
14 | 9 | 5 | 1046 | 930 | 23 | |
| 5. |  Universitat FC Barcelona |
14 | 9 | 5 | 1029 | 900 | 23 | |
| 6. |  CariChieti C.U.S. Chieti |
14 | 3 | 11 | 898 | 1118 | 16 | |
| 7. |  UŠK Blex Prague |
14 | 3 | 11 | 811 | 1018 | 16 | |
| 8. |  MBK Ružomberok |
14 | 1 | 13 | 908 | 1167 | 15 |
Group B
| Team | Pld | W | L | PF | PA | Diff | Pts | |
|---|---|---|---|---|---|---|---|---|
| 1. | US Valenciennes Olympic |
14 | 9 | 5 | 1098 | 975 | 23 | |
| 2. |  Lotos VBW Clima Gdynia |
14 | 9 | 5 | 1069 | 1019 | 23 | |
| 3. | MiZo Pécsi VSK |
14 | 9 | 5 | 982 | 945 | 23 | |
| 4. | Gambrinus Brno |
14 | 8 | 6 | 976 | 918 | 22 | |
| 5. | Ros Casares Valencia |
14 | 7 | 7 | 933 | 923 | 21 | |
| 6. | VBM-SGAU Samara |
14 | 6 | 8 | 933 | 977 | 20 | |
| 7. |  Lietuvos Telekomas |
14 | 5 | 9 | 948 | 972 | 19 | |
| 8. | Lavezzini Parma |
14 | 3 | 11 | 923 | 1133 | 17 |
Knockout stage
Quarterfinals
Game 1 was played 2 March 2004. Game 2 was played 5 March 2004. Game 3 was played 10 March 2004. The team that won two games first, advanced to the Final four.
| Team #1 | Agg. | Team #2 | 1st leg | 2nd leg | 3rd leg |
|---|---|---|---|---|---|
| UMMC Ekaterinburg | 0 – 2 | Gambrinus Brno | 0 – 20 | 0 – 20 | |
| CJM Bourges Basket | 0 – 2 | MiZo Pécsi VSK | 58 – 62 | 84 – 85 | |
| US Valenciennes Olympic | 2 – 1 | Euroleasing-Orsi Sopron | 80 – 68 | 65 – 69 | 62 – 59 |
| Lotos VBW Clima Gdynia | 2 – 1 | Pays d'Aix Basket 13 | 79 – 49 | 64 – 66 | 80 – 65 |
Final four
The venue was on 4–6 April 2004. Pécs hosted the event at the Lauber Dezső Sportcsarnok.
| Semi-finals | Final | |||||
| 4 April | ||||||
| MiZo Pécsi VSK | 53 | |||||
| 6 April | ||||||
| US Valenciennes | 75 | |||||
| Lotos VBW Clima Gdynia | 69 | |||||
| 4 April | ||||||
| US Valenciennes | 93 | |||||
| Gambrinus Brno | 52 | |||||
| Lotos VBW Clima Gdynia | 57 | |||||
| Third place | ||||||
| 6 April | ||||||
| MiZo Pécsi VSK | 69 | |||||
| Gambrinus Brno | 65 | |||||
| Euroleague Women 2004 Champions |
|---|
 US Valenciennes Olympic Second title |