The Aphrodite Women Cup uses the following two-phase format:
The first phase is a group stage in which the twelve invited teams are divided into three groups of four teams. Similar to the Algarve Cup, the teams in Group A and Group B consist of higher-ranked teams and are the only teams actually in contention for the championship; Group C consists of lower-ranked teams. Each group plays a round-robin of six games, with each team playing one match against each of the other teams in the same group.
The second phase is a single "finals day" in which six games involving all twelve teams are played to determine the tournament's final standings, with the match-ups as follows: