All five editions of the tournament held so far have been won by Serbia, which has won all ten games it played, by an average margin of 24.8 points. The 2017 edition of the tournament was the first one with three participating teams competing in a round-robin tournament, replacing previous format with four participating teams competing in a single-elimination tournament.
Belgrade Trophy was not held in 2018 since there was no major FIBA-organized international tournament scheduled for that year. In 2019, no tournament was held prior to the 2019 FIBA Basketball World Cup, and in 2020, 2020 Summer Olympics were postponed due to the COVID-19 pandemic, marking another year with no major international basketball competition. In 2021, like in 2016, instead of the Belgrade Trophy, one of the 2020 Olympic Qualifying Tournaments was held in Belgrade. After four consecutive years with no tournament held, and no official announcements regarding the tournament from the Basketball Federation of Serbia, the future of Belgrade Trophy remains uncertain.
