The club was established in 1925 as a team of the Petrovsky factory. It was renamed "Petrovets" the next year. The team entered the first Soviet competition under the name of Stal (Russian for steel) in 1936 in one of the lower divisions. In 1947, Stal merged with another club from Dnipropetrovsk, Dynamo Dnipropetrovsk. From 1949 until 1961, the team was called Metalurg (from English metal worker). In 1954, Metalurg Dnipropetrovsk reached the semi-finals of the USSR Cup, where it lost to Spartak Yerevan.
In 1961, the team was handed over to its new sponsor, the Yugmash (the Southern machine-producing factory), which at that time was one of the most powerful factories in the entire
1971 - Dnipro is 1st League Champion and promoted to USSR Top League
In 1973 and 1976 Dnepr reached the semi-finals of the USSR Cup competition once again. In 1978 the team was relegated to the lower league for two years. Their next entrance was not as inviting as their first one and the team enjoyed the company of other weak teams in the league. Therefore the governing body of the team hired new promising coaches - Vladimir Yemets and Gennadiy Zhizdik. After those changes, Dnepr became a strong contender for the Soviet championship winning it twice: once with Yemets and Zhizdik in 1983, and another one with Evgeny Kucherevsky in 1988. During those years, the team featured many notable players such as Oleg Protasov, Gennadiy Litovchenko, Cherednik, and Taran.
Following the collapse of the Soviet Union, Dnepr (the Russian version) took on the Ukrainian translation, Dnipro, the name of the biggest river in
FC Dnipro is currently controlled by the Privat Group.
UEFA Intertoto Cup Finalist: 1
Ukrainian Championship Silver Medalist: 1
Ukrainian Cup Finalist: 3
1995, 1997, 2004