The First Women's World Chess Championship took place during the 1st Chess Olympiad 1927 in London. It was organized by FIDE and was played as a full round-robin tournament. Vera Menchik won the championship, conceding only half a point in her 11 games. The final results were as follows:
| Player | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | Points | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vera Menchik (Soviet Union) | - | 1 | 1 | 1 | ½ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 10½ |
| 2 | Katarina Beskow (Sweden) | 0 | - | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 |
| 3 | Paula Wolf-Kalmar (Austria) | 0 | 1 | - | 1 | 1 | 1 | 0 | ½ | 0 | 1 | ½ | 1 | 7 |
| 4 | Edith Holloway (England) | 0 | 0 | 0 | - | ½ | 1 | ½ | 1 | ½ | 1 | 1 | ½ | 6 |
| 5 | Edith Michell (England) | ½ | 0 | 0 | ½ | - | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 6 |
| 6 | Edith Charlotte Price (England) | 0 | 0 | 0 | 0 | 1 | - | 1 | 1 | 1 | 0 | ½ | 1 | 5½ |
| 7 | Gisela Harum (Austria) | 0 | 0 | 1 | ½ | 0 | 0 | - | 0 | 1 | 0 | 1 | 1 | 4½ |
| 8 | Florence Hutchison-Stirling (Scotland) | 0 | 0 | ½ | 0 | 1 | 0 | 1 | - | 0 | 1 | 0 | ½ | 4 |
| 9 | Marie Jeanne Frigard (France) | 0 | 0 | 1 | ½ | 0 | 0 | 0 | 1 | - | 0 | 1 | 0 | 3½ |
| 10 | Agnes Stevenson (England) | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | - | ½ | 0 | 3½ |
| 11 | S. Synnevaag (Norway) | 0 | 0 | ½ | 0 | 0 | ½ | 0 | 1 | 0 | ½ | - | 1 | 3½ |
| 12 | Martha Daunke (Germany) | 0 | 0 | 0 | ½ | 0 | 0 | 0 | ½ | 1 | 1 | 0 | - | 3 |