In 1971 Olympic won the Brisbane Division 3A premiership and were promoted to Brisbane Division 2C (the 4th level of Brisbane football) for the 1972 season. In 1972 Olympic won the Brisbane Division 2C premiership and in 1973 played in the Amateur 2 Division (the 4th level of Brisbane football). In 1974 Olympic fielded teams in the Brisbane Third Division and Fifth Division competitions. Olympic has won NPL Queensland competition on one occasion. In the competition's inaugural 2013 season, Olympic secured a league premiership with two rounds remaining, defeating
Moreton Bay United 3–1. Olympic FC then secured a victory over
Brisbane City 3–3 (3–0) on penalties in the NPL Queensland Grand Final at Goodwin Park. Since 2013, Olympic FC has continued to perform well in the competition, securing multiple top table finishes. The club made five NPL Queensland Grand Finals in a row, unfortunately losing all of them. In 2018 Olympic lost 2–1 to
Lions FC at
Lions Stadium. In 2019, they lost 2-1 to
Gold Coast Knights. in 2020 and 2021, they lost again to Lions FC and in 2022, the club lost against Gold Coast Knights. Olympic FC has played in the national rounds of the
Australia Cup on five occasions. The club qualified in 2014, progressing to the Round of 16 before losing narrowly to the
Central Coast Mariners, an A-League, professional side. The club qualified again in 2018, but lost to local rivals Lions FC in the Round of 32. in 2019, Olympic made it to the round of 16 before losing to professional side,
Adelaide United. The Club qualified for the fourth time in their history in 2024, beating
APIA Leichhardt FC in the round of 32 before losing against
South Melbourne in extra time. In 2015, Olympic FC qualified for a fifth time and was drawn against local rivals, Brisbane City, losing 2-0. == Home ground ==