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The association was founded in 1960. The men's division played in 1980 in the first Icelandic League (then Landsbankadeild) and managed the 2000 promotion again to the highest Icelandic league. In 2008 men's reached the summit and thus to play in Úrvalsdeild since 2009.
The club gained worldwide fame when their elaborate goal celebrations, including highly choreographed depictions of landing a fish, diving, a human toilet, a human bicycle, and a Rambo shooting spree, were published widely across the Internet and football television shows.
On October 4, 2014, Stjarnan won their first ever Úrvalsdeild karla title. Stjarnan went through the season unbeaten in the league and equalled the point record of 52 points.
On 18 April 2019, Stjarnan won the Super Cup for the second time in its history, beating Valur 6–5 in penalties.
Current squad
As of 1 August 2024
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.
Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply. Players may hold more than one non-FIFA nationality.