The Iberian 10,000 Metres Championships or Iberian Trophy (Portuguese: Troféu Ibérico; Spanish: Trofeo Ibérico) is an annual team track running competition over 10,000 metres that is contested between athletes from Portugal and Spain. The event has been held over two separate periods. Launched in 1991, the competition originally ran for six editions, but was made defunct by the European 10000 Metres Challenge in 1997. That competition was expanded further as the European Cup 10,000m in 2005. A desire to resume a bi-national event saw the relaunch of the original event under the title of the "Iberian Trophy" in 2011.
The competition consists of two elements: an individual aspect and a team aspect. The team competition is decided by combining the finishing times of each nations four best performing athletes. There are two senior races, one for each of the sexes. On top of this, the host nation incorporates its nation championship into the race, so the host's leading athlete is also declared the national champion. Guest athletes are a common feature and, although their times and finishing positions are recorded, they are not considered part of the international Iberian Trophy race.