The 1992 Federation Cup was the 30th edition of the most important competition between national teams in women's tennis. Qualifying rounds were split among three regional zones for the first time, each sending teams to the main World Group tournament. Germany defeated Spain in the final, held on 19 July, giving Germany their second title and first since the German reunification.
The sixteen teams that lost in the World Group first round ties played off in the first round, with the eight winning moving through to the play-off round. The four nations that won their play-off tie would remain in the World Group in 1993.
