| Club: | Panathinaikos |
| Season: | 1994–95 |
| Manager: | Juan Ramón Rocha |
| Chairman: | Yiorgos Vardinogiannis |
| League: | Alpha Ethniki |
| League Result: | 1st |
| Cup1: | Greek Cup |
| Cup1 Result: | Winners |
| Cup2: | Cup Winners' Cup |
| Cup2 Result: | Round of 16 |
| Pattern La1: | _upperwhite |
| Pattern B1: | _thickwhitestripes |
| Pattern Ra1: | _upperwhite |
| Pattern Sh1: | _white_border |
| Pattern So1: | _top_on_white |
| Leftarm1: | 008000 |
| Body1: | 008000 |
| Rightarm1: | 008000 |
| Shorts1: | 008000 |
| Socks1: | 008000 |
| Pattern B2: | _collar2 |
| Pattern So2: | _top_on_white |
| Leftarm2: | FFFFFF |
| Body2: | FFFFFF |
| Rightarm2: | FFFFFF |
| Shorts2: | FFFFFF |
| Socks2: | 008000 |
| Prevseason: | 1993–94 |
| Nextseason: | 1995–96 |
In the 1994–95 season Panathinaikos played for 36th consecutive time in Greece's top division, the Alpha Ethniki. They also competed in the UEFA Cup Winners' Cup and the Greek Cup.
See main article: 1994–95 Alpha Ethniki.
See main article: 1994–95 Greek Football Cup.
See main article: 1994–95 UEFA Cup Winners' Cup.