The Women's 200 metres event at the 2004 IAAF World Indoor Championships was held on March 6–7.
| width=200 bgcolor=gold | Gold | width=200 bgcolor=silver | Silver | width=200 bgcolor=CC9966 | Bronze |
| Natallia Safronnikava | Svetlana Goncharenko | Karin Mayr-Krifka |
Note: Anastasiya Kapachinskaya of Russia originally won the gold medal, but was disqualified after she tested positive for performance enhancing drugs.
First 2 of each heat (Q) and next 2 fastest (q) qualified for the semifinals.
| Rank | Heat | Name | Nationality | Time | Notes | |
|---|---|---|---|---|---|---|
| 1 | 4 | 23.03 | Q, SB | |||
| 2 | 2 | 23.08 | Q, SB | |||
| 1 | Doping | |||||
| 2 | Doping | |||||
| 3 | 4 | 23.34 | Q | |||
| 4 | 4 | 23.36 | q, SB | |||
| 5 | 3 | 23.38 | Q | |||
| 6 | 1 | 23.39 | Q | |||
| 7 | 3 | 23.51 | Q | |||
| 8 | 3 | 23.59 | q | |||
| 9 | 2 | 23.71 | PB | |||
| 10 | 2 | 23.79 | ||||
| 11 | 1 | 23.86 | ||||
| 12 | 1 | 25.80 | NR | |||
| 13 | 3 | 26.69 | NR | |||
| 4 |
First 3 of each semifinal (Q) qualified for the final.
| Rank | Heat | Name | Nationality | Time | Notes | |
|---|---|---|---|---|---|---|
| 2 | Doping | |||||
| 1 | 2 | 22.96 | Q, SB | |||
| 2 | 1 | 23.11 | Q | |||
| 3 | 1 | 23.13 | Q | |||
| 4 | 2 | 23.46 | Q | |||
| 5 | 2 | 23.46 | ||||
| 6 | 1 | 23.47 | Q | |||
| 7 | 1 | 23.53 | ||||
| 2 | Doping | |||||
| 1 |
| Rank | Lane | Name | Nationality | Time | React | Notes | |
|---|---|---|---|---|---|---|---|
| 6 | 0.242 | Doping | |||||
| 3 | 23.13 | 0.149 | |||||
| 4 | 23.15 | 0.139 | |||||
| 5 | 23.18 | 0.179 | |||||
| 4 | 2 | 23.64 | 0.218 | ||||
| 5 | 1 | 23.80 | 0.174 |