The 2004 AF2 season was the fifth season the AF2. The league champions were the Florida Firecats, who defeated the Peoria Pirates in Arena Cup V.
| Team | Overall | Division | ||||
|---|---|---|---|---|---|---|
| Wins | Losses | Percentage | Wins | Losses | Percentage | |
| American Conference | ||||||
| Northeastern Division | ||||||
| Wilkes-Barre/Scranton Pioneers | 13 | 3 | 0.812 | 7 | 2 | 0.778 |
| Cape Fear Wildcats | 12 | 4 | 0.750 | 6 | 3 | 0.667 |
| Albany Conquest | 6 | 10 | 0.375 | 2 | 7 | 0.285 |
| Manchester Wolves | 5 | 11 | 0.312 | 3 | 6 | 0.333 |
| Southern Division | ||||||
| Florida Firecats | 10 | 6 | 0.625 | 6 | 2 | 0.750 |
| Birmingham Steeldogs | 10 | 6 | 0.625 | 4 | 2 | 0.667 |
| Columbus Wardogs | 6 | 10 | 0.375 | 2 | 5 | 0.285 |
| Macon Knights | 3 | 13 | 0.187 | 2 | 5 | 0.285 |
| Midsouthern Division | ||||||
| Tennessee Valley Vipers | 12 | 4 | 0.750 | 5 | 1 | 0.833 |
| Memphis Xplorers | 10 | 6 | 0.625 | 4 | 2 | 0.667 |
| Bossier-Shreveport Battle Wings | 5 | 11 | 0.312 | 1 | 6 | 0.167 |
| Arkansas Twisters | 4 | 12 | 0.250 | 2 | 4 | 0.333 |
| National Conference | ||||||
| Southwestern Division | ||||||
| Tulsa Talons | 13 | 3 | 0.812 | 9 | 3 | 0.750 |
| Oklahoma City Yard Dawgz | 10 | 6 | 0.625 | 8 | 4 | 0.667 |
| Wichita Stealth | 8 | 8 | 0.500 | 5 | 7 | 0.417 |
| Rio Grande Valley Dorados | 6 | 10 | 0.375 | 6 | 6 | 0.600 |
| Laredo Law | 3 | 13 | 0.187 | 2 | 10 | 0.167 |
| Midwestern Division | ||||||
| Quad City Steamwheelers | 10 | 6 | 0.625 | 4 | 2 | 0.667 |
| Louisville Fire | 9 | 7 | 0.562 | 3 | 3 | 0.500 |
| Peoria Pirates | 9 | 7 | 0.562 | 3 | 3 | 0.500 |
| Green Bay Blizzard | 6 | 10 | 0.375 | 2 | 4 | 0.333 |
| Western Division | ||||||
| Bakersfield Blitz | 11 | 5 | 0.687 | 10 | 2 | 0.833 |
| San Diego Riptide | 8 | 8 | 0.500 | 6 | 6 | 0.500 |
| Hawaiian Islanders | 8 | 8 | 0.500 | 6 | 6 | 0.500 |
| Central Valley Coyotes | 3 | 13 | 0.187 | 2 | 10 | 0.167 |
| August 7 - Germain Arena | August 13 - Von Braun Center | |||||||||||||||||
| 5 | Memphis | 33 | ||||||||||||||||
| 4 | Florida | 62 | ||||||||||||||||
| 4 | Florida | 35 | August 22 - Wachovia Arena at Casey Plaza | |||||||||||||||
| 2 | Tennessee Valley | 58 | ||||||||||||||||
| American Conference | ||||||||||||||||||
| August 7 - Crown Coliseum | 4 | Florida | 41 | |||||||||||||||
| August 14 - Wachovia Arena at Casey Plaza | ||||||||||||||||||
| 1 | Wilkes-Barre/Scranton | 31 | ||||||||||||||||
| 6 | Birmingham | 53 | American Conference Championship | |||||||||||||||
| 4 | Cape Fear | 37 | ||||||||||||||||
| 3 | Cape Fear | 54 | August 23 - Germain Arena | |||||||||||||||
| 1 | Wilkes-Barre/Scranton | 40 | ||||||||||||||||
| Round 1 | ||||||||||||||||||
| Conference Semifinals | ||||||||||||||||||
| August 7 - Cox Convention Center | A4 | Florida | 39 | |||||||||||||||
| August 14 - Rabobank Arena | ||||||||||||||||||
| N6 | Peoria | 26 | ||||||||||||||||
| 6 | Peoria | 45 | Arena Cup V | |||||||||||||||
| 6 | Peoria | 38 | ||||||||||||||||
| 3 | Oklahoma City | 36 | August 21 - Tulsa Convention Center | |||||||||||||||
| 2 | Bakersfield | 36 | ||||||||||||||||
| National Conference | ||||||||||||||||||
| August 7 - The MARK of the Quad Cities | 6 | Peoria | 30 | |||||||||||||||
| August 14 - Tulsa Convention Center | ||||||||||||||||||
| 1 | Tulsa | 28 | ||||||||||||||||
| 5 | Louisville | 53 | National Conference Championship | |||||||||||||||
| 5 | Louisville | 42 | ||||||||||||||||
| 4 | Quad City | 48 | ||||||||||||||||
| 1 | Tulsa | 49 | ||||||||||||||||
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