The 1994 Virginia Slims Championships were played on indoor carpet courts at the Madison Square Garden in New York City, United States between November 14 and November 20. It marked the last singles tournament for Czech player Martina Navratilova until her comeback in 2002. The singles title was won by unseeded Gabriela Sabatini and earned $250,000 first-prize money. This was the final year with Virginia Slims as the title sponsor of the season-ending championships.
| 1994 Virginia Slims Championships | |
|---|---|
| Date | November 14–20 |
| Edition | 24th |
| Category | WTA Finals |
| Draw | 16S / 8D |
| Prize money | $3,708,500 |
| Surface | Carpet / indoor |
| Location | New York City, United States |
| Venue | Madison Square Garden |
| Champions | |
| Singles | |
 Gabriela Sabatini | |
| Doubles | |
 Gigi Fernández /  Natasha Zvereva | |
Finals edit
Singles edit
Gabriela Sabatini defeated Lindsay Davenport, 6–3, 6–2, 6–4
- It was Sabatini's only singles title of the year and the 26th of her career.
Singles edit
Gigi Fernández / Natasha Zvereva defeated 
Jana Novotná / 
Arantxa Sánchez Vicario, 6–3, 6–7(4–7), 6–3