The women's football team is one of the most successful clubs ever in Norway, with 6 Premier League championships and 5 cup championships. Due to financial difficulties at the end of 2008 the team's licence to play in the Toppserien was revoked, and the team members then joined Stabæk IF's football group, Stabæk Fotball, which set up a new women's team. NFF gave Asker's place in the Toppserien to Stabæk Fotball. Asker's second team became Asker's first team, playing in the Norwegian Second Division, and they now have a recruiting arrangement with Stabæk Fotball.
The men currently have a cup silver from 1951 as their best achievement.
Asker become historic in 1998, when the women's team won all its Premier League matches. Incidentally, the men's did the same thing in 2005, though in the Third Division, although it was played in First League between 1951–1959.
On 13 July 2012, four players (on of them from Asker) were arrested by police due to match fixing allegations in games involving Aker and Follo FK.  Asker's 7–1 loss over Frigg was deemed suspicious because of the odd score line and high bettings placed on this game.