Dynamo's first logo which featured on their shirts in 1927 was a signature blue "Д" (D) in a vertical rhombus. Over the years, the club's logo has undergone many changes and replacements, but the signature D has remained ever since.

In 2003 after Dynamo won their 10th domestic trophy, a golden star was added at the top of the logo to celebrate club's success. The second star was added to the logo in 2007 during celebrations of Dynamo's 80 year anniversary. Although Dynamo won only 13 Ukrainian league titles, their 13 reigns as USSR Champions were taken into account, which some consider a reply to actions of Dynamo's former top rival Spartak Moscow, who had done the same thing several years previously.