During its formation in 2017, the PVL consisted of three conferences in one season, two of which initially catered to amateur/non-professional club teams. A team winning both conferences in one season is considered to achieve a "Golden Double", the highest achievement a team can attain in one season. Since its professionalization in 2020 and the ease of COVID-19 restrictions in 2022, the league has managed to separate the collegiate conference into a separate league and parade a three-conference format where all professional teams will join. A team winning all three tournaments is considered to achieve a "Grand Slam", the highest achievement which is identical to the PBA.
As of the 2024 season, only one men's team achieved a Golden Double in one season in the men's division's short history. Meanwhile, only one women's team achieved the Golden Double and Grand Slam in different seasons.
In the 2021 season, one conference was held due to the effects and the preventive measures imposed during the height of the COVID-19 pandemic in the Philippines.[7]
In the 2023 season, the originally planned Reinforced Conference was canceled due to the sanctions imposed by the PNVF, and a second All-Filipino conference was held as a replacement.[8]
legend: 1C – 1st conference, 2C – 2nd conference, F – All-Filipino conference, I – invitational conference, O – open conference, C – collegiate conference, R – reinforced conference