1994–95 Segunda División
The 1994–95 Segunda División season saw 20 teams participate in the second flight Spanish league. CP Mérida, Rayo Vallecano and UD Salamanca were promoted to Primera División. Palamós CF and CD Orense were relegated to Segunda División B.
Teams
| Team | Home city | Stadium |
| Athletic Bilbao B | Bilbao | San Mamés |
| Badajoz | Badajoz | El Vivero |
| Barcelona B | Barcelona | Mini Estadi |
| Eibar | Eibar | Ipurua |
| Extremadura | Almendralejo | Francisco de la Hera |
| Getafe | Getafe | Las Margaritas |
| Hércules | Alicante | José Rico Pérez |
| Leganés | Leganés | Luis Rodríguez de Miguel |
| Lleida | Lleida | Camp d'Esports |
| Mallorca | Mallorca | Lluís Sitjar |
| Atlético Marbella | Marbella | Municipal de Marbella |
| Mérida | Mérida | Municipal de Mérida |
| Ourense | Ourense | O Couto |
| Osasuna | Pamplona | El Sadar |
| Palamós | Palamós | Nou Municipal |
| Rayo Vallecano | Madrid | Vallecas |
| Real Madrid B | Madrid | Ciudad Deportiva |
| Salamanca | Salamanca | Helmántico |
| Toledo | Toledo | Salto del Caballo |
| Villarreal | Villarreal | El Madrigal |
Teams by Autonomous Community
| Autonomous community | Number of teams | Teams | |
| 1 | 4 | Getafe, Leganés, Real Madrid B, Rayo Vallecano | |
| 2 | 3 | Barcelona B, Lleida, Palamós | |
| 2 | 3 | Badajoz, Extremadura, Mérida | |
| 4 |  Basque Country | 2 | Athletic Bilbao B, Eibar |
| 4 | 2 | Hércules, Villarreal | |
| 6 | 1 | Marbella | |
| 6 | 1 | Mallorca | |
| 6 | 1 | Salamanca | |
| 6 | 1 | Toledo | |
| 6 | 1 | Ourense | |
| 6 | 1 | Osasuna |