Rapinoe, 34, won the Golden Boot for most goals and Golden Ball for best player at the Women’s World Cup earlier this summer after helping the USA win the tournament with six goals and three assists.
The USA co-captain, vocal off the pitch for gender equality and LGBTQ+ rights, also enjoyed a successful season domestically after guiding Reign FC into the National Women’s Soccer League play-offs.
Bronze misses out after being named UEFA Women’s Player of the Year last month – the first English woman to win the award – and also won the Women’s World Cup Silver Ball after helping the Lionesses reach the semi-finals.
The 27-year-old starred for England at right-back, playing every minute in all seven matches as they lost out to eventual champions USA in the last four.
Bronze, who has been with French club Lyon since 2017, also won the treble last season, lifting the Women’s Champions League after a 4-1 win over Barcelona.
Morgan, meanwhile, also finished the World Cup with six goals and three assists for the USA, but missed out on the Golden Ball to team-mate Rapinoe by minutes-per-goal – and has now missed out on this award too.
The 30-year-old caused a stir with her tea-sip celebration against England in the semi-finals, being accused of disrespect, but she responded by claiming that there was a “double standard” for female players.
Earlier in the tournament, she became just the second woman in history to score five goals in one game when the USA thumped Thailand 13-0 for the biggest ever victory at the Women’s World Cup.
Best FIFA Women’s Player – top ten
1. Megan Rapinoe (USA)
2. Alex Morgan (USA)
3. Lucy Bronze (England)
4. Amandine Henry (France)
5. Vivianne Miedema (Netherlands)
6. Rose Lavelle (USA)
7. Julie Ertz (USA)
8. Ada Hegerberg (Norway)
9. Wendie Renard (France)