Recorded in the summer of 1974, during breaks between sessions for Captain Fantastic and the Brown Dirt Cowboy, the song was at the time the only song Elton John and Bernie Taupin had ever consciously written as a single, as John told journalist Paul Gambaccini. John was looking to honour Billie Jean King, and so asked Taupin to write a song called "Philadelphia Freedom" as a homage to her tennis team, the Philadelphia Freedoms.
In His Song: The Musical History of Elton John, Elizabeth Rosenthal recounts that Taupin said, "I can't write a song about tennis," and did not. Taupin maintains that the lyrics bear no relation to tennis, Philly Soul, or even flag-waving patriotism. Nonetheless, the lyrics have been interpreted as patriotic and uplifting, and even though it was released in 1975, the song's sentiment, intentionally or not, meshed perfectly with an American music audience gearing up for the country's bicentennial celebration in July 1976. In the US, the song was certified Gold in 1975 and Platinum in 1995 by the Recording Industry Association of America.Billboard ranked it as the No. 3 song for 1975.