Interwar period

The comings and goings of TV club members continued in the interwar period. The women of Turnclub Augsburg and Damenschwimmverein Augsburg joined in 1919 and 1920 respectively. SV Schwaben was formed in 1924 by footballers, hockey players, and track and field athletes out of TV, while the fencers left in 1925 to form Fechtclub Augsburg. That same year TV partnered up with TSV 1925 Meitingen. TV offshoots SV Schwaben and SSV Augsburg (originally FC Augsburg) merged to become Sport- und Spielvereine (SSV) Schwaben Augsburg. And in 1933, FC Viktoria and Schwimmverein Delphi joined TV. Throughout this period the club's football side made frequent appearances in the Bezirksliga Bayern, but without producing any significant results.

Play during World War II

In 1933, German football was reorganized under the Third Reich into sixteen top-flight divisions. Schwaben Augsburg joined the Gauliga Bayern, but was relegated after just two seasons. The club returned to first-division play in 1937, but again only stayed up for two years. Schwaben was promoted once more in 1940, while the team's parent club TV Augsburg was forced by Nazi sports authorities into a merger with SSV Schwaben Augsburg to form TSV Schwaben Augsburg in 1941. The football team remained in a weakened Gauliga until the end of World War II playing as a lower to mid-table side.

Postwar

After the war occupying Allied authorities ordered the dissolution of all organizations in Germany, including sports and football associations. Former TSV footballers formed FC Viktoria Augsburg (later 1948 TG Viktoria) in late 1945. TSV itself was re-constituted in 1946 and its football department continued to compete in first-division football in the Oberliga Süd in 15 of the next 20 years with their best result coming as a fifth-place finish in 1946. In this period, the club managed to march from the Oberliga straight down to the Amateurliga Bayern (III), and back, in consecutive seasons, an unusual achievement. After the formation of the Bundesliga – Germany's first professional league – in 1963, the club played in the second division Regionalliga Süd until being relegated in 1969.

Out of professional football

That same year Schwaben's professional footballers left to join forces with their fellows at BC Augsburg to form FC Augsburg, while parent association TSV agreed to exclude themselves from participation in professional football in the future. Nonetheless Schwaben continued to operate a football department, being joined by the footballers of Eintracht Augsburg in 1970. The team went on to advance to the highest amateur class, the Bayernliga (IV), by 1981.

For many years then, the club played as a yo-yo side moving between the Oberliga and the fifth-division Landesliga Bayern-Süd. After one more relegation from the Oberliga in 2002, the club remained in the Landesliga. In 2007, it found itself back in the highest league of the Schwaben FA, the Bezirksoberliga Schwaben, for the first time since 1975. There the club struggled too and could not avoid further relegation, to the Bezirksliga Schwaben-Süd, in 2008.

In the Bezirksliga, the club met the BC Augsburg-Oberhausen, a club named and based on the old BC Augsburg. The team managed to break their fall through the leagues in 2008–09, finishing second behind BCA-O and earning promotion back to the Bezirksoberliga,^[1] where it played for the following three seasons.

At the end of the 2011–12 season, the club dropped back to the Bezirksliga after finishing 15th in the Bezirksoberliga but remained at the same tier as the Bezirksoberliga was disbanded.^[2] Schwaben long looked like achieving direct promotion back to the Landesliga in 2012–13 but eventually finished only second and was knocked out in the promotion play-off. Two successive league championships between 2015–16 and 2016–17 earned Schwaben promotion from the Bezirksliga to the Bayernliga Süd.