Ladybower Reservoir is a large Y-shaped reservoir, the lowest of three in the Upper Derwent Valley in Derbyshire, England. The River Ashop flows into the reservoir from the west; the River Derwent flows south, initially through Howden Reservoir, then Derwent Reservoir, and finally through Ladybower Reservoir.

The area is now a tourist attraction, with the Fairholmes visitors' centre located at the northern tip of Ladybower. The east arm of the reservoir, fed by the Ladybower Brook, is overlooked by Hordron Edge stone circle.

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