Background: Hormone replacement therapy is widely used for controlling menopausal symptoms. Objective: To assess the effects of hormone replacement therapy on the quality of life of postmenopausal women. Search strategy: We searched the following databases for relevant articles published between 2003 and 2014: Cochrane Central Register of Controlled Trials, PubMed, and Google Scholar. Selection criteria: We selected randomized controlled, double-blind trials evaluating hormone replacement therapy versus placebo for postmenopausal women. Hormone therapy included administration of estrogens, with or without progestogens, via the oral route. Main results: Three trials involving 20,561 postmenopausal women were included. None of the studies reported any significant benefit on the quality of life. Authors' conclusions: Although combined hormone replacement therapy is involved in the treatment of menopausal symptoms, there is no evidence that it improves the quality of life.