The FBR Open is a nationally televised golf tournament, a part of the PGA Tour, held at the Tournament Players Club (TPC) of Scottsdale, Arizona around the last weekend in January. The tournament was originally the Arizona Open, but was known for most of its history as the Phoenix Open until the investment bank, Friedman Billings Ramsey, became the title sponsor in October 2003.

The Phoenix Open began in 1932 but was discontinued after the 1935 tournament. The rebirth of the Phoenix Open came in 1939 when the vision of a dedicated golfer, Bob Goldwater, Sr. convinced fellow Thunderbirds into running the event. The Thunderbirds (a prominent civic organization in Phoenix) were not enthusiastic about running the event as he was as he did most of the work in getting a golf open started. The event was played at Phoenix Country Club in Phoenix, Arizona, both in its earlier incarnations and after Goldwater resuscitated it. Beginning in 1955, The Arizona Country Club (also in Phoenix) alternated as event host with Phoenix Country Club; this arrangement lasted until Phoenix Country Club took The Arizona Country Club's turn in 1975 and became the event's permanent home again.

In 1987, the tournament was moved to its current home, the TPC of Scottsdale's Stadium Course.

The 4-day attendance of the tournament is usually around 500,000. The most popular hole for spectators to watch is the 16th hole due to the "Amphitheatre" atmosphere of the hole, created by the stands erected every year before the tournament. The hole could be described as "one big party", with many students from the nearby Arizona State University. Poor shots at the 16th hole receive boos, because the hole is very easy by the PGA's standards. Good shots, however, are cheered for loudly. Famous moments at the 16th include Tiger Woods' hole-in-one in 1997, which caused the gallery to erupt, throwing cups and other objects in celebration, and Justin Leonard giving the finger to the gallery after a poor shot. The most popular golfer at FBR is unquestionably Phil Mickelson, an Arizona State alum. In addition to the golf, there is a concert/party held in the Scottsdale area called the Birds Nest, in which music artists like Huey Lewis and the News play.