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"One Moment in Time" is a sentimental ballad by American singer Whitney Houston and written by Albert Hammond and John Bettis, produced by Narada Michael Walden for the 1988 Summer Olympics held in Seoul, South Korea. It was released by Arista Records on August 27, 1988, as the first single from the compilation album, 1988 Summer Olympics Album: One Moment in Time, the soundtrack for the games. The song was Houston's third number one in the UK Singles Chart, and reached number five on the US Billboard Hot 100. The song was later included on the second disc of her first greatest hits Whitney: The Greatest Hits and also on The Ultimate Collection and on the second disc of I Will Always Love You: The Best of Whitney Houston.

The song's melody was inspired by the timeless figure of Elvis Presley, with Hammond imagining it as being sung by Presley "in lavish style" at the Olympics' opening ceremony. It appeared on the album 1988 Summer Olympics Album: One Moment in Time, produced in conjunction with NBC Sports' coverage of the Seoul Olympic Games and which, in addition to Whitney Houston who sang it live at the main ceremony, also featured artists such as: The Four Tops, The Bee Gees, Eric Carmen, Taylor Dayne and the film composer John Williams. The track is an anthem for believing in yourself against all odds as Houston asks for "One moment in time/when I'm racing with destiny/Then, in that one moment of time, I will feel eternity." Houston recorded the song in May 1988 while in London for eight consecutive sold out concerts at Wembley Arena during her Moment of Truth World Tour. Houston's vocals and orchestral backing by the London Symphony Orchestra were recorded at the AIR Studios complex owned by former Beatles producer George Martin, with additional backing recorded at Walden's Tarpan Studios in San Rafael, California. At Clive Davis' request, Houston recorded a final set of vocals at her home studio in Mendham Township, New Jersey in July 1988. According to Walden, Houston resented that Davis had interrupted her brief rest at home during a year long world tour but agreed to make the final recording.

"One Moment in Time" was released by Arista Records on August 27, 1988, as the first single from 1988 Summer Olympics Album: One Moment in Time, the soundtrack for the Games in Seoul, South Korea. The song debuted at number 57 on the Billboard Hot 100, the issue dated September 10, 1988. Nine weeks later, it peaked at number five on the chart, the issue date of November 12, 1988, becoming Houston's tenth top 10 hit on the Hot 100, and spent 17 weeks on the chart. It also debuted on the Billboard Hot R&B/Hip Hop Songs (formerly "Hot Black Singles") at number 78, the issue dated September 17, 1988, and six weeks later reached a peak of 22, her lowest position on the R&B chart at the time. On the issue date of November 5, 1988, the single peaked at number one on the Billboard Hot Adult Contemporary chart, making it her seventh number one single on the chart, and stayed on the top for two weeks. It ranked number 89 on the Billboard Hot 100 Year End chart of 1988. Worldwide, it was a big hit. In the United Kingdom, the song entered the UK Singles Chart at number 24, the week ending date of September 24, 1988, and within four weeks of its release reached the top position, a peak it maintained for two weeks, becoming Houston's third UK number one single. The single was certified Silver by the British Phonographic Industry (BPI) for shipments of 200,000 copies on October 1, 1988. According to The Official Charts Company, the single has sold 400,000 copies in the country. In West Germany, it debuted at number 58 on the Media Control Top 100 Singles chart, the week dated September 26, 1988, and the following week went straight into the top ten. On October 24, 1988, the fifth week of its release, the song reached number one on the chart and stayed there for two weeks, making it her second West German number one hit. The single was certified Gold for shipments of 250,000 copies or more by the Bundesverband Musikindustrie (BVMI) in 1988. Across Europe, "One Moment in Time" was successful, topping the European Hot 100 Singles chart for five weeks. It peaked inside the top five in Austria, Belgium, Finland, Iceland, Norway, Sweden, and Switzerland, and reached top ten in France and the Netherlands. But the single became a minor hit in Oceania region, peaking at number 53 and 34 on the singles chart, in Australia and New Zealand, respectively. The song re entered the UK Singles Chart for week ending February 18, 2012, following Houston's death.

Pan European magazine Music & Media described "One Moment in Time" as "a grand ballad in a pompous production by Narada Michael Walden." Following Houston's death, Entertainment Weekly published a list of her 25 best songs and ranked it #14 because: "The Seoul Olympics needed an anthem, and Houston rose to meet the challenge with this majestic carpe diem chest thumper. The song, a staple of sports montages, yielded one of Houston's all time best performances at the 1989 Grammys ceremony."

1989: Houston performed the song at the opening of the 31st Grammy Awards on February 22, 1989, where she was nominated for Best Pop Vocal Performance, Female. This performance was broadcast live on CBS and released on the videos and CD: Grammy's Greatest Moments, Vol II (1994), and Whitney: The Greatest Hits (2000). It also appears on the CD/DVD Live: Her Greatest Performances. 1989: Houston performed the song during Sammy Davis Jr.'s 60th Anniversary Celebration in Show Business, taped at the Shrine Auditorium in Los Angeles on November 13, 1989, and broadcast on ABC, February 4, 1990. 1992: Houston performed the song at the 1992 Olympic Flag Jam at Atlanta's Georgia Dome on September 17, 1992. The concert, which Houston co hosted with Dick Clark, was organized to welcome the Olympic flag to Atlanta ahead of the city hosting the 1996 Olympics. 1997: Houston performed the song again at the US Open Tennis Championships: the Arthur Ashe Stadium Inauguration Ceremonies on August 25, 1997.

The video for the song does not show Houston performing the song but is a basic collage of clips from the 1988 Olympic games. It opens from the Olympic flame march in Seoul as a black and white video until the lighting of the cauldron from the 1988 games is shown which fades to color. As the song plays throughout, footage from the games in 1988 are shown. When the chorus is sung for the last time, midway through it, scenes of the awarding of winners are depicted. The song video ends with the 1988 Olympic Cauldron blazing.

"One Moment in Time" was performed live by then 11 year old Teodora Sava in the auditions of the first edition of the Romanian children's talent show Next Star in 2013. Her performance gathered praise and positive reactions from all of the judges (who were seeing her for the first time) and online, and had 2.65 million combined YouTube views, making her well known to a wider audience in Romania and abroad. Soon after, she recorded the song in a studio. British instrumental rock group the Shadows did a version on their 1989 album, Steppin' to the Shadows: 16 Great Tracks As Only the Shadows Can Play Them. In 1998, Diva Jane McDonald sang Houston's version of the song from the album Jane McDonald. Dana Winner did a cover of the song; her version has garnered more than 35 million views on YouTube.

Appropriately for the song's origins as an Olympic anthem, British Olympic gold medal winning heptathlete Denise Lewis selected the song as one of her eight recordings on the BBC's Desert Island Discs in February 2012. That same month, the song featured at the beginning of the 2012 Brit Awards at London's O2 Arena in tribute to Houston who had died earlier in the month by playing the song accompanied with a 30 second video montage of her music videos. Dexter Darden performs the song in Season 2 Episode 10 of Saved by the Bell.