In the crystal structure of the title compound, [Pd2(C22H17N2)2(C12H12N2)2](PF6)2·C4H10O·H2O, two Pd(dmbpy) units (dmbpy is 4,4′-dimethyl-2,2′-bipyridine) are bridged by 4-benzyl-3,5-diphenylpyrazolate ligands in an exodentate fashion, which results in a clip-like cavity between the two Pd(dmbpy)Pd planes. A disordered hexafluoridophosphate anion is held in the cavity by an anion–π interaction [P—F... Cg1 = 3.435 (15) Å ( Cg1 is the centroid of the Pd–dmbpy chelate ring system) and P—F... Cg2 = 3.187 (15) Å ( Cg2 is the centroid of a pyridine ring)]. A crystallographic twofold rotation axis passes through an F atom of the disordered anion and the mid-point of the two Pd atoms. The P and two F atoms of the second anion also lie on a twofold rotation axis, as do the O atom of the diethyl ether and the water O atom. The crystal structure is stabilized by electrostatic forces between the cations and anions, and intermolecular hydrogen bonds involving hexafluoridophosphate anions (C—H...F), the solvent diethyl ether molecules and water molecules (C—H...O). [ABSTRACT FROM AUTHOR]