The film includes several instances of LGBTQ+ representation, notably Korg's explicit mention of his two fathers and his male partner, and Valkyrie's acknowledged bisexuality. These depictions are presented as normal and accepted within the narrative, contributing to an affirming portrayal without negative stereotypes or mockery.

The film features Valkyrie, an Asgardian warrior with enhanced physical attributes, who engages in and wins close-quarters melee combat against multiple male opponents using her sword and spear.

Jane Foster, a character established as female, takes on the mantle of Mighty Thor. While Jane herself is not gender-swapped, the role of 'Thor' (wielder of Mjolnir and god of thunder) was canonically and historically male, making its portrayal by a female a gender swap of the established role.

Valkyrie, a character canonically depicted as white in Marvel Comics, is portrayed by Tessa Thompson, a biracial actress (Black/white), in the film. This casting constitutes a race swap for an established legacy character.