Olympic champion Yelena Isinbayeva set a new world indoor record of 5.01m at the XL Galan meeting in Stockholm.
The 29-year-old Russian athlete, who holds the outdoor world record of 5.06m, improved on her previous mark of 5.00m, set in Donetsk in 2009.
Great Britain's Holly Bleasdale was second with a vault of 4.72m, with Pan-American champion Yarisley Silva in third with the same height.
Isinbayeva's win comes ahead of March's World Indoor Championships in Istanbul.
After the result, Bleasdale wrote on her Twitter page: "So 4.72! Another consistent height! But the most important thing is the old Holly is back and ready to roll to Istanbul!"