Social organization, dispersal and fecundity coevolve, but whether they are genetically linked remains little known. Supergenes are prime candidates for coupling adaptive traits and mediating sex-specific trade-offs. Here, we test whether a supergene that controls social structure in
Formica selysi
also influences dispersal-related traits and fecundity within each sex. In this ant species, single-queen colonies contain only the ancestral supergene haplotype
M
and produce
MM
queens and
M
males, while multi-queen colonies contain the derived haplotype
P
and produce
MP
queens,
PP
queens and
P
males. By combining multiple experiments, we show that the
M
haplotype induces phenotypes with higher dispersal potential and higher fecundity in both sexes. Specifically,
MM
queens,
MP
queens and
M
males are more aerodynamic and more fecund than
PP
queens and
P
males, respectively. Differences between
MP
and
PP
queens from the same colonies reveal a direct genetic effect of the supergene on dispersal-related traits and fecundity. The derived haplotype
P
, associated with multi-queen colonies, produces queens and males with reduced dispersal abilities and lower fecundity. More broadly, similarities between the
Formica
and
Solenopsis
systems reveal that supergenes play a major role in linking behavioural, morphological and physiological traits associated with intraspecific social polymorphisms.