Previous work has demonstrated that acute exercise prior to memory encoding may enhance long-term memory. Similarly, other work demonstrates that acute exercise during the memory consolidation period may also enhance long-term memory function. However, no study has evaluated whether long-term memory is enhanced when an acute bout of exercise occurs during both of these time periods, when compared to just prior to memory encoding. A within-subject randomized controlled intervention was employed. On separate laboratory visits, participants completed two main protocols, including (1) exercise before memory encoding and (2) exercise before and after memory encoding. Long-term memory was assessed, via a word-list task, from a 20-min delay period and a 24-h delay period. We observed a significant main effect for time, F(8, 176) = 529.5, P < 0.001, η p 2 = 0.96, but no significant main effect for condition, F(1, 22) = 0.08, P = 0.77, η p 2 = 0.004, or time by condition interaction, F(8, 176) = 0.19, P = 0.99, η p 2 = 0.009. In conclusion, there was no difference in long-term memory function when comparing acute exercise only prior to memory encoding vs. acute exercise both before and immediately after memory encoding.