We present a new 12-year record of geostrophic currents at monthly resolution in the ice-covered and ice-free Arctic Ocean and characterise their seasonal to decadal variability. We also present seasonal climatologies of eddy kinetic energy, and examine the changing location of the Beaufort Gyre. Geostrophic current variability highlights the complex interplay between seasonally varying forcing and sea ice conditions, changing ice–ocean coupling and increasing ocean surface stress in the 2000s.