Marine phytoplankton are fundamental to Earth's ecology and biogeochemistry. Our understanding of the large-scale dynamics of phytoplankton biomass has greatly benefited from, and is largely based on, satellite ocean color observations from which chlorophyll-a (Chla), a commonly used proxy for carbon biomass, can be estimated. However, ocean color satellites only measure a small portion of the surface ocean, meaning that subsurface phytoplankton biomass is not directly monitored. Chla is also an imperfect proxy for carbon biomass because cellular physiology drives large variations in their ratio. The global network of Biogeochemical (BGC)-Argo floats now makes it possible to complement satellite observations by addressing both these issues at once. In our study, we use ~100,000 water-column profiles from BGC-Argo to describe Earth's phytoplankton carbon biomass and its spatiotemporal variability. We estimate the global stock of open ocean phytoplankton biomass at ~314 Tg C, half of which is present at depths not accessible through satellite detection. We also compare the seasonal cycles of carbon biomass stocks and surface Chla visible from space and find that surface Chla does not accurately identify the timing of the peak annual biomass in two-thirds of the ocean. Our study is a demonstration of global-scale, depth-resolved monitoring of Earth's phytoplankton, which will be crucial for understanding future climate-related changes and the effects of geoengineering interventions if implemented.