AbstractSedimentary records show that calcium carbonate (CaCO3) preservation fluctuated during the Eocene. These fluctuations are well documented for the equatorial Pacific. However, data from other basins are sparse. In this study, we report new middle and late Eocene bulk calcium carbonate percentages and accumulation rates from the northwestern Pacific (Ocean Drilling Program—ODP—Site 884) and the Atlantic (ODP Sites 1053, 1090, and 1263) Oceans; in addition, we calculate CaCO3 accumulation rates for sites with published percentage bulk CaCO3 to expand geographic and paleobathymetric coverage. Using these data, we investigate the response of the carbonate cycle to environmental changes (e.g., temperatures, primary productivity, weathering, and ocean circulation) at the beginning of the greenhouse‐icehouse transition (∼43–34 Ma). Our results show that in the middle to late Eocene CaCO3 accumulation rates were highly variable at different paleodepths and ocean basins suggesting that the evolution of carbonate accumulation rates over the Eocene was influenced by different processes in different locations. In particular, our data emphasize the role of surface CaCO3 production and ocean ventilation in driving changes in CaCO3 preservation and burial at the seafloor. Our study also highlights the need for a better understanding of the processes regulating CaCO3 surface production today in order to correctly interpret geological records.