The soft X-ray flux produced by solar axions in the Earth's magnetic field is evaluated in the context of ESA's XMM-Newton observatory. Recent calculations of the scattering of axion-conversion X-rays suggest that the sunward magnetosphere could be an observable source of 0.2-10 keV photons. For XMM-Newton, any conversion X-ray intensity will be seasonally modulated by virtue of the changing visibility of the sunward magnetic field region. A simple model of the geomagnetic field is combined with the ephemeris of XMM-Newton to predict the seasonal variation of the conversion X-ray intensity. This model is compared with stacked XMM-Newton blank sky datasets from which point sources have been systematically removed. Remarkably, a seasonally varying X-ray background signal is observed. The EPIC count rates are in the ratio of their X-ray grasps, indicating a non-instrumental, external photon origin, with significances of 11(pn), 4(MOS1) and 5(MOS2) sigma. After examining the constituent observations spatially, temporally and in terms of the cosmic X-ray background, we conclude that this variable signal is consistent with the conversion of solar axions in the Earth's magnetic field. The spectrum is consistent with a solar axion spectrum dominated by bremsstrahlung- and Compton-like processes, i.e. axion-electron coupling dominates over axion-photon coupling and the peak of the axion spectrum is below 1 keV. A value of 2.2e-22 /GeV is derived for the product of the axion-photon and axion-electron coupling constants, for an axion mass in the micro-eV range. Comparisons with limits derived from white dwarf cooling may not be applicable, as these refer to axions in the 0.01 eV range. Preliminary results are given of a search for axion-conversion X-ray lines, in particular the predicted features due to silicon, sulphur and iron in the solar core, and the 14.4 keV transition line from 57Fe.