The atmospheric molecular hydrogen concentration and its deuterium abundance were measured in remote air samples collected onboard six Pacific Ocean ship transects between 37°N and 77°S during years 2001 through 2005. The data reveal a year‐round interhemispheric gradient in H2 concentration and isotopic composition with the extratropical Northern Hemisphere lower in H2 concentration by 17 ± 11 ppb and δD of H2 by 16 ± 12‰ than the Southern Hemisphere (95% confidence). On the basis of these snapshots, the interhemispheric gradient in δD was observed to be smallest in September through November, a time that experiences the largest gradient in concentration, and the largest in April, a time that has a small gradient in concentration. A simple hemispheric box model of the atmosphere indicates that, while the hemispheric asymmetry in soil sink of H2 is primarily responsible for the observed interhemispheric gradient in H2 concentration, the hemispheric difference in the δD of the H2 sources and sinks are equally responsible for the observed interhemispheric gradient in δD. Both the inverse correlation between interhemispheric H2 and δD gradients and their seasonal changes point to the importance of the H2 produced by photochemical sources. Comparisons with a three‐dimensional chemical transport model shows reasonable agreement with mean behavior in both variables and provides an accounting for H2 sources and sinks within ±15% without a dramatic change in the H2 budget. Anomalous H2 concentrations and δD in tropics and low‐latitude regions observed during the November–December 2001 meridional H2 and δD snapshot is thought to be a result of H2 emissions from biomass burning, possibly from continental Africa.