The isotopic composition of Phanerozoic marine sediments provides important information about changes in seawater chemistry. In particular, the radiogenic strontium isotope ( 87 Sr/ 86 Sr) system is a powerful tool for constraining plate tectonic processes and their influence on atmospheric CO 2 concentrations. However, the 87 Sr/ 86 Sr isotope ratio of seawater is not sensitive to temporal changes in the marine strontium (Sr) output flux, which is primarily controlled by the burial of calcium carbonate (CaCO 3 ) at the ocean floor. The Sr budget of the Phanerozoic ocean, including the associated changes in the amount of CaCO 3 burial, is therefore only poorly constrained. Here, we present the first stable isotope record of Sr for Phanerozoic skeletal carbonates, and by inference for Phanerozoic seawater (δ 88/86 Sr sw ), which we find to be sensitive to imbalances in the Sr input and output fluxes. This δ 88/86 Sr sw record varies from ~0.25‰ to ~0.60‰ (vs. SRM987) with a mean of ~0.37‰. The fractionation factor between modern seawater and skeletal The oceanic net carbonate flux of Sr (F(Sr) carb ) varied between an output of -4.7x10 10 mol/Myr and an input of +2.3x10 10 mol/Myr with a mean of -1.6x10 10 mol/Myr.On time scales in excess of 100Myrs the F(Sr) carb is proposed to have been controlled by the relative importance of calcium carbonate precipitates during the "aragonite" and "calcite" sea episodes. On time scales less than 20Myrs the F(Sr) carb seems to be controlled by variable combinations of carbonate burial rate, shelf carbonate weathering and recrystallization, ocean acidification, and ocean anoxia. In particular, the Permian/Triassic transition is marked by a prominent positive δ 88/86 Sr sw -peak that reflects a significantly enhanced burial flux of Sr and carbonate, likely driven by bacterial sulfate reduction (BSR) and the related alkalinity production in deeper anoxic waters. We also argue that the residence time of Sr in the Phanerozoic ocean ranged from ~1Myrs to ~20Myrs.