A combined study of mapping, observational, age constraint, and geochemical data at the summit of Axial Seamount, Juan de Fuca Ridge, has revealed its recent petrological history. Multiple basalt types erupted at the summit in a time sequence. At least three different magma batches have been present beneath the Axial Summit caldera during the last millennium, each with a range in differentiation. The first, prior to 1100 CE, was compositionally diverse, dominantly aphyric T‐MORB. The second, from ∼1220 to 1300 CE, was dominantly plagioclase‐phyric, more mafic N‐MORB erupted mostly in the central portion of the caldera. Since ∼1400 CE, lavas have been more differentiated, and nearly aphyric T‐MORB mostly erupted in the caldera's rift zones. Parental magmas vary subtly due to small coupled differences in the degree of melting and sources, but all share a uniform differentiation trend indicating pooling at similar depths. Thus, melts percolate through melt‐rich lenses that remain partially isolated in space and/or time. Centennial magmatic timescales at Axial Seamount are similar to those for fast spreading ridge segments. The fluctuation between aphyric and plagioclase‐phyric lava likely reflects different pathways or velocities of melt migration.