Soluble adenylyl cyclase (sAC; ADCY10) is a bicarbonate (HCO
3
−
)-regulated enzyme responsible for the generation of cyclic adenosine monophosphate (cAMP). sAC is distributed throughout the cell and within organelles and, as such, plays a role in numerous cellular signalling pathways. Carbonic anhydrases (CAs) nearly instantaneously equilibrate HCO
3
−
, protons and carbon dioxide (CO
2
); because of the ubiquitous presence of CAs within cells, HCO
3
−
-regulated sAC can respond to changes in any of these factors. Thus, sAC can function as a physiological HCO
3
−
/CO
2
/pH sensor. Here, we outline examples where we have shown that sAC responds to changes in HCO
3
−
, CO
2
or pH to regulate diverse physiological functions.