The Earth Magnetic Anomaly Grid at 2 arc min resolution version 3, EMAG2v3, combines marine and airborne trackline observations, satellite data, and magnetic observatory data to map the location, intensity, and extent of lithospheric magnetic anomalies. EMAG2v3 includes over 50 million new data points added to NCEI's Geophysical Database System (GEODAS) in recent years. The new grid relies only on observed data, and does not utilize a priori geologic structure or ocean‐age information. Comparing this grid to other global magnetic anomaly compilations (e.g., EMAG2 and WDMAM), we can see that the inclusion of a priori ocean‐age patterns forces an artificial linear pattern to the grid; the data‐only approach allows for greater complexity in representing the evolution along oceanic spreading ridges and continental margins. EMAG2v3 also makes use of the satellite‐derived lithospheric field model MF7 in order to accurately represent anomalies with wavelengths greater than 300 km and to create smooth grid merging boundaries. The heterogeneous distribution of errors in the observations used in compiling the EMAG2v3 was explored, and is reported in the final distributed grid. This grid is delivered at both 4 km continuous altitude above WGS84, as well as at sea level for all oceanic and coastal regions.