Abstract Rapid growth of magnetic‐field observations through SWARM and other satellite missions motivate new approaches to analyze it. Dynamic mode decomposition (DMD) is a method to recover spatially coherent motion with a periodic time dependence. We use this method to simultaneously analyze the geomagnetic radial field and its secular variation from CHAOS‐7 at high latitudes. A total of five modes are permitted by noise levels in the observations. One mode represents a slowly evolving background state, whereas the other four modes describe a pair of waves; each wave is comprised of a complex DMD mode and its complex conjugate. The waves have periods of T1 = 19.1 and T2 = 58.4 years and quality factors of Q1 = 11.0 and Q2 = 4.6, respectively. A 60‐year wave is consistent with previous predictions for zonal waves in a stratified fluid. The 20‐year wave is also consistent with previous reports at high latitudes, although its nature is less clear.
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