The globally integrated subseasonal variability associated with the two main atmospheric circulation regimes, the balanced (or Rossby) and unbalanced (or inertia–gravity) regimes, is evaluated for the four reanalysis datasets: ERA-Interim, JRA-55, MERRA, and ERA5. The results quantify amplitudes and trends in midlatitude traveling and quasi-stationary Rossby wave patterns as well as in the equatorial wave activity across scales. A statistically significant reduction of subseasonal variability is found in Rossby waves with zonal wavenumber k = 6 along with an increase in variability in wavenumbers k = 3–5 in the summer seasons of both hemispheres. The four reanalyses also agree regarding increased variability in the large-scale Kelvin waves, mixed Rossby–gravity waves, and westward-propagating inertio-gravity waves with the lowest meridional mode. The amplitude and sign of trends in inertia–gravity modes with smaller zonal scales and greater meridional modes differ between the ERA-Interim and JRA-55 datasets on the one hand and the ERA5 and MERRA data on the other. An increased variability in the ERA-Interim and JRA-55 accounts for positive trends in their total subseasonal variability.