The current study explored changes in functional and aesthetic body satisfaction among Australian adolescents over a year. Data were collected from 1,342 Australian adolescents (567 males, 775 females) across two grade cohorts (Grades 8 and 10) at Wave 1 (W1; mean age = 13.7) and again 12 months later at Wave 2 (W2). Participants' functional and aesthetic body satisfaction, body mass index (BMI), and relative pubertal timing were measured. Body image change was explored across both grade cohort and gender, controlling for differences in BMI change and relative pubertal timing. Females reported lower overall (functional and aesthetic) body satisfaction than males. Participants reported higher functional and aesthetic body satisfaction at W1 than W2. Although both males and females reported a significant decrease in body satisfaction over the 12‐month period, this decrease was stronger among female participants. †Cohort differences were also found with older adolescents reporting lower functional body satisfaction.