The Arctic Ocean is an exceptional environment where hydrosphere, cryosphere, and atmosphere are closely interconnected. Changes in sea-ice extent and thickness affect ocean currents, as well as moisture and heat exchange with the atmosphere. Energy and water fluxes impact the formation and melting of sea ice and snow cover. Here, we present a comprehensive statistical analysis of the stable water isotopes of various hydrological components in the central Arctic obtained during the Multidisciplinary drifting Observatory for the Study of Arctic Climate (MOSAiC) expedition in 2019–2020, including the understudied Arctic winter. Our dataset comprises >2200 water, snow, and ice samples. Snow had the most depleted and variable isotopic composition, with d18O (–16.3%) increasing consistently from surface (–22.5%) to bottom (–9.7%) of the snowpack, suggesting that snow metamorphism and wind-induced transport may overprint the original precipitation isotope values. In the Arctic Ocean, isotopes also help to distinguish between different sea-ice types, and whether there is a meteoric contribution. The isotopic composition and salinity of surface seawater indicated relative contributions from different freshwater sources: lower d18O (approximately –3.0%) and salinities were observed near the eastern Siberian shelves and towards the center of the Transpolar Drift due to river discharge. Higher d18O (approximately –1.5%) and salinities were associated with an Atlantic source when the RV Polarstern crossed the Gakkel Ridge into the Nansen Basin. These changes were driven mainly by the shifts within the Transpolar Drift that carried the Polarstern across the Arctic Ocean. Our isotopic analysis highlights the importance of investigating isotope fractionation effects, for example, during sea-ice formation and melting. A systematic full-year sampling for water isotopes from different components strengthens our understanding of the Arctic water cycle and provides crucial insights into the interaction between atmosphere, sea ice, and ocean and their spatio-temporal variations during MOSAiC.