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Black swans are improbable events that nonetheless occur—often with profound consequences. Such events drive important transitions in social systems (e.g., banking collapses) and physical systems (e.g., earthquakes), and yet it remains unclear the extent to which ecological population numbers buffer or suffer from such extremes. Here, we estimate the prevalence and direction of black-swan events (heavy-tailed process noise) in 609 animal populations after accounting for population dynamics (productivity, density dependence, and typical stochasticity). We find strong evidence for black-swan events in 4% of populations. These events occur most frequently for birds (7%), mammals (5%), and insects (3%) and are not explained by any life-history covariates but tend to be driven by external perturbations such as climate, severe winters, predators, parasites, or the combined effect of multiple factors. Black-swan …