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Macroalgae‐dominated reefs are a prominent habitat in tropical seascapes that support a diversity of fishes, including fishery target species. To what extent, then, do macroalgal habitats contribute to small‐scale tropical reef fisheries? To address this question we: (1) Quantified the macroalgae‐associated fish component in catches from 133 small‐scale fisheries, (2) Compared life‐history traits relevant to fishing (e.g. growth, longevity) in macroalgal and coral‐associated fishes, (3) Examined how macroalgae‐associated species can influence catch diversity, trophic level and vulnerability and (4) Explored how tropical fisheries change with the expansion of macroalgal habitats using a case study of fishery‐independent data for Seychelles. Fish that utilised macroalgal habitats comprise 24% of the catch, but very few fished species relied entirely on macroalgal or coral habitats post‐settlement. Macroalgal and coral …