Global quasi-biennial variation in the lower stratosphere and tropopause region is studied using 41 years (1958--1998) of reanalyses from the National Centers for Environmental Prediction (NCEP). Horizontal wind, temperature, geopotential height, tropopause temperature and pressure fields are used. A new quasi-biennial oscillation (QBO) indexing method is presented, which is based on the zonal mean zonal wind shear anomaly at the equator and is compared to the Singapore index. A phase difference composting technique provides snapshots of the QBO meridional-vertical structure as it descends, and composite phases provide a look at its time progression. Via binning large amounts of data, the first observation-based estimate of the QBO meridional circulation is obtained. High-latitude QBO variability supports previous studies that invoke planetary wave-mean flow interaction as an explanation. The meridional distribution of the range in QBO zonal wind is compared with the stratospheric annual cycle, with the annual cycle dominating poleward of ~12¿ latitude but still being significant in the deep tropics. The issues of temporal shear zone asymmetries and phase locking with the annual cycle are critically examined. Subtracting the time mean and annual cycle removes ~2/3 of the asymmetry in wind (and wind shear) zone descent rate. The NCEP data validate previous findings that both the easterly and westerly QBO anomalous wind regimes in the lower stratosphere change sign preferentially during northern summer. It is noteworthy that the NCEP QBO amplitude and the relationships among the reanalysed zonal wind, temperature, and meridional circulation undergo a substantial change around 1978. ¿ 2001 American Geophysical Union