The Paleocene (IPA: /ˈpæli.əsiːn, -i.oʊ-, ˈpeɪli-/ PAL-ee-ə-seen, -⁠ee-oh-, PAY-lee-), or Palaeocene, is a geological epoch that lasted from about 66 to 56 Ma (million years ago). It is the first epoch of the Paleogene Period in the modern Cenozoic Era. The name comes from Ancient Greek παλαιός (palaiós), meaning "old", and καινός (kainós), meaning "new", translating to "the old part of the Eocene".

The epoch is bracketed by two major events in Earth's history. The K–Pg extinction event, brought on by an asteroid impact (Chicxulub impact) and possibly volcanism (Deccan Traps), marked the beginning of the Paleocene and killed off 75% of species, most famously the non-avian dinosaurs. The end of the epoch was marked by the Paleocene–Eocene Thermal Maximum (PETM), which was a major climatic event wherein about 2,500–4,500 gigatons of carbon were released into the atmosphere and ocean systems, causing a spike in global temperatures and ocean acidification.

In the Paleocene, the continents of the Northern Hemisphere were still connected via some land bridges; and South America, Antarctica, and Australia had not completely separated yet. The Rocky Mountains were being uplifted, the Americas had not yet joined, the Indian Plate had begun its collision with Asia, and the North Atlantic Igneous Province was forming in the third-largest magmatic event of the last 150 million years. In the oceans, the thermohaline circulation probably was much different from what it is today, with downwellings occurring in the North Pacific rather than the North Atlantic, and water density mainly being controlled by salinity rather than temperature.

The K–Pg extinction event caused a floral and faunal turnover of species, with previously abundant species being replaced by previously uncommon ones. In the Paleocene, with a global average temperature of about 24–25 °C (75–77 °F), compared to 14 °C (57 °F) in more recent times, the Earth had a greenhouse climate without permanent ice sheets at the poles, like the preceding Mesozoic. As such, there were forests worldwide—including at the poles—but they had low species richness in regards to plant life, and were populated by mainly small creatures that were rapidly evolving to take advantage of the recently emptied Earth. Though some animals attained great size, most remained rather small. The forests grew quite dense in the general absence of large herbivores. Mammals proliferated in the Paleocene, and the earliest placental and marsupial mammals are recorded from this time, but most Paleocene taxa have ambiguous affinities. In the seas, ray-finned fish rose to dominate open ocean and recovering reef ecosystems.

The word "Paleocene" was first used by French paleobotanist and geologist Wilhelm Philipp Schimper in 1874 while describing deposits near Paris (spelled "Paléocène" in his treatise). By this time, Italian geologist Giovanni Arduino had divided the history of life on Earth into the Primary (Paleozoic), Secondary (Mesozoic), and Tertiary in 1759; French geologist Jules Desnoyers had proposed splitting off the Quaternary from the Tertiary in 1829; and Scottish geologist Charles Lyell (ignoring the Quaternary) had divided the Tertiary Epoch into the Eocene, Miocene, Pliocene, and New Pliocene (Holocene) Periods in 1833. British geologist John Phillips had proposed the Cenozoic in 1840 in place of the Tertiary, and Austrian paleontologist Moritz Hörnes had introduced the Paleogene for the Eocene and Neogene for the Miocene and Pliocene in 1853. After decades of inconsistent usage, the newly formed International Commission on Stratigraphy (ICS), in 1969, standardized stratigraphy based on the prevailing opinions in Europe: the Cenozoic Era subdivided into the Tertiary and Quaternary sub-eras, and the Tertiary subdivided into the Paleogene and Neogene Periods. In 1978, the Paleogene was officially defined as the Paleocene, Eocene, and Oligocene Epochs; and the Neogene as the Miocene and Pliocene Epochs. In 1989, Tertiary and Quaternary were removed from the time scale due to the arbitrary nature of their boundary, but Quaternary was reinstated in 2009.

The term "Paleocene" from Ancient Greek παλαιός (palaiós), meaning "old", and καινός (kainós), meaning "new", specifically from "Eocene", and so means "the old part of the Eocene". The Eocene, in turn, is derived from Ancient Greek Ἠώς (Ēṓs), meaning "dawn", and καινός (kainós), meaning "new", as the epoch saw the dawn of recent, or modern, life. Paleocene did not come into broad usage until around 1920. In North America and mainland Europe, the standard spelling is "Paleocene", whereas it is "Palaeocene" in the UK. Geologist T. C. R. Pulvertaft has argued that the latter spelling is incorrect because this would imply either a translation of "old recent" or a derivation from "pala" and "Eocene", which would be incorrect because the prefix palæo- uses the ligature æ instead of "a" and "e" individually, so only both characters or neither should be dropped, not just one.

The Paleocene Epoch is the 10 million year time interval directly after the K–Pg extinction event, which ended the Cretaceous Period and the Mesozoic Era, and initiated the Cenozoic Era and the Paleogene Period. It is divided into three ages: the Danian spanning 66 to 61.6 Ma, the Selandian spanning 61.6 to 59.2 Ma, and the Thanetian spanning 59.2 to 56 Ma. It is succeeded by the Eocene.

The K–Pg boundary is clearly defined in the fossil record in numerous places around the world by a high-iridium band, as well as discontinuities with fossil flora and fauna. It is generally thought that a 10 to 15 km (6 to 9 mi) wide asteroid impact, forming the Chicxulub Crater in the Yucatán Peninsula in the Gulf of Mexico, and Deccan Trap volcanism caused a cataclysmic event at the boundary resulting in the extinction of 75% of all species.