Abstract Global mean sea level (GMSL) rise has accelerated over the last three decades, with satellite altimetry indicating an acceleration of 0.07 ± 0.03 mm/yr2 over 1993–2023. However, the specific contributions of Greenland and Antarctica to this acceleration budget have remained insufficiently quantified. We extend satellite gravimetry estimates of Greenland and Antarctica ice mass changes back to 1993, enabling a comprehensive 31‐year assessment of their contributions to GMSL acceleration and providing an independent record for cross‐validation with other observational and modeling data sets. Ice mass loss has accelerated by −8.5 ± 4.0 Gt/yr2 for Greenland and −4.6 ± 1.3 Gt/yr2 for Antarctica from 1993 to 2023. These results are consistent across multiple data sets and collectively account for 51% of the observed GMSL acceleration. Mountain glaciers contribute an additional 0.01 mm/yr2 to GMSL acceleration, bringing the total land ice contribution to 0.05 ± 0.01 mm/yr2 and thereby partially closing the budget.