Hydrothermal venting often occurs at submarine volcanic calderas on island arc chains, typically at shallower depths than mid-ocean ridges. The effect of these systems on ocean biogeochemistry has been under-investigated to date. Here we show that hydrothermal effluent from an island arc caldera was rich in Fe(III) colloids (0.02 – 0.2 µm; 46% of total Fe), contributing to a fraction of hydrothermal Fe that was stable in ocean water. Iron(III) colloids from island arc calderas may be transferred into surrounding waters (generally 0-1500 m depth) by ocean currents, thereby potentially stimulating surface ocean primary productivity. Hydrothermal Fe oxy-hydroxide particles (>0.2 µm) were also pervasive in the studied caldera and contained high concentrations of oxyanions of phosphorus (P), vanadium (V), arsenic (As), and manganese (Mn). Hydrothermal island arcs may be responsible for > 50% of global hydrothermal P scavenging and > 40% V scavenging, despite representing <10% of global hydrothermal fluid flow.