Foraminifers are widespread, highly abundant protists and active participants in marine carbon cycling. Their biomass might represent almost half of the total meiobenthic biomass in the deep sea. Foraminiferal biomass is frequently assessed through geometric models and biovolume estimates due to its non-destructive nature, which allows estimates of individuals from palaeoecological, museum, and living samples. To increase the accuracy of foraminiferal biovolume and biomass assessment we evaluate and propose geometric models for 207 foraminiferal taxa and the species’ average cell occupancy of the test. Individual test dimensions were measured to calculate volume (µm³), and the percent of cell occupancy (PCO) of the test was measured to assess the biovolume (µm³). These data were converted into individual biomass measurements (µg Corg ind−1). Our high intra‐ and interspecific PCO variance suggest that a mean PCO for each species represents the natural variability of occupancy more accurately than a predetermined fixed percentage for the whole assemblage, as previously asserted in the literature. Regression equations based on the relationship between test dimensions and volumes are presented. The geometric models, the PCO adjustment, and the equations will reduce time, effort, and discrepancies in foraminiferal biovolume and biomass assessments. Therefore, these results can improve the use and reliability of foraminiferal biomass in the future, facilitating its use in (1) distinct approaches including carbon flux estimations, (2) determining the effects of climate change on the marine trophic webs, and (3) environmental monitoring programs.