Recent discoveries from time-domain surveys are defying our expectations for how matter accretes onto supermassive black holes (SMBHs). The increased rate of short-timescale, repetitive events around SMBHs, including the recently discovered quasi-periodic eruptions1–5, are garnering further interest in stellar-mass companions around SMBHs and the progenitors to millihertz-frequency gravitational-wave events. Here we report the discovery of a highly significant millihertz quasi-periodic oscillation (QPO) in an actively accreting SMBH, 1ES 1927+654, which underwent a major optical, ultraviolet and X-ray outburst beginning in 20186,7. The QPO was detected in 2022 with a roughly 18-minute period, corresponding to coherent motion on a scale of less than 10 gravitational radii, much closer to the SMBH than typical quasi-periodic eruptions. The period decreased to 7.1 minutes over 2 years with a decelerating period evolution ( \(\ddot{P}\) greater than zero). To our knowledge, this evolution has never been seen in SMBH QPOs or high-frequency QPOs in stellar-mass black holes. Models invoking orbital decay of a stellar-mass companion struggle to explain the period evolution without stable mass transfer to offset angular-momentum losses, and the lack of a direct analogue to stellar-mass black-hole QPOs means that many instability models cannot explain all of the observed properties of the QPO in 1ES 1927+654. Future X-ray monitoring will test these models, and if it is a stellar-mass orbiter, the Laser Interferometer Space Antenna (LISA) should detect its low-frequency gravitational-wave emission.
