The third generation of the radiative flux profile data product, called ISCCP-FH, is described. The revisions over the previous generation (called ISCCP-FD) include improvements in the radiative model representation of gaseous and aerosol effects, as well as a refined statistical model of cloud vertical layer variations with cloud types, and increased spatial resolution to 110 km. The new product benefits from the changes in the new H-version of the ISCCP cloud products (called ISCCP-H): higher spatial resolution, revised radiance calibration and treatment of ice clouds, treatment of aerosol effects, and revision of all the ancillary atmosphere and surface property products. The ISCCP-FH product is evaluated against more direct measurements from the Clouds and the Earth’s Radiant Energy System and the Baseline Surface Radiation Network products, showing some small, overall reductions in average flux uncertainties; but the main results are similar to ISCCP-FD: the ISCCP-FH uncertainties remain ≲ 10 Wm^-2 at the top-of-atmosphere (TOA) and ≲ 20 Wm^-2 at surface for monthly, regional averages. The long-term variations of TOA, surface and in-atmosphere net fluxes are documented and the possible transient cloud feedback implications of a long-term decline of clouds are investigated. The cloud and flux variations from 1998 to 2012 suggest a positive cloud-radiative feedback on the oceanic circulation and a negative feedback on the atmospheric circulation. This example demonstrates that the ISCCP-FH product can provide useful diagnostic information about weather-to-interannual scale variations of radiation induced by changes in cloudiness as well as atmospheric and surface properties.