The usefulness and importance of histological techniques in reproductive studies have been widely discussed for gonochoristic fish species. In the case of hermaphroditic fishes, histology is a particularly important tool for the proper identification of sexual pattern (i.e., sequential, simultaneous, or nonfunctional hermaphroditism). We used a histological approach to describe hermaphroditism, dynamics of follicle development, and spawning patterns in three species from the northwestern Mediterranean Sea (Balearic Islands, Spain): the Mediterranean rainbow wrasse Coris julis (sequential hermaphrodite), painted comber Serranus scriba (simultaneous hermaphrodite), and annular sea bream Diplodus annularis (nonfunctional hermaphrodite). Development of secondary growth follicles was asynchronous in all three species, and similar peaks in spawning activity occurred between May and July. However, notable differences in sexual cycle and egg production were found. For the painted comber, hydrated follicles were present in ovarian tissue almost every day during the peak of the spawning season, suggesting daily spawning and increasing the chances of autofertilization unless a mechanism to avoid this action is present in this species. Intersexual Mediterranean rainbow wrasses were identified, and the size and age at sex change were estimated to be 132 mm total length and 4 years, respectively. Previous investigators have concluded that the annular sea bream is a protandric hermaphrodite, but our results indicate nonfunctional hermaphroditism. These three species are of little commercial interest and are considered to be bycatch by the artisanal fleet, but they are vulnerable to the impacts of some recreational angling activities. Currently, no specific management plan has been developed for these species. We address the importance of describing sexual pattern and its implications for future conservation efforts.