The Molly carries the scientific name Poecilia sphenops, with the species epithet derived from Greek words meaning wedge-shaped face, describing the pointed head profile characteristic of the species. This designation encompasses what aquarists commonly call the Common Molly or Short-fin Molly, distinguishing it from related species often sold under similar names in the aquarium trade.
The aquarium trade recognizes several species under the general "molly" designation, creating nomenclature confusion. Poecilia sphenops represents the true Common Molly, while Poecilia latipinna (Sailfin Molly) and Poecilia velifera (Yucatan Molly) contribute genes to many commercial varieties. Most aquarium mollies represent hybrids between these species, selected for desirable color and fin characteristics.
Popular variety names describe color patterns and include Black Molly, Gold Molly, Dalmatian Molly, Marble Molly, and Silver Molly among many others. The Black Molly, displaying solid jet-black coloration, ranks among the most popular aquarium fish worldwide. Balloon Mollies feature a compressed, rounded body shape resulting from selective breeding for a spinal deformity.
The family Poeciliidae contains all livebearing toothcarps including guppies, platies, and swordtails alongside mollies. This family's defining characteristic involves internal fertilization and live birth rather than egg-laying. The name "molly" likely derives from the former genus name Mollienesia, which has been consolidated into Poecilia but persists in common usage.
