Here, we compare the ocean overturning circulation of the early Eocene (47–56 Ma) in eight coupled climate model simulations from the Deep-Time Model Intercomparison Project (DeepMIP) and investigate the causes of the observed inter-model spread. The most common global meridional overturning circulation (MOC) feature of these simulations is the anticlockwise bottom cell, fed by sinking in the Southern Ocean. In the North Pacific, one model (GFDL) displays strong deepwater formation and one model (CESM) shows weak deepwater formation, while in the Atlantic two models show signs of weak intermediate water formation (MIROC and NorESM). The location of the Southern Ocean deepwater formation sites varies among models and relates to small differences in model geometry of the Southern Ocean gateways. Globally, convection occurs in the basins with smallest local freshwater gain from the atmosphere. The global MOC is insensitive to atmospheric CO2 concentrations from 1× (i.e., 280 ppm) to 3× (840 ppm) pre-industrial levels. Only two models have simulations with higher CO2 (i.e., CESM and GFDL) and these show divergent responses, with a collapsed and active MOC, respectively, possibly due to differences in spin-up conditions. Combining the multiple model results with available proxy data on abyssal ocean circulation highlights that strong Southern Hemisphere-driven overturning is the most likely feature of the early Eocene. In the North Atlantic, unlike the present day, neither model results nor proxy data suggest deepwater formation in the open ocean during the early Eocene, while the evidence for deepwater formation in the North Pacific remains inconclusive.