This study aimed to describe the gonadal histology and the reproductive cycle of Crassostrea brasiliana in the mangroves of Guaratuba Bay in southern Brazil. Adults were collected monthly from January 2010 to April 2011 from three sampling sites in intertidal oyster beds. The animals were evaluated using biometric and histological analyses of the gonads. The gonadal tissue samples were processed according to the standard histological procedures, and permanent slides were prepared using Harris' haematoxylin and eosin. The oysters were identified at the species level using a molecular protocol. Females (69%) predominated over males (26%), with 4% indeterminate and 1% hermaphroditic. Mature females were more prevalent in February, March and December 2010 and in March 2011. Mature males were more prevalent in February and April 2010 and in March 2011. The presence of hermaphroditic individuals was sporadic, and oysters in immature stages or sexual repose were observed in only a few collections between the months of May and October 2010. The reproduction of C. brasiliana in Guaratuba Bay occurs intermittently, but with greater intensity during the summer, with a larger number of females produced.