Mechanical signals are important regulators of skeletal homeostasis and strain-induced oscillatory fluid flow is a potent mechanical stimulus. While the mechanisms by which osteoblasts and osteocytes respond to fluid flow are being elucidated, little is known about the mechanisms by which bone marrow-derived mesenchymal stem cells respond to such stimuli. Here, we show the intracellular signaling cascades activated in human mesenchymal stem cells by fluid flow are similar to those activated in osteoblastic cells. Oscillatory fluid flow inducing shear stresses of 5, 10, and 20dynes/cm² triggered rapid, flow rate-dependent increases in intracellular calcium that pharmacological studies suggest are IP₃-mediated. The application of fluid flow also induced the phosphorylation of extracellular-signal regulated kinase-1 and -2 as well as the activation of the calcium-sensitive protein phosphatase calcineurin in mesenchymal stem cells. Activation of these signaling pathways combined to induce a robust increase in cellular proliferation. These data suggest that mechanically-induced fluid flow not only regulates osteoblastic behavior but also that of mesenchymal precursors, implying that the observed osteogenic response to mechanical loading may be mediated by alterations in the cellular behavior of multiple members of the osteoblast lineage, perhaps by a common signaling pathway.