Patterns of interspecific and intraspecific variation were investigated on samples of postembryos, juveniles, and adults of the two species of the osteoglossid genus Osteoglossum (O. bicirrhosum and O. ferreirai). Twenty-two morphometric characters were analyzed, utilizing principal component analysis (PCA) that discriminate ontogenetic classes and between species. The results showed differences in both categories. Morphometric characters related to dorsal and anal fin lengths proved to be the most important in taxonomic recognition. The comparison of growth trajectories for these characters showed that growth offset for O. bicirrhosum overlaps with growth onset for O. ferreirai, which may be indicative of a peramorphic morphology in the latter species.