We introduce a linear algebraic object called a bidiagonal triple. A bidiagonal triple consists of three diagonalizable linear transformations on a finite-dimensional vector space, each of which acts in a bidiagonal fashion on the eigenspaces of the other two. The concept of bidiagonal triple is a generalization of the previously studied and similarly defined concept of bidiagonal pair. We show that every bidiagonal pair extends to a bidiagonal triple, and we describe the sense in which this extension is unique. In addition we generalize a number of theorems about bidiagonal pairs to the case of bidiagonal triples. In particular we use the concept of a parameter array to classify bidiagonal triples up to isomorphism. We also describe the close relationship between bidiagonal triples and the representation theory of the Lie algebra sl2 and the quantum algebra Uq(sl2).