We report the detection of a $78.1pm0.5$ day period in the X-ray lightcurve of the extreme ultraluminous X-ray source NGC 5907 ULX1 ($L_{rm{X,peak}}sim5times10^{40}$ erg s$^{-1}$), discovered during an extensive monitoring program with Swift. These periodic variations are strong, with the observed flux changing by a factor of $sim$3-4 between the peaks and the troughs of the cycle; our simulations suggest that the observed periodicity is detected comfortably in excess of 3$sigma$ significance. We discuss possible origins for this X-ray period, but conclude that at the current time we cannot robustly distinguish between orbital and super-orbital variations.
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