Suppose that we choose three points independently and uniformly at random on the surface of a unit sphere as the vertices of a triangle, and consider the area of this triangle. Call this random variable $X$.
The area of such a triangle is the sum of its angles minus $\pi$, so by linearity of expectation the expected value of $X$ is just $3q-\pi$, where $q$ is the expected value of one of the angles. But by symmetry we can fix one point to be at the north pole and the other to lie on the Prime Meridian, from which it is obvious that the angle distribution is uniform on $[0,\pi]$. Thus $\mathbb{E}[X]=\pi/2$, or one-eighth of the sphere's area.
However, because the angles are not independent (they cannot sum to less than $\pi$, for instance), we cannot use this sort of logic to easily infer the values of the second and third moments of this distribution.
After gathering some numerical data, it appears that $\mathbb{E}[X^2]=\frac{\pi^2}2$, but I am not sure how to prove this. (Note that this is equivalent to the statement that the standard deviation of $X$ is $\pi/2$, which may be easier to show?)
I also have $\mathbb{E}[X^3]\approx 20.36$, or that the third moment of $X$ is approximately $4.86$ (either can be inferred from the other, given lower-order moments - they should differ by $\pi^3/2$). I haven't found any particularly nice formulas that match either of these values, though I'm not sure about the last digit in either of these estimates.
In general, what is $\mathbb{E}[X^n]$ or $\mathbb{E}[(X-\frac{\pi}2)^n]$? If any of the values are open, has it been discussed in the literature? Is there a nice geometric argument for $\mathbb{E}[X^2]$?
Edit: Here is a histogram of the area distribution from $1000000$ samples. Interestingly, it seems not to decay to $0$ at the upper bound of $2\pi$.



![[diagram]](https://i.stack.imgur.com/CBOyo.png)
I'll confess some frustration with this answer, because I can quote various sources on this but not verify them readily for myself.
The major result to quote is the probability density for the area $x\in [0,2\pi]$ of a spherical triangle:
$$f_X(x)=-\frac{(x^2−4\pi x+3\pi^2−6)\cos(x)−6(x−2\pi)\sin(x)−2(x^2−4\pi x+3\pi^2+3)}{16\pi \cos(x/2)^4}.$$
This formula apparently goes back to at least 1867, appearing as problem 2370 in Mathematical Questions and Solutions from the “Educational Times” : It was proposed by M.W. Crofton and solved the pseudonymous "Exhumatus". This is available via Google Books here (p. 21-23). Finch and Jones 2010 review Exhumatus's approach; see also the discussion of Case 2 random spherical triangles in Philip 2015. Interestingly, there doesn't seem to be a direct derivation of the above formula from the trivariate density for the three angles (which is known.)
With this density in hand, one may use Mathematica to verify that the PDF is properly normalized and that
$$\mathbb E[X]=\frac{\pi}{2},\quad \mathbb E[X^2]=\frac{\pi^2}{2},\quad \mathbb{E}[(X-\pi/2)^2]=\frac{\pi^2}{4}$$ in agreement with the OP. Mathematica seems to struggle with finding closed-forms for the higher moments but does obtain
\begin{array}{ll} \mathbb{E}[X^3]=\frac32 \pi^3-12\pi \ln 2\approx 20.3784, &\mathbb{E}[(X-\pi/2)^3]=\pi^3-12\pi \ln 2,\\ \mathbb{E}[X^4]=4 \pi^4-24 \pi^2 \ln 2-\zeta(3) \approx 95.6281, &\mathbb{E}[(X-\pi/2)^4]=\frac{25}{16}\pi^4-108\zeta(3)\\ \mathbb{E}[X^5]=10 \pi^5-120 \pi^3 \ln 2 \approx 481.167, &\mathbb{E}[(X-\pi/2)^5]=\frac{13}{4}\pi^5 -90\pi^3 \ln 2+270\zeta(3)\\ \end{array} and so forth. At this point computing the central moments becomes too laborious for my sessions of Wolfram Cloud, but the next few non-central moments are
\begin{align} \mathbb{E}[X^6]&=24 \pi ^6-480 \pi^4 \ln 2-180 \pi^2 \zeta(3)+13500 \zeta(5)\\&\approx 2527.33 ,\\ \mathbb{E}[X^7]&=56 \pi^7-1680 \pi^5 \ln 2+1260 \pi^3\zeta(3)+47250 \pi \zeta(5)\\&\approx 13664.1 ,\\ \mathbb{E}[X^8]&=128 \pi^8-5376 \pi^6 \ln 2+12096 \pi^4 \zeta(3)+264600 \pi^2 \zeta(5)-1666980 \zeta(7)\\&\approx 75422.4,\\ \mathbb{E}[X^9]&=288 \pi^9-16128 \pi^7 \ln 2+66528 \pi^5 \zeta(3)+1020600 \pi^3 \zeta(5)-10001880 \pi \zeta(7)\\&\approx 422860.,\\ \mathbb{E}[X^{10}]&=640 \pi^{10}-46080 \pi^8 \ln 2+293760 \pi^6\zeta(3)+3175200 \pi^4 \zeta(5)-67869900 \pi^2 \zeta(7)+260253000 \zeta(9) \\&\approx 2399821.43. \end{align} I'm not sure how much farther this can be pushed using Wolfram Cloud. The best route would be to determine some generating function like $\mathbb{E}[e^{tX}]$ or some other convenient $\mathbb{E}[f(tX)]$, but I haven't succeeded in obtaining such.
As a last point of agreement with the OP, the density does not vanish at $x=2\pi$: $$f_X(2\pi)=-\frac{(-\pi^2-6)-2(-\pi^2+3)}{16\pi}=\frac{3}{4\pi}-\frac{\pi}{16}\approx 0.0424. $$ This seems in good agreement with the histogram obtained by the OP. My own intuitive explanation for this is that the area is nearly maximized occurs when the vertices lie near some common great circle, and there are "many" ways to form such triangles. Thus there's no reason for the probability density to vanish as $x\to 2\pi$.