The invention discloses a treatment method of waste lithium iron phosphate. The method comprises the following steps of: pretreating a waste lithium iron phosphate material, adding the pretreated material into a phosphoric acid solution, performing reacting and then filtering to obtain a first filtrate and a first filter residue; adding sulfide into the first filtrate for reaction, and then performing filtering to obtain a second filtrate and a second filter residue; adding iron powder into the second filtrate, performing stirring to react, removing iron, adding battery-grade lithium carbonateinto the obtained iron-removed material, and performing stirring to react until no bubbles are generated so as to obtain a reaction material; adding the reaction material into a water-soluble organiccarbon source, performing stirring, dispersing and dissolving, and performing spray drying on the obtained material in a spray dryer to obtain a dried material; and putting the dried material into aroller way furnace, performing calcining, crushing, mixing and screening, removing iron, and carrying out vacuum packaging. According to the method, resource utilization of the waste lithium iron phosphate can be achieved, high-end circulation is achieved, the recovery rate of all elements is high, the waste water generation amount is small, and the obtained lithium iron phosphate is excellent inperformance.