The invention discloses a rolling mill for a three-layer compounded micro-profiled electric contact strip. The rolling mill comprises a paying-off part, a paying-off tension part, cleaning troughs, a compounding part, a cooling trough, a universal rolling part, a taking-up tension part and a taking-up part, wherein the paying-off part, the paying-off tension part, the cleaning troughs, the compounding part, the cooling trough, the universal rolling part, the taking-up tension part and the taking-up part are sequentially arranged. The paying-off part comprises a plurality of paying-off frames, the paying-off tension part comprises a plurality of tension control mechanisms, and the compounding part comprises a compounding body and a bidirectional rolling mechanism, wherein a plurality of wire inlet rails are arranged on the side, located at the cleaning troughs, of the compounding body, a wire guiding nozzle is arranged on the other side of the compounding body, and the bidirectional rolling mechanism is arranged on a wire outlet part of the wire guiding nozzle. The universal rolling part comprises a pair of horizontal rollers and a pair of vertical rollers, and the number of the paying-off frames is smaller than that of the tension control mechanisms. The compounded strip rolled by the rolling mill is good in surface quality and high in bonding strength, the strip is compounded laterally in three layers, the process is continuous and compact, and adjustment is easy and convenient.