The invention discloses an iron-based amorphous alloy composite material. The composition of the iron-based amorphous alloy composite material is: FeaAlbGacY3-dVdInxCoyBzSir, wherein a, b, c, d, x, y, z, r are atomic percentages , 70≤a≤76, 3≤b≤5, the value of c is 0 or 2, 0≤d≤3, 0≤x≤1.86, 8≤Co≤10, the value of z is 4 or 8, 0≤r ≤3. The iron-based amorphous alloy composite material of the present invention has excellent high plasticity and soft magnetic properties, its saturation magnetic induction reaches Bs=1.73T, and the density of the bulk amorphous alloy composite material prepared by powder metallurgy reaches 98.7%, the strength is as high as 2.08GPa, the mechanical properties are good, and can meet the needs of the industry. At the same time, the iron-based amorphous alloy composite material of the present invention does not contain expensive rare earth elements, and the demand for the only relatively expensive indium element is also very small, so its The manufacturing cost is not high, the process is not complicated, and it is easy to realize commercial production.