The invention discloses an iron-based amorphous thin strip, wherein the composition of the iron-based amorphous thin strip is calculated by atomic percentage, and its chemical composition is expressed as FeaSibBcCdAle, wherein a, b, c, d, e The atomic percent contents are respectively: 76≤a≤85, 3≤b≤10, 7≤c≤13, 0.01≤d≤2, 0.01≤e≤1, and a+b+c+d+e=100. c+d is preferably 10.5-14, c+e is preferably 9.5-12.5, and its chemical composition expression is preferably Fe80Si9B9C1.5Al0.5 or Fe80Si9B10C0.5Al0.5. The saturation magnetic induction Bs of the iron-based amorphous strip is not less than 1.5T. And it can show low yield strength, and it can be bent at 180° without breaking during the process of elastic deformation. The invention has excellent soft magnetic performance and low manufacturing cost, and the prepared iron-based amorphous strip has good toughness and large width. It can be completely used as a replacement material for the iron core of an intermediate frequency transformer, and is suitable for large-scale manufacturing.