The invention belongs to the technical field of medical instruments and particularly relates to a multifunctional handheld electric massager. In order to solve the problem that an existing massager with single functionality is inconvenient to operate, the multifunctional handheld electric massager provided herein comprises a handle; the bottom end of the handle is connected with an adjusting stud,the middle of the adjusting stud is sleeved with a top plate, a displacement positioning device is connected to the top of the top plate, the lower end of the adjusting stud is in threaded connectionwith an adjusting nut positioned below the top plate, two sides of the bottom of the top plate are provided with two slide grooves in symmetric distribution, sliders are slidably connected in the twoslide grooves respectively, a bearing support plate is connected to the bottoms of the sliders, and a positioning spindle that is vertically arranged is rotationally connected to the sliders and thebearing support plate. The multifunctional handheld electric massager has multiple functions, provides synchronization of massaging for surface skin and percussive stimulation for deep muscles, can provide multi-face multi-point simultaneous therapy, is convenient for a patient to operate, and can well meet the massaging needs of different parts of bodies different in form.