Abstract:[Background] Paeonia delavayi has a long growth period and is susceptible to a variety of diseases. It is urgent to find a safe, eco-friendly, and efficient method for promoting the growth and enhancing the disease resistance of P. delavayi. [Objective] To identify four dominant endophytic Trichoderma strains of P. delavayi and examine their functions of promoting plant growth and inhibiting plant pathogens. [Methods] Molecular phylogenetic analysis and morphological observation were employed to identify the four endophytic Trichoderma strains from P. delavayi. Qualitative and quantitative methods were used to determine the phosphorus-solubilizing, potassium-solubilizing, indole-3-acetic acid (IAA)-producing, and siderophore-producing activities of the four strains. The plate confrontation method was employed to determine the inhibitory effects of the four strains on the main pathogenic fungi of P. delavayi. [Results] The four endophytic Trichoderma strains were identified as T. tomentosum, T. orientale, T. gamsii, and T. paraviridescens. T. gamsii had the ability to solubilize phosphorus, with the phosphorus-solubilizing activity of 14.89 mg/L. T. gamsii and T. orientale had the ability to solubilize potassium, with the potassium-solubilizing activities of 24.16 mg/L and 26.32 mg/L, respectively. T. paraviridescens and T. orientale had nitrogen-fixing activity. Furthermore, T. gamsii had the ability to produce IAA and siderophores, with the IAA production of 51.92 mg/L and the siderophore content of 56.70%. The inhibition rates of T. gamsii on Alternaria alternata, Collectorichum sp., and Cladosporium sp. were 52.24%, 44.23%, and 31.78%, respectively, which were significantly higher than those of the other three Trichoderma strains. [Conclusion] T. tomentosum, T. orientale, T. gamsii, and T. paraviridescens could promote plant growth and inhibit plant pathogens. Among them, T. gamsii had the abilities to solubilize phosphorus and potassium, produce IAA and siderophores, and inhibit plant pathogens, serving as an ideal functional potential strain.