Two 7‐week feeding trials were conducted to evaluate the capacity of golden pompano (Trachinotus ovatus) to use soy protein concentrate (SPC) as a dietary fish meal substitute. In trial I, fish were fed with a control diet (C) containing 400 g kg−1 fish meal and other four diets in which the fish meal in diet C was replaced by SPC at 20 (R20), 40 (R40), 60 (R60) and 80% (R80). In trial II, a 3 × 2 design was used, and 40 and 80% of the fish meal in diet C were replaced by SPC, with or without 5 g kg−1 taurine supplementation (six diets, C + T, R40 + T, R80 + T, C, R40 and R80, were formulated). In trial I, no significant difference was found in the feed intake between feeding treatments. The weight gain and nitrogen retention efficiency (NRE) decreased, whereas the feed conversion ratio (FCR) and phosphorus retention efficiency (PRE) increased, with decreasing dietary levels of fish meal. No significant differences were found in the weight gain, FCR and NRE between fish fed diets C and R20, whereas fish fed diets C and R20 had higher weight gain than those fed diets R40, R60 and R80. In trial II, no significant differences were found in the feed intake, weight gain, FCR, NRE and PRE between fish fed diets C + T and C. No significant differences were found in the feed intake, weight gain and NRE between fish fed diets R40 and R40 + T or between fish fed diets R80 and R80 + T. At the end of trial II, no significant differences were found in the condition factor, hepatosomatic index and body composition between fish fed diets C and C + T, or between fish diets R40 and R40 + T, or between fish fed diets R80 and R80 + T, except that fish fed diet R40 had lower body protein content than that of fish fed diet R40 + T. The present study reveals that taurine supplementation can elevate fish meal replacement level by SPC in the golden pompano diets. Fish meal can be reduced from 400 to 320 g kg−1, if fish meal is substituted by SPC without taurine supplementation, and can be further reduced to 240 g kg−1, if fish meal is substituted by SPC with 5 g kg−1 taurine supplementation.