In this article, we apply the Daftardar-Gejji and Jafari method (DJM) to solve the multispecies Lotka–Volterra equation. A comparison between the DJM, differential transformation method (DTM), the variational iteration method (VIM), and Adomian decomposition method (ADM) shows that the DJM is a reliable and powerful method for solving nonlinear equations. The efficiency and applicability of this method are confirmed by considering some examples. The proposed procedure provides better results in comparison to some existing methods.