Leaf senescence have shed light on its contribution to the recovery of nutrients and signaling of the transition from the active to the dormant stage in winter. The manner by which climatic and edaphic factors and plant phylogeny affect the senescent leaf economics spectrum (more mineral elements included) of different growth habits along elevational gradients in mountain ecosystems is highly uncertain. To fill this knowledge gap, we examined 15 representative subalpine forest species' senescent leaf functional traits (i.e., specific leaf area [SLA], leaf dry matter content [DMC], pH, carbon [C], nitrogen [N], phosphorus [P], potassium [K], calcium [Ca], sodium [Na], magnesium [Mg], manganese [Mn], aluminum [Al], iron [Fe], C:N, N:P, and C:P ratios) to determine the senescent leaf economics spectrum along elevational gradients in the Hengduan Mountains, China. Our results demonstrate that all the functional traits of senescent leaf showed strong correlations with one another, and K was observed as the hub for the leaf economics spectrum. Irrespective of the difference among growth habits (arbor vs. shrub), leaf habits (deciduous vs. evergreen), and leaf types (broad vs. needle), the variations in the two‐dimensional spectrum of the senescent leaf trait exhibited uniformly positive associations with elevation, primarily attributed to climatic drivers. However, the modulation of the senescent leaf economics spectrum by soil properties and plant phylogeny was surprisingly modest. Collectively, our results revealed that the resource trade‐off of senescent leaf showed a trend from acquisition to conservation along elevational gradients, which could broaden the plant economics spectrum to include senescent leaf.