The diamondback squid, Thysanoteuthis rhombus, is the only currently accepted species within the family Thysanoteuthidae. In this study, the mitogenome of T. rhombus was sequenced using the Illumina NovaSeq 6000 platform. Features of the mitogenome were detected, and phylogenetic relationships among the Cephalopoda were reconstructed. Our results indicated that the mitogenome of T. rhombus had six duplicated genes and long non‐coding regions. The gene arrangement of T. rhombus was consistent with that of species belonging to Ommastrephidae. Moreover, the most gene rearrangement patterns were found in Oegopsida and Octopoda, whereas only one pattern was detected in Sepioidea. The mitogenome of Myopsida was highly rearranged among the four taxa. The phylogenetic relationship of T. rhombus + (((Dosidicus gigas + Sthenoteuthis oualaniensis) + Ommastrephes bartramii) + (Illex argentines + Todarodes pacificus)) was highly supported by both mitochondrial gene rearrangement analyses and all the phylogenetic analyses. Our study indicated that both gene sequences and arrangements may provide more information on the phylogeny and evolution of diverse mitogenomes in Cephalopoda and contribute to resolving contentious interclass relationships in the future.