The phytochemical analysis of chloroform extract of the medicinal plant Gomphrena serrata was investig ated. The qualitative phytochemical screening reported the pr esence of carbohydrates, glycosides, aminoacids, ph ytosterols, flavonoids, phenolics and terpenoids. The compound oleuropein isolated from Gomphrena serrata has been found earlier in Olive tree and other plant species, and our results further substantiated its structure. To the best of our knowledge oleuropein was isolated for the first tim e from Gomphrena serrata.