Objective To explore the regulatory mechanism of Trichoderma harzianum T9131 on the growth promotion of Astragalus membranaceus seedlings and provide a theoretical basis for T9131 to increase the yield of A. membranaceus. Method The A. membranaceus seedlings grown for 30 d were treated by root irrigation with T. harzianum T9131 spores suspension. Samples were taken from the roots of the A. membranaceus seedlings at 0, 24 h, 48 h and 45 d after root irrigation, and the plant height, root length and fresh weight of the A. membranaceus seedlings at 45 d were determined. Transcriptome libraries were constructed at three time points of 0, 24 and 48 h by RNA-Seq. Differentially expressed genes (DEGs) in the three comparison groups (T_24 h vs T_0 h, T_48 h vs T_0 h, and T_48 h vs T_24 h) were obtained by using DESeq2 software. Venn analysis was conducted on the three groups of DEGs to clarify that the three groups had a total of DEGs. KEGG enrichment analysis was performed on the common DEGs to screen the growth-promoting related genes, and the expression of growth-promoting-related genes in A. membranaceus seedlings in the early stage after 45 d of induction with T9131 and induction with exogenous hormone ABA was analyzed by RT-qPCR. The contents of 15 hormones in the root samples at 0 h, 48 h and 45 d were determined by the LC-MS/MS method. Result T9131 could significantly promote the plant height and fresh weight of A. membranaceus seedlings.Transcriptome analysis of A. membranaceus seedlings induced by T9131 indicated that there were 149 differentially expressed genes in the three comparison groups. KEGG enrichment pathway analysis showed that the pathways related to growth promotion mainly included terpenoid backbone biosynthesis, carotenoid biosynthesis, diterpenoid biosynthesis, cyanoamino acid metabolism, zeatin biosynthesis, and plant hormone signal transduction. The gene types enriched in the pathway include HMGR, CYP707A2, GA2ox2, E3.2.1.21, UGT73C6, PYL4, GH3.1, and JAZ, totaling 14 genes. Except for the gene UGT73C6 (DN24891_c1_g1) down-regulated by T9131 induction, the remaining genes were all up-regulated in expression. Fourteen genes induced A. membranaceus seedlings in T9131 at 45 d, seven genes including HMGR (DN10463_c0_g2, DN989_c0_g1, DN113450_c0_g1, DN989_c2_g1), CYP707A2 and JAZ were significantly up-regulated, while the remaining genes were down-regulated. Analysis of the expressions of the 14 genes induced by ABA showed that the expressions of 6 genes, including HMGR (DN10463_c0_g2, DN989_c0_g1, DN113450_c0_g1, DN989_c2_g1), CYP707A2 (DN397_c0_g2), and E3.2.1.21 (DN2073_c0_g1), were significantly down-regulated by ABA induction, while the expressions of the remaining genes were up-regulated. Hormone determination indicated that T9131 significantly reduced the content of ABA. Conclusion T. harzianum T9131 may promote the growth of A. membranaceus by regulating the up-regulated expressions of genes related to the growth promotion of A. membranaceus, such as HMGR, CYP707A2 and JAZ, and by reducing the content of ABA. Exogenous ABA can reduce the expressions of HMGR and CYP707A2.