Co-doped magnetic Mn3O4 was synthesized by the solvothermal method and adopted as an effective catalyst for the degradation of oxytetracycline (OTC) in water. Synergistic interactions between Co-Mn3O4 and Fe3O4 not only resulted in the enhanced catalytic activity through the activation of peroxymonosulfate (PMS) to degrade OTC, but also made Fe3O4/Co-Mn3O4 easy to be separated and recovered from aqueous solution. 94.2% of OTC could be degraded within 60 min at an initial OTC concentration of 10 mg/L, catalyst dosage of 0.2 g/L and PMS concentration of 10 mM, the high efficiency of which was achieved in a wider pH range of 3.0-10.0. The free radical quenching experiments showed that O2•- radicals and 1O2 played the main role in the degradation process. Co3+, Co2+, Fe2+, Fe3+, Mn4+, Mn3+ and Mn2+ on Fe3O4/Co-Mn3O4 were identified as catalytic sites based on XPS analysis. Eventually, the intermediates of OTC degradation were examined and the possible decomposition pathways were proposed. The excellent catalytic performance of Fe3O4/Co-Mn3O4 not only came from the fact that the large specific surface area could provide abundant active sites for the activation of PMS, but also the charged redistribution among atoms to accelerate the reduction of metal ions. The high degradation efficiency of OTC in actual water samples indicated that Fe3O4/Co-Mn3O4 had good potential for practical application.