Some Iris taxa covered in this study were used or are still being used as remedies in European folk medicine. The most common indication for the decoction of Iris rhizomes is sore throat and productive cough, especially in case of the taxon I. domestica (L.) Goldblatt & Mabb., the well-known remedy in traditional Chinese medicine. The aim of this study is to chemically characterize rhizomes of seven wild and medicinal Iris taxa and to assess the antioxidant activity of the rhizome extracts. The HPTLC chromatograms and densitometric spectrum scan of the spots were used for untargeted metabolic profiling and tentative metabolite class identification of Iris taxa. Total number of found spots is 41, three major spots are found in all taxa, and 22 spots are found to be taxon specific. Two xanthones, three isoflavonoid glycosides, 18 isoflavonoid aglycons (isoflavonoids), and five acetophenones/benzophenones are tentatively identified. The taxon I. pallida Lam. contains largest amount of phenolic substances (28.5 ± 2.0 mg GAE / g dry plant material) and was the most effective ABTS scavenger (27.5 ± 2.4 mg TROLOXE / g dry plant material). The taxon I. illyrica Tomm. ex Vis. was the most effective in both DPPH and FRAP assays, 10.1 ± 1.5 and 17.3 ± 0.1 mg TROLOXE / g dry plant material, respectively. The most effective taxa in the metal chelating assay were I. croatica Horvat & M.D.Horvat (6.1 ± 0.1 mg EDTAE / g dry plant material) and I. germanica var. florentina (L.) Dykes (5.8 ± 0.1 mg EDTAE / g dry plant material). European Iris taxa have a relatively similar and partly shared chemical profile with Asian taxon I. domestica, which might be a sign of equivalence in the medicinal value. <br><a rel="license" href="http://creativecommons.org/licenses/by/4.0/"><img alt="Creative Commons License" style="border-width:0" src="https://i.creativecommons.org/l/by/4.0/80x15.png" /></a> This work is licensed under a <a rel="license" href="http://creativecommons.org/licenses/by/4.0/">Creative Commons Attribution 4.0 International License</a>.