Recently, several studies have found a recognition advantage for facial expressions, particularly angry expressions, when they appear on high-status faces rather than low-status faces. In the present study, we used event-related potentials (ERPs) to explore the influence of social status on the neural responses to others' facial expressions in a context of performance monitoring. Specifically, we used an interactive rank-inducing task (i.e., time estimation task) to manipulate social partners' status (high versus low) and then told participants that they would receive social feedback (i.e., happy, neutral, or angry) from social partners with high or low status after completing the task. ERP results revealed the preferential processing of high-status targets at both early (P1/N170/FRN) and late (P3) temporal stages of facial expression processing. Notably, larger FRN amplitudes elicited by feedback from high-status partners were observed in happy, neutral, and angry expression contexts, whereas larger P3 amplitudes elicited by feedback from high-status partners were only evident in both neutral and angry expression contexts but not in happy expression context. Together, the present study extended previous studies by showing that the perception of facial expressions could be modulated by target status at multiple stages.