To characterize the applicability of Fe isotopes to skarn petrogenesis and exploration, a robust understanding of their fractionation behavior during skarn alteration and mineralization is required. Here, we characterize the bulk-rock Fe isotope composition of endo- and exoskarn, magnetite ore, and the intrusive rocks that comprise the Yeshan Fe skarn deposit in Eastern China, aiming at better constraining the behavior of Fe isotopes during skarn formation and mineralization. The δ56Fe values of garnet and garnet–diopside skarn (–0.19 ‰ to 0.15 ‰, n = 15) are negatively correlated with bulk-rock MgO/Al2O3, suggesting that the variation in δ56Fe of these samples is mainly controlled by mineralogy. Garnet skarn is characterized by δ56Fe values (0.07 ‰ to 0.15 ‰, n = 11) that are similar to those of the spatially associated quartz monzonite pluton (0.12 ‰ to 0.16 ‰, n = 2), and it has systematically higher Fe2O3 contents. Based on petrological observations and bulk-rock geochemistry (e.g., REE and P2O5 contents), garnet, the main Fe-bearing mineral in the garnet skarn, is inferred to have achieved equilibrium (or near equilibrium) with the hydrothermal fluids that circulated throughout the mineralized system, implying that the δ56Fe values of garnet skarn can be used to trace the δ56Fe values of the fluids. Epidote skarn has a similar Fe2O3 content as garnet skarn, but lower δ56Fe values (–0.07 ‰ to 0.01 ‰, n = 2). Epidote skarn was genetically associated with low temperature, FeCl2(H2O)4-dominated fluids, which are in contrast with that (high-temperature, [FeCl4]2--dominated fluids) formed the garnet skarn. Iron in diopside skarn is mainly hosted by magnetite; the δ56Fe values of this lithology (0.00 ‰ to 0.12 ‰, n = 2) are, therefore, mainly controlled by magnetite. Taken together, the Fe isotopic signatures of various types of skarn at Yeshan could enhance our understanding of skarn deposits worldwide, especially those sharing geological features similar to the Yeshan Fe skarn deposit.