Plenty of humic acid components compositions are contained in dissolved organic matter (DOM) derived from composting. Fluorescence signals were employed to characterize the changes in DOM components in the component process. In the composting process, five individual DOM fluorescence parallel factor analysis (PARAFAC) components were identified. At the end of the composting, PARAFAC component C5, which represented high humification and complex structure compounds, was detected, but the simple structure DOM PARAFAC component C1 was absent. In this study, a technique combining EEM-PARAFAC with two-dimensional correlation spectroscopy (2DCOS) further supplied detailed information about the dynamics of DOM peaks in PARAFAC components. 2DCOS results showed that the variation of the peaks in PARAFAC components was different in the composting process. The formation of a complex DOM fluorescence substance was attributed to the residues from the simple fluorescence peak degradation. The evolution of the DOM fluorescence peaks in each PARAFAC component indicated that simple structure compounds helped the formation of the complex DOM fluorescence substance in the composting process. These results revealed that EEM/PARAFAC combined with 2DCOS could be used to track the evolution of DOM PARAFAC components during the composting process.