The fine phase transformation process of chalcocite (Cu2S) leaching in acidic ferric sulfate solution was studied by leaching experiments and synchrotron radiation X-ray diffraction (SRXRD) tests. The results showed that the dissolution process of chalcocite was divided into two stages. In the first stage, Cu2S was firstly transformed to Cu5FeS4 and Cu2−xS, then the galvanic effect between Cu5FeS4 and Cu2−xS accelerated the dissolution process of Cu1.8S → Cu1.6S → CuS, and finally Cu5FeS4 was also transformed to CuS. While in the second stage, CuS was transformed to elemental sulfur, which formed the passivation layer and inhibited the leaching of chalcocite. Specifically, Cu5FeS4 was detected during the chalcocite leaching process by SRXRD for the first time. This research is helpful for revealing the detailed leaching process of chalcocite.