A control device of an elevator improving the speed control performance by performing feedforward compensation. The control device includes a model torque calculating section which calculates, based on a speed instruction value for an electric motor, a model torque instruction value of the electric motor, a storage section which stores the relationship between the speed-dependent loss torque of the electric motor which varies due to variations in the rotation speed of the electric motor and the rotation speed of the electric motor, a speed-dependent loss torque calculating section which calculates, based on a detected value of the rotation speed of the electric motor, a speed-dependent loss torque value correlated to the detected value, and a driving torque calculating section which calculates a torque instruction value by adding the speed-dependent loss torque value correlated to the detected value to the model instruction value.