Disclosed are a chromatic dispersion estimation method and device in optical coherent communication, wherein, the method includes: performing a fast Fourier transform on IQ-imbalance compensated data to obtain frequency-domain data in two polarization directions; calculating autocorrelation sequences of the frequency-domain data and performing an inverse fast Fourier transform on the values of the autocorrelation sequences; calculating modulus squares of the results of the inverse fast Fourier transform, and adding the results in the two polarization directions to obtain; determining a mean value of s of a plurality of data sets; calculating an index of the maximum value of, and estimating a dispersion value of the optical fiber link according to the index of the maximum value of. The abovementioned technical solution allows a significantly accurate and rapid estimation of dispersion values.