Arbuscular mycorrhizal (AM) fungi in both soil and roots were examined in May (summer) and December (winter) under a 4-y drought experiment in a Chinese subtropical secondary forest. Drought significantly decreased AM fungal extra-radical hyphal density, spore density, and root colonization rate in both seasons. These AM parameters were significantly higher in summer than in winter in the control treatment, but only AM fungal extra-radical hyphal density exhibited the same seasonal trend in the drought treatment. In total, 45 AM fungal operational taxonomic units (OTUs) were obtained at a 97% sequence similarity level using Illumina sequencing of 18S rDNA. Drought and season had no significant effects on AM fungal OTU richness in soil and roots. AM fungal community composition in soil and roots was significantly affected by season but not by drought. This finding enhances our understanding of the response of AM fungi to global climate change in subtropical forest ecosystems.