The inclusion complexes of four ligands binding to cyclodextrins (CDs) were studied by electrospray ionization mass spectrometry (ESI-MS) and the dissociation constants of the complexes were obtained. The 1:1 stoichiometric inclusion complex was found in the system of CD and fenbufen or aspirin. The obtained K
D
values of the inclusion complexes of fenbufen binding to α-CD and to β-CD are 4.38 × 10−4 mol L−1 and 2.12 × 10−4 mol L−1, respectively. The K
D
values of the inclusion complexes of α-CD-aspirin and β-CD-aspirin are 3.33 × 10−4 mol L−1 and 1.83 × 10−4 mol L−1, respectively. A non-linear least squares regression method was applied to validate the results which were consistent with each other. For the system of tetracycline hydrochloride and CD, the 1:1 and 1:2 stoichiometric inclusion complexes were found in the mass spectra. The KD,1 and KD,2 values of the 1:1 and 1:2 stoichiometric inclusion complexes of α-CD and tetracycline hydrochloride are 4.47 × 10−4 mol L−1 and 6.51 × 10−4 mol L−1, respectively, and those of β-CD and tetracycline hydrochloride are 2.26 × 10−4 mol L−1 and 8.57 × 10−4 mol L−1, respectively. For the system of norfloxacin and CD, besides the 1:1 and 1:2 inclusion complexes, the 1:3 stoichiometric inclusion complex was also found. The KD,1, KD,2 and KD,3 of α-CD and norfloxacin inclusion complexes are 4.61 × 10−4 mol L−1, 6.05 × 10−4 mol L−1 and 1.45 × 10−3 mol L−1, respectively. The three K
D
values of β-CD and norfloxacin are 1.96 × 10−4 mol L−1, 4.93 × 10−4 mol L−1 and 1.15 × 10−3 mol L−1, respectively.