This paper reports an efficient method for the epoxidation of a variety of functionalized olefins using diaryltellurium dicarboxylates as hypervalent tellurium compounds. This method is able to efficiently convert olefins into epoxides using catalytic amounts of tellurium and urea hydrogen peroxide. Furthermore, we propose that this reaction proceeds via the formation of peroxides of phenol, carboxylic acid, and tellurium peroxide when diaryltellurium dicarboxylates and hydrogen peroxide react. This is the first example of an epoxidation reaction using hypervalent tellurium compounds.