A ratchet pliers with adjustable jaw includes a working head, an integrated retractable handle arrangement, a ratchet stepping arrangement and a rapid adjusting arrangement. The ratchet pliers with adjustable jaw has several advantages. Firstly, the rapid adjusting arrangement with simple operation and convenient use is capable of micro-adjusting a closure error of the jaw opening after clamping. Secondly, the integrated retractable handle arrangement is capable of adjusting a length of the handle according to different demands for a jaw clamping force so as to save energy of a user.