Abstract: In a compensating coupling having flanges (1, 1', 3) connected with each other by a plurality of bolts (2), one of the flanges is connected with a rotating drive member and the other with a rotating driven member. The bolts (2) consist of a journal (8') fastened to one of the two flanges (1, 1', 3) and a sleeve (15) fastened to the other flange (1, 1', 3). The sleeve is supported on the journal by an axially vaulted surface formed on a spherical ring (20) displaceably located on the journal. A high torque may be transmitted by the coupling even when the drive shaft is tilted with respect to the driven shaft by virtue of the fact that the spherical ring is supported in an axially displaceable manner with respect to the sleeve and that at least one compression spring (13) biases the spherical ring back into its initial position.