Global warming impacts biogeochemical cycles in terrestrial ecosystems, but it is still unclear how the simultaneous cycling of carbon (C) and nitrogen (N) in soils could be affected in the longer-term. Here, we evaluated how 14 years of soil warming (+4 °C) affected the soil C and N cycle across different soil depths and seasons in a temperate mountain forest. We used H218O incorporation into DNA and 15N isotope pool dilution techniques to determine gross rates of C and N transformation processes. Our data showed different warming effects on soil C and N cycling, and these were consistent across soil depths and seasons. Warming decreased microbial biomass C (−22%), but at the same time increased microbial biomass-specific growth (+25%) and respiration (+39%), the potential activity of β-glucosidase (+31%), and microbial turnover (+14%). Warming reduced gross rates of protein depolymerization (−19%), but stimulated gross N mineralization (+63%) and the potential activities of N-acetylglucosaminidase (+106%) and leucine-aminopeptidase (+46%), and had no impact on gross nitrification (+1%). Microbial C and N use efficiencies were both lower in the warming treatment (−15% and −17%, respectively). Overall, our results suggest that long-term warming drives soil microbes to incorporate less C and N into their biomass (and necromass), and to release more inorganic C and N to the environment, causing lower soil C and N storage in this forest, as indicated by lower soil C and total N contents. The decreases in microbial CUE and NUE were likely triggered by increasing microbial P constraints in warmed soils, limiting anabolic processes and microbial growth and promoting pervasive losses of C and N from the soil.