We show that the diagrammatic approach to quantum spin systems developed in a seminal work by Vaks, Larkin, and Pikin [Sov. Phys. JETP 26, 188 (1968)] can be embedded in the framework of the functional renormalization group. The crucial insight is that the generating functional of the time-ordered connected spin correlation functions of an arbitrary quantum spin system satisfies an exact renormalization group flow equation which resembles the corresponding flow equation of interacting bosons. The SU (2) spin algebra is implemented via a non-trivial initial condition for the renormalization group flow. Our method is rather general and offers a new non-perturbative approach to quantum spin systems.where the subscripts i, j label the N sites r i of a Ddimensional lattice, h 0 is an external magnetic field in arXiv:1807.02524v2 [cond-mat.str-el]