The present invention discloses an anti-oxidation capacitor film. The anti-oxidation capacitor film includes a base film and a first aluminum coating, a zinc coating and a second aluminum coating that are sequentially plated on the base film. The second aluminum coating is of a step structure, thereby improving the grade and self-healing effect of a capacitor. The second aluminum coating is provided with a tung oil protection layer, thereby preventing the aluminum coating and the zinc coating from being oxidized by air, improving the anti-oxidation capacity of a metalized capacitor film, and prolonging the service life of the capacitor. The present invention further discloses a preparation method of the anti-oxidation capacitor film. Isotactic polypropylene is used as a main material, additives and other materials are added, the base film is obtained through melt extrusion, blowing and stereotyping, sheet casting, two-way stretching, cooling stereotyping, setting amplitude and trimming, dragging and cutting, winding and two times of aging treatment, and in a vacuum condition, the base film is sequentially plated with the first aluminum coating, the zinc coating, the second aluminum coating and the tung oil protection layer so as to obtain the anti-oxidation capacitor film. The capacitor film prepared by the method has good temperature resistance and anti-oxidation performance.