The present invention discloses a pixel circuit, a driving method thereof and a display device. The pixel circuit includes a first thin film transistor, a second thin film transistor, a third thin film transistor, a fourth thin film transistor, a fifth thin film transistor, a sixth thin film transistor, a seventh thin film transistor, a first capacitor, a second capacitor and a light emitting diode. Before the pixel circuit enters a light-emitting phase, a power supply voltage can apply a voltage to a source electrode of a driving thin film transistor, when the pixel circuit enters the light-emitting phase, the power supply voltage can still apply a voltage to a source electrode of the driving thin film transistor, thereby the constant source electrode voltage of the driving thin film transistor can be ensured, so the stable and constant gate voltage of the driving thin film transistor can be ensured under the action of a storage capacitor in the pixel circuit, current which flows through the light-emitting diode is stable and constant, and thus the uniformity of the display of the entire display device is ensured.