A magnetic compensation floating side plate combination piece comprises an inner side plate (5), an outer side plate (6), an arc-shaped high-pressure oil groove (1), an unloading groove (2), an arc-shaped groove (3) and an arc-shaped through hole (4). The arc-shaped high-pressure oil groove (1) and the unloading groove (2) are located in a reverse thrust face (P) of the inner side plate (5), the arc-shaped groove (3) is located in a compensation face (Q) of the inner side plate (5), the arc-shaped through hole (4) is located in the outer side plate (6), and the inner side plate (5) and the outer side plate (6) are mutually embedded and positioned. The arc-shaped groove (3) and the arc-shaped through hole (4) are the same in shape, and magnetic strips are embedded into the arc-shaped groove (3) and the arc-shaped through hole (4). According to the magnetic compensation floating side plate combination piece, the magnetic force generated by repelling of the same magnetic poles of the magnetic strips serves as compensation force to achieve rapid compensation, the deformation condition, caused by high-pressure oil on the back faces of flotation side plates, of a sealing ring is improved, the problems that existing gear pump flotation side plates are seriously abraded and the compensation effect is not ideal are solved, and the magnetic compensation floating side plate combination piece is especially suitable for serving as an axial sealing device of a gear pump under the high-temperature, high-pressure and high-speed working conditions.