The invention discloses a preparation method of a hydrocracking catalyst. The method comprises the steps of preparing an acidic mixed solution A containing hydrogenation reactive metals and silicon, preparing a sodium metaaluminate alkaline solution B, and then adding the acidic mixed solution A, the alkaline solution B and CO2 to a reaction tank filled with clear water in parallel to prepare gel; and then adding turbid liquid of a Y type molecular sieve, mixing the substances uniformly, filtering, drying and forming the mixture, and then washing, drying and roasting the product, thus preparing the hydrocracking catalyst. The method has the beneficial effects that a clean preparation method is adopted, so not only can the catalyst be easily formed and the strength of the catalyst be improved, but also the pore volume and specific surface area of the catalyst can be increased and the dispersity of metals in the catalyst can be improved, thus the catalyst has higher hydrocracking activity, middle oil selectivity and stability; and the catalyst prepared by the method can be used for a single-section hydrocracking process of a non-refining section or a one-section serial hydrocracking process of a refining section.