The invention relates to an electrospark wire-electrode cutting and punching combined machine tool which comprises a base, a guide frame, a vertical column, a transverse guiderail, a longitudinal guiderail, a motor cabinet, a cantilever and a workpiece clamping holder; a wire outlet nozzle, a high-pressure water nozzle, a high-pressure water pipe, a broken-wire prevention detection clamping mechanism, a compression wheel, an elastic compression wheel, a compression wheel, a tension detection sensor, a deviation correction wheel, an upper guide wheel, a lower guide wheel, a high-pressure water nozzle, a wire outlet nozzle, a single type electromagnetic clutch, a main wire storage tube and an auxiliary wire storage tube; a punching motor, a pulse electric-cutting fluid mechanism, a punching needle tightening component, a belt transmission mechanism, a double-reduction mechanism, and the like. The electrospark wire-electrode cutting and punching combined machine tool has the characteristics that an automatic wire threading function can ensure automation of a workpiece in the process from punching to wire cutting, be free from expending time for manually carrying threading wires and trying to cut, and ensure the precision of the machining position and machining shape of the workpiece, as well as automatic and precise machining. The combined machine tool has an automation function that other machine tools do not have. The efficiency and precision are improved, and the machining cost is lowered.