The invention discloses lubricating oil for stamping machinery. The lubricating oil consists of the following raw materials in parts by weight: 100-300 parts of III-type basic oil, 500-800 parts of PAO (Poly Alpha Olefin) synthetic oil, 50-80 parts of mineral oil, 10-20 parts of animal and plant grease, 1-5 parts of zinc dialkylphosphorodithiloate, 5-7 parts of petroleum sulfonate, 1-6 parts of benzoic acid, 3-5 parts of an T2XX anti-oxidation preservative, 1-3 parts of polymethacrylate, 1-2 parts of a PPD (Pour Point Depressant) improver and 1-5 parts of triethyl-hexyl phosphoric acid. According to the lubricating oil for stamping machinery, the synthetic oil is adopted as basic oil, the mineral oil and the grease oil are added, the III-type basic oil is adopted as neutralizing oil, and additives are added, therefore, the volatilization time of the lubricating oil can be reasonably controlled, the lubrication and cooling effect of the stamping process can be improved, environment pollution is eliminated, and the production environments are improved.