A preparation method of a honeycomb flue gas denitrification catalyst capable of reducing activation temperature and SO2 oxidation rate comprises the following steps: dissolving a titanium source precursor into acid to form a solution; dissolving a molybdenum source precursor and a phosphorus source precursor to form solutions; uniformly mixing the solutions, adjusting the pH value to 7-12, precipitating, filtering, then adding deionized water, a vanadium source precursor solution, uniformly mixing, directly drying, roasting, and grinding into powder; adding an extrusion aid, the solution formed by the molybdenum source precursor and a pore-forming agent into the powder, adding water while stirring, blending into a paste, then adding nanometer silicon dioxide, glass fiber and a bonding agent, uniformly mixing, extruding into a honeycomb blank by using an extruder, impregnating the dried blank into a silicon source precursor solution, and roasting to obtain a finished product. The invention aims to overcome the defects that in the prior art, the denitrification catalyst is unbalanced in active centers in flue gas, high in SO2 oxidation rate and poor in poisoning resistance.