The invention relates to magnetic elastomer composite materials, in particular to a Fe3O4@GO / NR magnetic elastomer composite material and a preparation method, and solves the problem that magnetic particles in existing materials are nonuniform in dispersion, prone to gathering, unstable in structural performance and low in mechanical performance. The preparation method includes: 1), adopting a chemical co-precipitation method to prepare Fe3O4 water-base magnetic liquid; 2), adopting an improved Hummers method to prepare graphite oxide, and preparing GO suspension liquid; 3), preparing stabilizer, vulcanizer and promoter dispersoid; 4), adopting an emulsion blending method to prepare the Fe3O4@GO / NR magnetic elastomer composite material. The Fe3O4@GO / NR magnetic elastomer composite material and the preparation method have the advantages that a, vulcanizing temperature is low, preparation process is simple, dispersity of the magnetic particles and GO is improved, the problem of proneness to gathering is solved, and the composite material is stable in structure; b, graphene oxide serves as reactive enhanceosome, so that mechanical performance is improved, the magnetic particles are stabilized, sedimentation and aggregation are prevented, and mechanical performance and magnetic performance are improved; c, the composite material can display excellent elastic mechanical performance, magnetic performance, heat resistance and solvent resistance under low concentration.