The invention relates to the field of graphene quantum dots, and particularly relates to a graphene quantum dot and a preparation method thereof. The preparation method of the graphene quantum dot comprises the following steps: (1), taking a graphite powder block to mechanically mix with a molten salt catalyst; (2), taking a mixed material in the step (1) to carry out preheating treatment and heatpreservation; (3), taking the mixed material subjected to the heat preservation in the step (2) to directly heat up and carry out the heat preservation; (4), cooling the mixed material in the step (3) to the room temperature, and then carrying out water immersion treatment to obtain suspension liquid; and (5), taking suspension liquid in the step (4), and carrying out centrifugal filtration to obtain a graphene quantum dot product. The preparation method of the graphene quantum dot, which is provided by the invention, has the advantages of low manufacturing cost, high graphitization degree, and good finished-product quality, and is applicable to large-scale production.