Belonging to the technical field of catalysts for hydrogen production through catalytic cracking of methane, the invention relates to a catalyst for hydrogen production through catalytic cracking of methane and its preparation method. The catalyst in the invention is composed of a nickel salt, copper oxide, a precious metal catalytic promoter, an alkaline earth metal catalytic promoter, and a nanometer ZrO-ZnO composite carrier. The method in the invention comprises: taking the nickel salt, the copper oxide, the precious metal catalytic promoter, the alkaline earth metal catalytic promoter, azirconium salt, a zinc salt, and an alkaline precipitating agent as raw materials, first preparing a nanometer ZrO-ZnO composite carrier, then implementing the simple processes of mixing, ultrasonic dispersion, roasting, and moulding, thus obtaining a product. The method in the invention has the advantages of simple process, mild reaction condition, energy saving, sufficient material and liquid utilization, and no discharge of ''three wastes''. The product prepared by the method of the invention has the characteristics of high activity, good dispersibility, and strong temperature resistance, etc. The catalyst prepared by the method provided in the invention can be widely applied in catalytic cracking of methane, ethane and other low carbon alkanes, and is especially suitable for catalyticcracking of methane in a fluidized bed for hydrogen production.