The invention discloses a bleaching compound enzyme for papermaking and a preparation method of the bleaching compound enzyme. The bleaching compound enzyme for papermaking, which has the advantages of complete enzyme system, good bleaching effect, easiness in preservation and good storage stability, is prepared by taking high temperature-resistant alkaline xylanase as main raw material, scientifically compounding a thermophilic bacillus culture, laccase and a medium thereof, dextranase, EDTA (ethylenediaminetetraacetic acid), a protecting agent, an activator, mannose, lipase, tannase, pectase, a whiteness stabilizer, a nonionic surfactant, an antioxidant and the like, completely retaining paper pulp cellulose and simultaneously dissolving out and degrading lignin to the greatest extent. The bleaching compound enzyme disclosed by the invention can significantly improve yield and quality of paper pulp against broad-leaf wood, coniferous wood and reed yellow slurry, and the whiteness is improved by 10.94%, 11.97% and 11.10% respectively; the yellow index is reduced by 39.84%, 37.31% and 24.32% respectively; the amount of conventional chemical products can be saved by 50-60%; and the purposes of reducing cost and protecting an environment are finally achieved.