The invention discloses a voltage stabilization online monitoring phasor data measurement device and a voltage stabilization online monitoring phasor measurement method. The device comprises a synchronous clock unit, an acquisition unit, an input unit, a dual-port random access memory (RAM) transmission module, a data management unit and an output unit. A precise global positioning system (GPS) synchronous clock signal serves as a reference of a sampling process, so that phasors of each sampling channel are in a determined and uniformed phase relationship; a digital signal processor (DSP) is used for data acquisition and phasor calculation; an embedded real-time operating system and graphical user interface-based ARM9 takes charge of data management and communication, has the characteristics that the processing capacity is high, the real-time is high, the ARM9 is easy to upgrade and the like and improves the reliability, the network communication capacity and the expandability of the measurement device; tripping and closing are executed accurately and reliably according to an upper computer command; the DSP adopts an alpha-beta coordinate system-based phasor measurement algorithm,has the advantages of high computing speed, high suitability and high accuracy, and can accurately compute the information of a voltage/current signal phasor of a power grid; therefore, the problem of spectrum leakage when a signal frequency fluctuates greatly is avoided effectively, and the measurement precision of a non-power frequency input situation and a dynamic process is ensured.