The invention discloses a preparation method of a carbon nanotube yarn-based flexible supercapacitor composite electrode material, and relates to the technical field of a supercapacitor electrode material. The preparation method comprises the steps of preparing carbon nanotube yarn by a spinning method, combing to prepare a rough product of the electrode material by an electroplating method, heating and purifying the electrode material, preparing graphene ink, performing graphene ink impregnation on the composite material, and finally obtaining a carbon nanotube (CNT)/transient-state metal oxide/graphene (GN) composite electrode material, wherein a transient-state metal oxide attached onto a carbon nanotube comprises Co3O4 nanoparticles, NiO nanoparticles or MnO2 nanoparticles. The preparation method has the characteristics of wide application prospect, excellent electrochemical performance and green and environmental-friendly process and is simple and practical, and promotion and application are easy.