The invention relates to a graphene oxide and chitosan microsphere and a preparation method thereof. According to the technical scheme, chitosan is dissolved in a graphene oxide dispersing agent obtained through ultrasonic dispersion, and graphene oxide and chitosan mixed liquor is obtained; liquid paraffin and span-80 are sequentially added to the graphene oxide and chitosan mixed liquor, and stirring is conducted for 2-4 h; formaldehyde is added, and stirring is conducted continuously for 1-2 h; a NaOH solution and an absolute ethyl alcohol are added, stirring is conducted for 2-4 h, washing and filtering are conducted, and a graphene oxide and chitosan pre-crosslinked microsphere is obtained; on the condition that the temperature ranges from 65 DEG C to 70 DEG C, the graphene oxide and chitosan pre-crosslinked microsphere is added to an epoxy chloropropane solution, stirring is conducted for 3-5 h, washing, filtering and vacuum drying are conducted, and the graphene oxide and chitosan microsphere is obtained. According to the graphene oxide and chitosan microsphere and the preparation method thereof, the preparation technology is simple; the prepared product has the advantages of being large in particle size, good in mechanical property, prone to sedimentation, prone to be separated from water, high in chelating capacity to heavy metal ions and good in adsorption property to the heavy metal ions.