The invention belongs to the technical field of polymer synthesis, and relates to aqueous poly(urethane-acrylate) emulsion modification, particularly to an aqueous graphene oxide modified poly(urethane-acrylate) composite material preparation method. According to the preparation method, an improved Hummers method is adopted to prepare graphene oxide, the graphene oxide is dissolved in N,N'-dimethylformamide, ultrasonic peeling is performed to prepare a graphene oxide dispersion solution, and the graphene oxide dispersion solution and n-butylacrylate are adopted to co-modify polyurethane. With the preparation method, the prepared composite material emulsion is uniform and stable, and the curing film has good mechanical property, and can be used in the fields of printing, packaging, furniture, electrical equipment, small metal parts, instrument panels, flooring, wood, paper coating, leathers, plastics, home appliances, electronics, telecommunications, aerospace, aviation and the like.