The invention belongs to the technical field of materials, and particularly relates to a hybrid fiber reinforced friction material for train braking and a preparation method thereof. In the invention, a composite modified phenolic resin is used as an adhesive, and hybrid fibers, including carbon fiber, metal fiber, inorganic mineral fiber and the like, are used as the reinforcing fibers. Compared with the prior art, the invention improves the contour machining property of the organic synthetic brake, and the yield of the material is high; the brake has stable frictional property at different braking speeds, does not has obvious degradation of frictional property at high speed, and does not have the phenomena of shedding and cracking on the working surface after the braking test. The friction material provided by the invention can be widely used for manufacturing brake pads, brakes, brake shoes and the like in braking systems of passenger and freight trains, municipal rail transportation, subways and the like.