The invention relates to a ps-grade time frequency measurement circuit and a measurement method thereof. The measurement circuit comprises a circuit channel, an ECL logic control circuit, deltat1 and deltat2 extracting circuits, an integrating-sampling circuit, an ADC converting circuit, an integrating capacitor, a constant-current-source circuit, an FBGA circuit, a single-chip microcomputer control circuit, a keyboard, a display circuit, etc. The measurement method is improved based on simulation of an inner difference method. Through performing unification calibration, device nonlinear calibration, temperature drift calibration, imbalance voltage current calibration, system triggered error calibration and the like on two channels, the calibration method of each system parameter is designed through long-term statistics operation, and the calibration methods are called as system statistics calibration in total. Finally stable and accurate ps-grade time frequency measurement is realized.