The present invention provides a flexible display panel. The flexible display panel comprises a display area and a non-display area. The non-display area comprises a substrate, an insulation layer arranged on the substrate, a planarization layer arranged on the insulation layer, a chip bonding area arranged on the planarization layer and an outer edge. An ACF (Anisotropic Conductive Film) excessive glue blocking portion is formed between the chip bonding area and the outer edge, and the ACF excessive glue blocking portion is extended along the extension direction of the outer edge. The ACF excessive glue blocking portion can avoid ACF overflowing to avoid a phenomenon that glass and a polyimide film cannot be separated. The present invention further provides a preparation method of a flexible display panel. The method comprise the steps of: providing the display substrate, wherein the display substrate comprises a plurality of panel areas, each panel area comprises a display area and anon-display area, and each non-display area comprises the substrate, the insulation layer, the planarization layer, the chip bonding area and a cutting area; forming the ACF excessive glue blocking portion at a position between the chip bonding area and the cutting area through adoption of patterning processing; and cutting the display substrate along the cutting area, and obtaining the flexibledisplay panel.