The invention belongs to the field of 
precious metal electrocatalysts, and relates to a preparation method and application of a 
precious metal electrocatalyst. The preparation method comprises the steps: mixing a carbon carrier, an alkaline substance and a 
precious metal salt 
aqueous solution evenly, to prepare a suspension; at the temperature of 50-200 DEG C, carrying out 
reflux condensation for 0.5 h or more, carrying out standing 
precipitation, and removing the supernatant; then adding a 
reducing agent, stirring for 0.5 h or more, to eventually obtain a precipitate, carrying out suction 
filtration, washing to neutral, and carrying out 
vacuum drying; and in a mixed 
atmosphere of one or more than two of 
nitrogen gas, 
ammonia gas, 
helium gas, 
argon gas and 
hydrogen gas and at the temperature of 100-800 DEG C, carrying out heat treatment for 0.5-5 h, and thus obtaining the precious 
metal electrocatalyst. The prepared precious 
metal electrocatalyst can be applied in 
fuel cells. The preparation method is simple to operate, is 
environmentally friendly, and is suitable for 
mass production; the loading capacity of 
active components of the precious 
metal electrocatalyst is 0.01-90 wt %, and the carrier selection range is extensive; and the precious metal electrocatalyst has higher 
oxygen reduction activity, and can be applied in the 
fuel cells.