The invention discloses a forward-flyback dual-path balanced load switching power supply circuit, which comprises: an input end, a first transformer T1, a second transformer T2 and a dual-path outputend, wherein the first transformer T1 and the second transformer T2 convert a direct current input from the input end into an alternating current and output the alternating current to the dual-path output end, a primary winding of the first transformer T1 is connected with the input end, the primary winding of the first transformer T1 is connected in series with a primary winding of the second transformer T2, and a secondary winding of the first transformer T1 and a secondary winding of the second transformer T2 are connected in parallel and each connected with the dual-path output end. Through designing the forward transformer and the flyback transformer, the forward-flyback dual-path balanced load switching power supply circuit has the advantages of low noise, high efficiency, small ripple, high power density, easy loop design and no right half plane zero point when operating in a continuous mode, since the two transformers transfer energy to the secondary stage simultaneously, the number of turns of the transformers is small, the transformers are easy to wind, the wire diameter of the secondary stage is reduced by half, the current stress on a power switching tube is small and the like.