The invention discloses a water treatment ternary copolymerization bactericide and a preparation method thereof. The preparation method comprises the following steps: weighing glutaraldehyde, AMPS, crylic acid, isopropanol, water, sodium hydroxide, a polymerization inhibitor, sodium hypophosphite, maleic anhydride, ammonium persulfate, a dispersing agent, phosphorus trichloride, N,N-dimethylformamide, L-aspartic acid and glutamic acid according to parts by weight, and uniformly mixing the materials to prepare the bactericide. The scale inhibiting ratio of the bactericide is 85.5-98.5%; the density is 1.15-1.35 g/cm<2>; after the bactericide is stored at 50-60 DEG C for one month, the bactericidal rate is 98.5-99.5%; after the bactericide is stored at 40-50 DEG C for half a year, the bactericidal rate is 97-99%; after the bactericide is stored at the room temperature for 1-2 years, the bactericidal rate is 96-98%; when the bactericide is applied to escherichia coli, staphylococcus aureus, streptococcus albus, gonococcus, penicillium, aspergillus, saprophytic bacteria and salmonella, the bactericidal rate is 98.8-99.8%.