The invention discloses a multi-vision-based system and method for measuring gas-liquid two-phase flow phase fraction of a small channel. The system comprises a high-speed camera, two light sources, a right-angle prism, a small pipeline, a glycerinum groove and a computer. The method comprises the following steps: firstly, simultaneously obtaining gas-liquid two-phase flow flowing image sequences of the small channel from two vertical angles; secondly, carrying out image pretreatment and optical distortion correction and building phase fraction measurement models of four typical flow patterns, namely bubble flow, slug flow, annular flow and wavy flow; thirdly, extracting feature vectors of images and carrying out flow pattern identification; and finally, selecting the phase fraction measurement model of the corresponding flow pattern and calculating the phase fraction. By a multi-vision technology, the phase fraction measurement model is built for each typical flow pattern, the flow pattern information is introduced into the phase fraction measurement model, and thus the measurement accuracy is improved. The corresponding device has the advantages of simplicity in structure, non-contact measurement, visualization and the like.