The invention discloses a folding walking stick. The folding walking stick comprises an upper stick body, a middle stick body, a lower stick body and connecting pieces, wherein the upper stick body, the middle stick body and the lower stick body are connected sequentially from top to bottom through the connecting piece, the side wall of the upper stick body is provided with a first handle, and a frame body is fixedly connected with the side wall of the middle stick body; a cross bar is arranged on the frame body, and the end, which can rotate around an axis, namely the lateral edge of the end, far away from the middle stick body, of the frame body, of the cross bar is rotatably installed on the frame body, wherein the upper stick body is a telescopic stick body, and the upper stick body, the middle stick body and the cross bar simultaneously rotate towards a same side of the frame body and perpendicular to a surface where the frame body is located so as to form a stool frame; the side edge, adjacent to the first handle, of the frame body is set into a reel, wherein the reel is internally provided with a coaxial scroll, and the end, wound around the scroll, of a net surface is fixed on the scroll; the other end of the net surface runs through the side wall of the reel, extends externally and is detachably fixed on the side edge, opposite to the reel, of the frame body; the folding walking stick can be used as both a walking stick and a stool.