The invention discloses a preparation method of a surfactant fracturing fluid capable of recycling. The preparation method comprises the following steps: after uniformly mixing organic acid with N,N-dimethyl-1,3-propane diamine compound, heating to 150 to 180 DEG C for carrying out a reaction for 4 to 6 hours, cooling to room temperature, and carrying out a reaction to obtain an intermediate; uniformly mixing the intermediate with a dihalide in an ethanol water solution, stirring and warming to 60 to 90 DEG C, carrying out a reaction for 3 to 5 hours, and cooling to room temperature to obtaina surfactant; adding 2% to 4% of the surfactant and 1% to 3% of a dihalide water solution into water in sequence in percentage by weight for uniform stirring so as to obtain the surfactant fracturingfluid. The surfactant fracturing fluid is simple in formula and high in temperature resistance and shearing resistance, a chemical gel breaker does not need to be added, gel can be broken when suffering from oil or water, the surfactant fracturing fluid is high in flowback capacity and free of residue, clay can be effectively stabilized, the formation damage is low, a flowback fluid can be recycled through simple treatment, a large quantity of water and additives can be saved, and the cost is reduced.