Embodiments of this application provide an uplink power control method and a terminal. The method includes: obtaining, by a terminal, a power control impact factor, where the power control impact factor includes at least one of the following: beamforming information, a subcarrier spacing, a time length, or a service type; determining, by the terminal, a transmit power of an uplink channel based on the power control impact factor; and sending, by the terminal, the uplink channel at the transmit power of the uplink channel. The embodiments can improve uplink power control precision.