A time code display system comprising: a video receiver configured for receiving a plurality of non-homologous video signals; a time code parser connected with the video receiver and configured for extracting time code data of each video frame from each video signal; a write controller and a buffer, the write controller being connected with the video receiver and the time code parser; a synchronous clock component configured for generating a local clock signal according to a channel associated clock signal of any video signal; and a read controller and a display, the read controller being connected with the synchronous clock component and the buffer and configured for reading out the video frame of each video signal and the time code data corresponding to the video frame from the buffer at the same time, according to the local clock signal.