This application provides a channel state information reporting method and apparatus. The method includes: A terminal device receives M pieces of downlink control information, where first downlink control information in the M pieces of downlink control information indicates a first channel state information configuration, the first channel state information configuration is associated with a first channel state information interference measurement CSI-IM resource group, and the first CSI-IM resource group includes N1 CSI-IM resources, where M and N1 are positive integers, and N1 is greater than 1; and the terminal device measures a target CSI-IM resource, and reports channel state information, where the target CSI-IM resource is determined by the terminal device from the N1 CSI-IM resources based on M, and a quantity of target CSI-IM resources is less than N1.