The invention provides a foaming composite for shoes and a preparation method of the foaming composite. The foaming composite for shoes is prepared from base stock, foaming agents, cross-linking agents, assistant crosslinker, activating agents and fillers. The total mass of the base stock is 100%, and 2%-10% of the foaming agents, 0.8%-3% of the cross-linking agents, 0.1%-2% of the assistant crosslinker, 1%-5% of the activating agents and 5%-50% of the fillers. The base stock is prepared from, by mass, 40%-90% of ethylene-octylene block copolymer, 5%-25% of ethylene-octylene random copolymer and 5%-35% of ethylene-vinyl acetate resin. The foaming composite for shoes is light in mass, high in rebound resilience, low in permanent compression deformation rate, low in cost, wide in application range and simple in preparation method. By means of the foaming composite for shoes, the technical problems that existing shoe soles are not resistant to wear or compression, poor in low-temperature toughness, poor in strength, prone to deformation, low in cost performance and the like are solved.