The invention relates to a stacked organic light emitting device and a preparation method thereof. The stacked organic light emitting device comprises an anode, a first light emitting unit, a charge generating layer, a second light emitting unit and a cathode which are sequentially stacked. The charge generating layer is formed by doping an electron transport material and a hole transport material in a metal oxide. The electron transport material is 4,7-diphenyl-1,10-phenanthroline, 1,2,4-triazole derivative or 2-(4'-tert-butytphenyl)-5-(4'-biphenylyl)-1,3,4-oxadiazole. The hole transport material is 2,3,5,6-tetrafluoro-7,7,8,8,-tetracyano-quinodimethane, 4,4,4-tri(naphthyl-1-phenyl-ammonium)triphenylamine or dinaphthyl-N,N'-diphenyl-4,4'-benzidine. The metal oxide is tantalum pentoxide, niobium pentoxide or vanadium dioxide. The light emitting efficiency of the stacked organic light emitting device is high.