The invention discloses a high-speed steel roll and a preparation method thereof, belonging to the technical field of steel rolling. Particularly, the high-speed steel roll comprises the following chemical compositions in percentage by mass: 2.00-3.20% of tungsten, 2.00-3.00% of chromium, 1.00-1.20% of carbon, 0.60-1.00% of silicon, 0.50-0.80% of molybdenum, 0.20-0.60% of vanadium, 0.20-0.60% of boron, 0.20-0.60% of silver, 0.05-0.10% of nitrogen, 0.20-0.60% of copper, 0.08-0.16% of rare earth, 0.04-0.10% of magnesium, 0.04-0.10% of titanium, 0.10-0.20% of potassium, 0.08-0.16% of sodium, 0.02-0.04% of tellurium, 0.02-0.04% of bismuth, and the balance of iron and inevitable trace impurities of which the content is less than 0.01%. According to the high-speed steel roll material disclosed by the invention, the macro-hardness of the roll surface has a qualitative leap; compared with the prior art, the high-speed steel roll material has the advantage that the tensile strength and impact toughness are greatly increased and improved.