The invention discloses a preparation method of a catalysis material containing Y type molecular sieve, which is characterized by comprising the following steps: (1) mixing the solid waste of a catalyst factory with certain amount of silicon source, aluminum source and acid, then pulping to ensure the mixture to be stabilized and uniform and the components of the mixture as follows: 2.5-8wt% of Na2O, 25-65wt% of SiO2 and 18-55wt% of Al2O3; (2) drying the obtained slurry, then roasting at the temperature of 600-1,100 DEG C for 0.5-4 hours; (3) exchanging ions of the material obtained in step (2) with sodium salt, acid or ammonium salt to remove harmful ions contained in waste residue; and (4) adding sodium silicate, sodium oxide, sulphuric acid and guiding agent into materials obtained in step (3), evenly stirring to obtain crystallization mixture, crystallizing the crystallization mixture at the temperature of 90-120 DEG C for 8-48 hours in a reaction kettle, washing and drying the crystallized product to obtain the catalysis material containing the Y type molecular sieve. Compared with the method for preparing molecular sieve or catalyst by recovering waste residue of catalyst in the prior art, the method provided by the invention can effectively eliminates the adverse effect of harmful metallic ions in waste residue, thereby improving the catalysis property of the catalysis material containing the Y type molecular sieve.