The invention proposes a white balance processing method, device and equipment for panoramic photographing. The method comprises the following steps: determining M frames as reference images from photographed N frames of original images according to scene information of the panoramic photographing, wherein M and N are both greater than 1, and M is less than or equal to N; using a preset white balance algorithm to acquire white balance gain parameters of the M frames of reference images, performing white balance processing on the N frames of original images according to the white balance gain parameters of the M frames of reference images, and acquiring corresponding N frames of color correction images; and synthesizing the N frames of color correction images and generating a panoramic photo. Therefore, the method solves the technical problems in the prior art that the impression of the panoramic photo is seriously impacted since the panoramic photo has global color cast when the colorof a first frame reference image has deviation due to the white balance processing of the N frames of original images by constantly adopting the white balance gain parameter of the first frame reference image, improves the white balance processing effect of the panoramic photographing, and satisfies user requirements.