This application provides an uplink multi-station channel estimation method, a station (STA), and an access point (AP), which can be applied to an uplink multi-user multiple-input multiple-output scenario. The uplink multi-station channel estimation method includes: a STA generating a frame including a first group of training sequences and a second group of training sequences, and sending the frame to the AP. The AP calculates a frequency offset value between the STA and the AP based on the received first group of training sequences and the received second group of training sequences. The AP performs channel estimation based on the calculated frequency offset value. According to the technical solutions provided in this application, the AP can more accurately learn of frequency offset values between a plurality of STAs and the AP. This improves channel estimation precision.