The present application discloses a stretchable electrode, an electronic device and a manufacturing method thereof. The stretchable electrode includes a substrate, an electric conductive area and an electronic device integration area; the substrate has a first elastic layer and a second elastic layer with different elastic moduli. The electronic device produced by using the afore-mentioned stretchable electrode can be stretched entirely, and when it is stretched, the electronic device would not be damaged and the variation of its impedance is small. Tests have shown that the electric conductive layer can be stretched by more than 20%, with the variation ratio of its impedance being less than 1.5%, and no damage is caused to the electronic device.