An image processing method and an image processing apparatus are provided. In the image processing method, each of a plurality of original images is divided into K bands, where K is a positive integer greater than or equal to 1. A plurality of local motions of each band in any two adjacent of the original images are calculated, and a global motion of each band is calculated according to the local motions of the band. A horizontal component velocity and a vertical component velocity of each band are generated according to the global motion and a capturing time difference. A plurality of transformation matrixes corresponding to the bands are generated according to the horizontal component velocities, the vertical component velocities, a row readout time, and the width of a valid area. One of the two adjacent original images is transformed according to the transformation matrixes to generate a compensated image.