An image stabilization method and an image stabilization device are provided. In the method, each of images to be processed is detected by a feature point detection method to detect a plurality of feature points. The relationship of the same feature points in adjacent images to be processed is analyzed. According to the relationship of the feature points, a homography transform matrix of adjacent images to be processed is calculated. Based on the known feature points and the homography transform matrix, a stabilization matrix and a plurality of adjustment matrices corresponding to each image to be processed are calculated. Compensation is performed on each image to be processed by the adjustment matrices, so as to produce a plurality of corrected images. A first image of adjacent corrected images multiplied by the same stabilization matrix is transformed to a second image of the adjacent corrected images.