An ultra-high temperature fracturing fluid, including the following components in mass percentages: 0.4 wt %-0.8 wt % of a polymer thickener, 0.015 wt %-0.02 wt % of a non-metallic crosslinking agent, 0.04 wt %-0.06 wt % of a gel breaker and the rest is water. The polymer thickener is obtained by a polymerization of acrylamide, acrylic acid, 2-acrylamido-2-methylpropanesulfonic acid, rigid monomer and cationic hydrophobic monomer in a weight ratio of 55-70:15-20:15-20:0.5-3:0.1-1.0, the polymerization temperature is 30-40° C. and the polymerization time is 8-10 hours. The fracturing fluid of the present invention can effectively solve the technical problems that traditional fracturing fluids are easily decomposed at high temperatures and affect performance.
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