There is a magnetic field inside thrust bearing. The magnetic field distribution is one of the key factors which decide the running state and performance. With the finite element of ANSYS software, the magnetic field of thrust bearing has been analyzed. The rule of changes between the magnetic field and the influencing factors has been discovered. The analysis shows that the direction of exciting current should be opposite other than identical. The greater the ratio of gap length between stator and rotor and working gap length is, the less magnetic field leakage is. The flux leakage of thrust bearing attains 37 percent when the ratio of the gap is 4.0. If the design of a complete machine is not proper, the flux leakage may attain 20 percent upwards through other gaps although that of the bearing itself is almost zero. Calculation of bearing capacity indicates that theoretical value is not exact due to its neglect of magnetic saturation and flux leakage, while FEM value comparably matches the real substance with considering the magnetic saturation and flux leakage. The research provides the theoretical basis for optimization of system structure and selection of current direction control.