The analysis of seismic vulnerability is a method for assessing seismic damage. The seismic performance of elevated station structures is studied by using the Pushover capacity spectral analysis method. The emergence mechanisms of inter-story displacement angle and plastic hinge are studied to obtain the vulnerability curve and vulnerability matrix. The results show that the elevated station structure example suffers mainly minor damage or a small probability of moderate damage under all levels of seismic action, and that the inter-story displacement angles meet the performance design requirements. The method used is simple and feasible, and the results are available for reference.