To ensure water source security and sustainability of the national major strategic project “South-to-North Water Diversion”, this study aims to evaluate the spatio-temporal evolution characteristics of the ecosystem service value (ESV) in its water source area from 2002 to 2022. This study reveals its changing trends and main influencing factors, and thereby provides scientific support for the ecological protection and management of the water source area. Quantitative assessment of the ESV of the region was carried out using the Equivalence Factor Method (EFM), aiming to provide scientific support for ecological protection and resource management decision-making. In the past 20 years, the ESV has shown an upward trend year by year, increasing by 96%. The regions with the highest ESV were Garzê Prefecture and Aba Prefecture, which increased by 130.3% and 60.6%, respectively. The ESV of Xinlong county, Danba county, Rangtang county, and Daofu county increased 4.8 times, 1.5 times, 12.5 times, and 8.9 times, respectively. In the last two decades, arable land has decreased by 91%, while the proportions of bare land and water have decreased by 84% and 91%, respectively. Grassland had the largest proportion. Forests and grasslands, vital for climate regulation, water cycle management, and biodiversity conservation, have expanded by 74% and 43%, respectively. It can be seen from Moran’s I index values that the dataset as a whole showed a slight positive spatial autocorrelation, which increased from −0.041396 to 0.046377. This study reveals the changing trends in ESV and the main influencing factors, and thereby provides scientific support for the ecological protection and management of the water source area.
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