To solve the key problem that trimming rear shroud of impeller balanced axial force could reduce the pump head and efficiency, a method to balance axial force by compensating rear shroud of impeller cut was proposed. On the same impeller, systematic measurements of the pump performance, tip clearance pressure, liquid pressure distribution in front and rear pump cavity and liquid pressure in balanced cavity were carried out with the research scheme of trimming rear shroud of impeller and compensating rear shroud of impeller. The experiment results showed that at the designed speed and flow rate, the relative trimming rates of rear shroud of impeller were 3.81%, 7.62% and 11.43%, respectively, the pump head was 3.52%, 6.41%, 9.93% lower than that of the prototype impeller, the efficiency was 2.97%, 4.59% and 6.18% lower than that of the prototype impeller, and the axial force was 8.02%, 20.57% and 22.3% lower than that of the prototype impeller. After compensating rear shroud of impeller trimming, the maximum drop of pump head was 4.18%, the maximum drop of efficiency was 2.7%, and the maximum drop of axial force was 83.1%. Compared with cutting rear shroud of impeller, compensating rear shroud of impeller trimming can increase the pressure of the front pump cavity and reduce the pressure of the rear pump cavity.