With the development of the high‐end equipment technology, the performance requirements of the internal gear pump (IGP) under high pressure are also increasing. However, the increase of working pressure will lead to the instability of gear pump performance in terms of volumetric efficiency, noise, reliability and so on, it is necessary to reasonably evaluate the reliability level of high‐pressure IGP. The reliability analysis of the high‐pressure IGP is carried out from the aspects of flow, noise, and gear strength in this paper. First, the output flow rate and far‐field flow‐induced noise of the high‐pressure IGP were obtained through fluid numerical simulation, and experimental verification was conducted. Then, based on the time‐varying meshing stiffness, backlash function and static transmission error of the gear pair, a nonlinear dynamic model of the internal meshing gear pair was established. The time‐varying meshing force was obtained through the dynamic model of the gear pair, and then the tooth contact stress and tooth root bending stress were obtained. Finally, considering the uncertain factors affecting the performance of the high‐pressure IGP, Latin hypercube sampling (LHS) combined with dendrite network (DD) was used for random response modeling. The performance reliability of the high‐pressure IGP, including output flow rate, far‐field flow‐induced noise, and the strength of gear pair, were estimated based on the fourth moment‐based saddlepoint approximation (FMSA). The reliability analysis results can provide a theoretical basis for the structural optimization design of the high‐pressure IGP.