Iron molybdate (FeMoO4) nanostructures show great promise as a superior anode for sodium-ion batteries. However, its use in practical application is hampered by its poor electronic conductivity, large volume changes and sluggish reaction kinetics. Herein, we have developed an interconnected network of multiwall carbon nanotube (CNT) and FeMoO4 (FMO) by a simple one-step hydrothermal method. As well as providing efficient channels for charge transfer and diffusion, highly conductive CNTs also have a degree of volume elasticity and excellent electrical conductivity to ensure migration of sodium ions, enabling both fast kinetics and long-term stability. As a result, the FMO@CNT anode delivers a high reversible capacity of 485 mA h g−1 at 0.05 A/g and very long cycling stability with a capacity of 75 mA h g−1 after 1000 cycles at 1 A/g. Furthermore, by combining the ex-situ X-ray diffraction, ex situ X-ray photoelectron spectroscopy and cyclic voltammetry results, sodium ion storage mechanism of the FMO@CNT electrode obeys a conversion mechanism. The results of this work provide a better understanding on the sodium ion storage mechanism of binary metal oxides.