In this paper we investigate the innermost stable circular orbit (ISCO) (spin-aligned or anti-aligned orbit) for a classical spinning test particle with the pole-dipole approximation in the background of Kerr-Newman black hole in the equatorial plane. It is shown that the orbit of the spinning particle is related to the spin of the test particle. The motion of the spinning test particle will be superluminal if its spin is too large. We give an additional condition by considering the superluminal constraint for the ISCO in the black hole backgrounds. We obtain numerically the relations between the ISCO and the properties of the black holes and the test particle. It is found that the radius of the ISCO for a spinning test particle is smaller than that of a nonspinning test particle in the black hole backgrounds.