The invention relates to a night-luminous eye shadow and a preparation method thereof, which pertains to the technical field of cosmetics. The night-luminous eye shadow is composed of the following components: 5 to 25 parts of long-lasting light-emitting material, 10 to 30 parts of substances with oil phase, 40 to 70 parts of substances with water phase, 10 to 30 parts of added powder, 1 to 5 parts of antioxidant, 1 to 10 parts of spices and 1 to 5 parts of preservative; the invention utilizes the light-storing properties of the long-lasting light-emitting materials and forms the composite night-luminous eye shadow by compounding with talcum powder, esters and so on. The eye shadow of the invention is characterized by easy smudge, thickness, difficult change of the color, long night-luminous time and so on.