The present invention provides a pearlescent printing material. The printing material comprises a supporting body and an ink receiving layer located on one or two sides of the supporting body, the inkreceiving layer is formed by coating of a coating liquid and drying, and the coating liquid contains a flaky pearlescent pigment coated by a water-based wax emulsion. According to the pearlescent printing material provided by the invention, the flaky pearlescent pigment coated by the water-based wax emulsion is not easy to aggregate and precipitate in the coating liquid, and the pearlescent printing material has an obvious pearlescent effect.