An electronic toy capable of displaying emotions is provided in the present disclosure. The electronic toy includes an emission unit for displaying an emotion of the electronic toy, and a memory system for storing a color-emotion table recording a relationship between the emotion of the electronic toy and different colored light emitted by the emission unit. A controller is electrically connected with the emission unit for turning on or turning off elements of the emission unit according to the relationship between the emotion and the different colored light emitted by emission unit. In particular, the emission unit typically includes three lamps emitting light of three primary colors, and a light mixer, wherein the light mixer mixes the primary color light emitted by the lamps.