A hybrid toner and a method of preparing the toner are provided. The hybrid toner is of a core-shell type having improved storage characteristics and a toner blocking phenomenon. The toner prevents image contamination caused by dispersion of waxes or colorants onto the surface of the outer layer of toner particles are prevented. The hybrid toner includes particles including: a core of about 100 parts by weight of a polyester-based resin, about 1-20 parts by weight of a wax, about 0.1-10 parts by weight of a colorant and about 0.1-10 parts by weight of a charge control agent; and about 5-500 parts by weight of a vinyl-based resin, about 0.1-10 parts by weight of silica, about 0.1-5 parts by weight of a metal oxide and about 0.1-10 parts by weight of polymer beads.