The utility model relates to the technical field of cosmetic mirrors, in particular to a cosmetic mirror with an adjusting function, which comprises a mirror body, a base is arranged below the mirror body, a storage mechanism is arranged on the surface of the base, an annular groove, a storage box and a partition plate are arranged in the storage mechanism, an adjusting mechanism is arranged between the mirror body and the base, and the adjusting mechanism is arranged in the annular groove. The adjusting mechanism is composed of a telescopic rod and an adjusting part, a splitting mechanism is arranged on one side of the mirror body, and a positioning strip, a positioning groove, a threaded hole and a fastening stud are arranged in the splitting mechanism. According to the cosmetic mirror, the flexibility of the cosmetic mirror in use is improved, cosmetic tools are convenient to store, and the convenience degree of the cosmetic mirror in carrying and using is improved.