The invention relates to a ginseng and soapberry fermentation extract and its application in cosmetics. The extract is characterized by taking ginseng as the raw material, adding soapberries for lactobacillus fermentation, then conducting extraction with ethanol and other solvents, and purifying the extracting solution which can be applied in cosmetics. The fermented ginseng processed extracting solution and its cosmetics can be used for moisture retention, skin whitening, bacteriostasis, anti-senility, skin protection, and caring skin oxidative damage. As the extraction technology makes fully use of active substances in the ginseng and soapberry fermentation extract, such as rare ginsenoside Rh2, CK and the like, as well as the effective skin care effect of fermented soapberries, etc., the antioxidation and nutrition functions of ginseng and soapberry fermentation extract cosmetics are improved. The invention also provides embodiments of skin care cosmetics, and simultaneously elaborates that, compared with white ginseng, the ginseng and soapberry fermentation processed product of the invention contains different ginsenoside and has strong cosmetic application efficacy.