The invention discloses a formula of compound bearded-tooth-mushroom walnut powder and a preparation method of compound bearded-tooth-mushroom walnut powder. The compound bearded-tooth-mushroom walnutpowder is composed of bearded tooth mushroom powder, soybean powder, walnut powder, peanut powder, linolenic acid, soybean phospholipids, maltodextrin, skimmed milk powder, white granulated sugar, glucose, vitamin B complex, vitamin E, vitamin C and dietary fiber; and thus, the compound bearded-tooth-mushroom walnut powder is refreshing, fine and smooth in taste. The formula of the compound bearded-tooth-mushroom walnut powder disclosed by the invention fully utilizes nutrients of the bearded tooth mushrooms, the walnuts, the soybeans, the peanuts and the linolenic acid, as well as a plurality of vitamins, so as to enhance adjustment of the nutrients of the compound bearded-tooth-mushroom walnut powder on body functions; and the compound bearded-tooth-mushroom walnut powder has the effects of strengthening the stomach, nourishing the blood, moistening the lungs, attaining mental tranquility, resisting cancer and so on, and is capable of improving body health. In addition, being subjected to processing on basis of a production technology, the formula of the compound bearded-tooth-mushroom walnut powder disclosed by the invention is capable of improving water solubility of the raw materials, as well as increasing active ingredient content.