The invention discloses a nutritive compound protein powder and a preparation method thereof. Using soybean protein isolate, concentrated whey protein and phospholipids as main raw materials, stevia is processed into stevia extract at low temperature, which can retain the stevia extract to the greatest extent. Active ingredients and bioactive ingredients, high extraction rate, pure flavor, natural color, no licorice flavor, scientifically compounded with main ingredients, and added antifreeze polypeptide, dietary fiber powder, bee chrysalis enzymatic hydrolyzate, wheat germ powder, prepared A compound protein powder with suitable taste, good solubility, comprehensive nutrition, strong biological activity and suitable for a wide range of people. The preparation method adopts non-thermal processing technology, which has high work efficiency, low energy consumption, environmental friendliness, no pollution, reduces the introduction of food additives and chemical additives, effectively improves food safety, improves product quality and reduces production costs , achieved the goal of low-carbon production, and can be scaled and industrialized.