The present invention relates to a pymetrozine water emulsion and a preparation method thereof. The pymetrozine water emulsion includes the components by weight: 1-20%of pymetrozine, 5-20% of a solvent, 5-15% of a cosolvent, 4-15% of an emulsifier, 1-5% of a stabilizer, 0.5-2% of a dispersant, 1-5% of an antifreezing agent, and the balance deionized water. The preparation method includes: dissolving the pymetrozine in the solvent, then adding a certain proportion of the emulsifier, the stabilizer, the dispersant and the antifreezing agent, stirring fully in a preparation kettle to make into an oil phase, slowly adding deionized water to make up to 100% after stirring, shearing for 0.5-2 hours to obtain a milky white pymetrozine water emulsion, and finally dividing and packaging into a finished product. The pymetrozine water emulsion is efficient in preparation form, low in toxicity, environmental-friendly, safe for human and animals, and difficult to produce drug-resistant for diseases.