The invention discloses a water-based ultraviolet-curing printing ink and a preparation method thereof. The printing ink comprises the following raw materials by weight: 20-30 parts of epoxy acrylic resin, 10-15 parts of polyurethane acrylic resin, 5-10 parts of polyester acrylic resin, 4-6 parts of diphenyl ketone, 2-4 parts of 2,2-diethoxyacetophenone, 10-15 parts of pigments, 2-3 parts of isopropanolamine, 8-12 parts of pentaerythritol triacrylate, 15-20 parts of diacrylic acid-1,6-hexylene glycol ester, 3-5 parts of propylene glycol ethyl ether, 1-2 parts of a fluorocarbon surfactant FC-4430, 0.5-1 part of a defoamer BYK-019, 3-5 parts of a compound filler and 20-25 parts of de-ionized water. The water-based printing ink is excellent in performance, can be instantly cured after being irradiated by ultraviolet rays, is free from evaporation of a petroleum solvent, cannot pollute the environmental and is safe to use; the printing ink can be still kept stable in performance and cannot be mildewed after being stored in the printing process and even an ink fountain for a long term; a printed product is good in color stability and high in brightness, and an ink layer is higher in friction resistance, chemical resistance and adhesiveness; the printing ink has a wide application prospect.