The present invention discloses a mulberry leaf tea and a preparation method thereof. The mulberry leaf tea consists of the following raw materials: 80-100 parts of mulberry leaves, 10-12 parts of mulberries, 8-10 parts of haws, 6-8 parts of pumpkins, 20-30 parts of fagopyrum dibotrys leaves, 8-10 parts of cassia seeds, 4-6 parts of pueraria lobata flowers, 3-5 parts of dracocephalum moldavica, 2-4 parts of wisteria sinensis, 3-4 parts of gnaphalium affine, 4-6 parts of artemisia lactiflora, 1-2 parts of schisandra chinensis pollen, and 20-30 parts of lotus juice. The obtained mulberry leaf tea merges the nutritional and functional ingredients of the fagopyrum dibotrys leaves, is subjected to multiple fermentation which increases the dissolution rate of the product active ingredients and enables the products to be more easily digested, at the same time improves the mouthfeel and palatability, and is yellow, red and bright in soup color, is pure and authentic in fragrance, is mellow and sweet in taste. At the same time, the traditional Chinese medicine ingredients are added in the recipe of the raw materials to be blended, the conventionally extracted unpalatable medicinal flavor is eliminated, and meanwhile, the mulberry leaf tea can improve health-care value, has efficacies of clearing heat and clearing away toxins, tonifying liver and strengthening stomach, lowering lipids and sugars, etc., and can improve organism blood balance and is very suitable for a long-term drinking of patients with high cholesterol, hypertension, and high blood sugar.