The invention discloses soybean milk powder and a making method thereof, and belongs to the technical field of foods. The soybean milk powder is prepared from, by weight, 150-250 parts of soybeans, 150-250 parts of black beans, 20-80 parts of small red beans, 10-30 parts of pearl barley, 5-10 parts of cranberries, 5-10 parts of cocoa powder, 20-60 parts of whole milk powder, 5-10 parts of starch, 0.2-0.8 part of citric acid, 1-5 parts of emulsifying agents, 2-10 parts of additives and 2-10 parts of phosphatide oil. According to the soybean milk powder, the sugar-free sweet formula is adopted, the mouthfeel is good, delamination is not prone to occurrence, the deodorization process is simple, and the health care function is achieved. The adopted additives are all prepared from the pure natural plant raw materials of sweet stevia, licorice roots, grosvenor momordica fruit, jujubes, haws, Chinese wolfberries, poria cocos and herba portulacae, and on one hand, the raw materials have the health care function; on the other hand, the raw materials are mixed according to proportions, the function of a flavoring agent is achieved, and the mouthfeel of the soybean milk powder is improved; in addition, according to the raw materials, saccharose is not adopted, so that the soybean milk powder can also be taken by diabetics.