The invention relates to the technical field of traditional Chinese medicines, and discloses a formula of smearing type pyretic moxibustion paste and a preparation method of the smearing type pyretic moxibustion paste. The formula of the pyretic moxibustion paste comprises garden balsam stem, rheum officinale, golden cypress, radix clematidis, ligusticum wallichii, pseudo-ginseng, radix angelicae pubescentis, safflower, cortex acanthopanacis, angelica sinensis, galangal, cinnamon, clove, radix achyranthis bidentatae, teasel root, salvia miltiorrhiza, astragalus membranaceus, fructus aurantii, rhizoma corydalis, kudzu vine root, dragon's blood, szechwan chinaberry fruit, hairyvein agrimony, divaricate saposhnikovia root, fructus psoraleae, spina gleditsiae, curcuma zedoary, agilawood, rhizoma kaempferiae, rhizoma acori graminei, ground beetle, leech, asarum, scorpio, zaocys dhumnade, areca-nuts, peach kernels, ephedra, borneol, menthol, frankincense, myrrh and beewax. The preparation method comprises the steps of raw material screening, raw material crushing, medicinal liquor extraction and mixing. The traditional Chinese medicine is reasonable in compatibility and can achieve the effects of promoting blood circulation to remove meridian obstruction, warming channels to dispel cold and relieving swelling and pain; and effective components in the raw materials are leached out by using yellow wine, so that the effective components can quickly permeate into the skin for treatment.