The present invention discloses a combined detection reagent for Cryptosporidium and Giardia, and a preparation method thereof. The agent includes a PVC bottom plate, where a sample pad, a colloidal gold mark pad, a nitrocellulose membrane test pad, and an absorbent pad are disposed on a top of the PVC bottom plate from left to right. In the present invention, two results can be obtained at the same time by detecting two main water-borne parasites (Cryptosporidium and Giardia) that cause human diarrhea and by adding samples for one time, so that not only a detection rate is improved, but alsoa cause of disease is identified. The agent has a fast speed (5-10min), an easy operation, and a stable structure with high sensitivity, strong specificity, good repeatability, and good performance, and is suitable for clinical testing or census, etc., provides rapid screening for patients with low-grade fever or diarrhea after outing or accommodation or eating, to confirm the cause of diarrhea, and can give a diagnosis basis for treatment and medication.