The invention provides an adjuvant for an HBV (hepatitis B virus) vaccine and a preparation method of the adjuvant. According to the adjuvant, an ISCOM (immunostimulating complex) matrix ingredient is creatively introduced, therefore, organisms can be stimulated to produce higher cellular immunity and humoral immunity, a better immunologic enhancement effect is achieved, and the immune protection period of the vaccine is prolonged. The adjuvant is in a water-in-oil form when used for preparing the HBV vaccine, and the HBV vaccine prepared from the adjuvant has better stability due to the rational design of ingredients and can be preserved for 18 months under the condition of 2-8 DEG C with performance kept stable. Besides, the practical application finds that no local or systemic adverse reactions are caused after inoculation with the HBV vaccine prepared from the adjuvant, the safety is reliable, and compared with an HBV vaccine prepared from an adjuvant in the prior art, a better immune effect is achieved. An outstanding technical effect is achieved through creative technological improvement; meanwhile, the cost is lower, and implementation is facilitated, so that the adjuvant has an outstanding popularization prospect.