The invention provides sea cucumber and abalone oligopeptide powder and a preparation method thereof, and belongs to the technical field of health care products. The sea cucumber and abalone oligopeptide powder comprises sea cucumber oligopeptide powder, abalone oligopeptide powder, cod collagen peptide powder, oyster oligopeptide powder, marine mussel oligopeptide powder, tussah pupa oligopeptidepowder and crude polysaccharide, wherein the ratio of the total amount of the sea cucumber oligopeptide powder, the abalone oligopeptide powder, the cod collagen peptide powder, the oyster oligopeptide powder, the marine mussel oligopeptide powder and the tussah pupa oligopeptide powder to the total amount of the sea cucumber oligopeptide powder, the abalone oligopeptide powder, the cod collagenpeptide powder, the oyster oligopeptide powder, the marine mussel oligopeptide powder, the tussah pupa oligopeptide powder and the crude polysaccharide is not less than 90%. The sea cucumber and abalone oligopeptide powder can improve immunity, resist fatigue, prevent tumor cancer, and regulate blood pressure and blood fat, has an adjuvant therapy effect on diabetes, and can delay aging, facilitate sleep, delay occurrence of life spots, tonify kidney, strength bodies, resist radiation and improve the phagocytic activity of white blood cells.