The invention belongs to the technical field of beauty masks, and discloses a formula and a preparation method of emulsible-after-smearing luminous cream mask, which is prepared from p-hydroxyacetophenone, glycerol, polyglycerol-10 stearate, water, citric acid, allantoin, lemon yellow, carmine, capryloyl hydroxamic acid composition, grapefruit oil, turmeric root extract composition, fructus hippophae oil, dendrobium stem extract composition and honey extract composition. The preparation method of the preparation comprises the following steps: step 1, firstly, heating p-hydroxyacetophenone, glycerol, polyglycerol-10 stearate, water, citric acid and allantoin raw materials, and stirring and cooling the mixture; and 2, cooling the raw materials to 45 DEG C, adding the lemon yellow, carmine, an octanoyl hydroxamic acid composition, grapefruit oil, turmeric root extract composition, hippophae rhamnoides fruit oil, dendrobium stem extract composition and honey extract composition, and stirring the mixture to obtain the preparation.