The invention discloses a yellow fluorescent powder and a preparation method thereof and a light emitting device prepared from the fluorescent powder. The fluorescent powder has the chemical formula of A[x]Z[y]Ce[3-x-y]E[m]D[5-m]O[12], wherein A is one or more elements of La, Y, Lu and Tb, Z is one or more elements of Zn, Mg, Ca, Sr and Ba, E is one or more elements of Al, In and Ga, D is one or two of Si and Ge, 0<x<3, 0<y<=0.2, x+y<3, 4.8<=m<5, and y+m=5. The yellow fluorescent powder has the advantages of low production cost, simple process and higher light emitting intensity.