The invention provides a velvet texture lipstick and a preparation method thereof. The lipstick comprises the following components in parts by weight: 6-70 parts of a thickener, 7-70 parts of an emollient, 1.5-20 parts of a film-forming agent, 2-30 parts of filler, 0.81-60.5 parts of colorant, 0.1-0.5 part of tocopherol, 0.1-0.8 part of preservative, 0.1-0.5 part of sweet orange fat and 1-10 part of oat kernel oil, wherein the thickener Including microcrystalline wax, polyethylene, beeswax, ozokerite, cyclopentasiloxane, dimethicone copolymer, the emollients include propylene glycol dibenzoate, neopentyl glycol Diheptanoate, hydrogenated polyisobutylene, bis-diglycerol polyacyl adipate-2; the lipstick formula of the velvet texture is reasonable, and the lipstick has a velvet touch, does not flake and wrinkle, and also makes the skin It feels glossy; the lipstick has water resistance, friction resistance and migration resistance; the lipstick has good color rendering and toner dispersion; the oat kernel oil in the lipstick can better protect the skin, prevent UV, and relieve itching , anti-inflammatory, moisturizing, anti-oxidant, anti-aging.