The invention discloses moisturizing light matte lip glaze and a preparation method thereof, and relates to the field of cosmetics. The matte lip glaze is prepared from the following raw material components: an oil-phase emulsifier, an oil-phase coalescing agent, an oil-phase coloring agent, an oil-phase emollient, an oil-phase thickening agent, an auxiliary agent and a water phase, the preparation method comprises the following steps: sequentially mixing the oil phase emulsifier, the oil phase emollient, the oil phase coloring agent and the oil phase thickener, adding the oil phase coalescing agent, heating to 60-65 DEG C, adding the preheated water phase material, homogenizing, cooling, adding the pre-dissolved auxiliary agent, and homogenizing to obtain the matte lip glaze. According to the lip glaze disclosed by the invention, a water-in-oil system is utilized, all the components are synergistically matched, a compact breathable film can be generated on lips, volatilization of moisturizing components in the system is reduced, a decorous feeling and a dry feeling brought in the volatilization process are reduced, and the lip glaze is moist and light, moisturized and moist and has lasting color locking effect.