The invention belongs to the technical field of cosmetics of daily necessities. A jasmine lipstick is characterized by being prepared from four raw materials including a component A, a component B, a component C and a component D in proportion by weight of 190 to 1.5 to 57.5 to 1, wherein the component A consists of candelilla wax, bee wax, microcrystalline wax, carnauba wax, ozocerite, isopropylmyristate fat, castor oil, glycerin single oleate, lanolin acid isopropyl and acetylated lanolin; the component B consists of Methyl paraben, propylparaben, butylated hydroxyanisole; the component C consists of magenta, alkaline red and alkaline purple; and the component D consists of benzyl acetate, linalool, alpha-amyl cinnamic aldehyde, acrylic ester benzyl ester, linalyl acetate, phenylethyl alcohol, styrene acrylic aldehyde and the like. The invention also discloses a preparation method of the jasmine lipstick. The jasmine lipstick and the preparation method of the jasmine lipstick have the beneficial effects that the lipstick product is brilliant in color, is bright, and is high in transparency, and has full composite jasmine fragrance. The preparation method is simple, the production is simple and easy, raw materials are easy to purchase, and batch production is easy to realize.