The invention provides a method for preparing exorphins from soybean protein isolate by fractional hydrolysis, which relates to a method for preparing exorphins. The invention solves the problem that the traditional exorphins preparing method has high preparing cost and is easy to produce harmful substances in the preparing process. The method 1: after being hydrolyzed, the pepsin is hydrolyzed by trypsin, acid protease, alkaline protease or neutral protease; the method 2, after being hydrolyzed, the trypsin is hydrolyzed by pepsin, acid protease, alkaline protease or neutral protease; the method 3, after being hydrolyzed, the alkaline protease is hydrolyzed by pepsin, trypsin, acid protease or neutral protease; the method 4, after being hydrolyzed, the neutral protease is hydrolyzed by pepsin, trypsin, acid protease or alkaline protease; and the method 5, after being hydrolyzed, the acid protease is hydrolyzed by pepsin, trypsin, alkaline protease or neutral protease. The invention has low cost, and does not produce harmful substances in the preparing process.