The invention provides a water-borne epoxy resin modified cement grouting material. The material is prepared by the following raw materials in parts by weight: 5-10 parts of water-borne epoxy resin, 30-50 parts of cement, 5-30 parts of quartz powder, 0-40 parts of quartz sand, 5-10 parts of calcium carbonate powder, 5-10 parts of a composite expanding agent, 0.01-0.03 parts of low-viscosity cellulose, 0.5-1 parts of asphalt powder, 0.2-0.6 parts of a water reducer, and 0.001-0.03 parts of a retarder. The material overcomes the deficiency in prior art, the composite expanding agent is used for compensating shrinkage in plastic stage, density of grouting is increased, and interspace structure is effectively filled; at the same time, fluidity is good, and settlement phenomenon disappears; the material is suitable for common cement grouting, and is suitable for repairing and strengthening, duct grouting, crack repairing, and other engineering occasions; furtherly, the materials has the advantages of good fluidity, adhesive property, shrinkage compensation performance and corrosion resistance.