The present invention has objectives to provide an emulsion suitable as a cosmetic raw material and to easily obtain the aforementioned emulsion of organopolysiloxane exhibiting superior storage stability. The present invention provides an emulsion comprising (A) an organopolysiloxane, (B) a methyl polyglycerol-modified silicone-based surfactant having a specified structure, and (C) an aqueous medium, and provides a method for producing an emulsion characterized by obtaining an emulsion by emulsifying a mixture of (A) a organopolysiloxane and (B) a silicone-based surfactant, which is obtained by synthesizing the silicone-based surfactant of component (B) in the component (A).