PROBLEM TO BE SOLVED: To provide an emulsified composition containing a glycyrrhetinic acid derivative at high concentration and excellent in the transparency and temporal stability, and a cosmetic containing the emulsifier composition and excellent in a sense of use.SOLUTION: An emulsion composition contains the following components (A) to (D): (A) a glycyrrhetinic acid derivative (B) at least one oil agent selected from the group consisting of tocopherols, derivatives thereof, and C10-18 fatty acid esters (C) a phospholipid and (D) a water-soluble surfactant. The content of the glycyrrhetinic acid derivative is 0.5-10 mass%.COPYRIGHT: (C)2014,JPO&INPIT【課題】グリチルレチン酸誘導体を高濃度で含有し、透明性及び経時安定性に優れた乳化組成物、及び、該乳化剤組成物を含有し、使用感に優れた化粧料の提供。【解決手段】下記(A)~(D)の成分:(A)グリチルレチン酸誘導体、(B)トコフェロール及びその誘導体、並びに炭素数10~18の脂肪酸エステルからなる群より選ばれる少なくとも一種の油剤、(C)リン脂質、及び、(D)水溶性界面活性剤、を含有し、かつ、グリチルレチン酸誘導体の含有量が0.5質量%以上10質量%以下である乳化組成物。【選択図】なし