PROBLEM TO BE SOLVED: To provide an emulsified cosmetic having excellent usability such as high cosmetic film transparency, non-paleness, when coated, good spreadability, and non-stickiness.SOLUTION: This emulsified cosmetic is characterized by comprising the following components (A) to (C): (A) silicone-treated iron oxide-containing zinc oxide prepared by coating the surface of iron oxide-containing zinc oxide having an average particle diameter of 0.01 to 0.1 &mum and containing 0.01 to 0.1 mass% of iron oxide with methyl hydrogen polysiloxane-dimethylpolysiloxane copolymer and/or an alkoxy-modified dimethylpolysiloxane (B) a specific polyglycerol-modified silicone (C) an evaporable silicone oil.COPYRIGHT: (C)2008,JPO&INPIT【課題】化粧膜の透明性が高く、塗布時の青白さがなく、のび広がりの良さ、べたつき感の無さ等の使用性に優れた乳化化粧料を提供する。【解決手段】次の成分(A)~(C):(A)平均粒子径が0.01μm~0.1μmであり、0.01~0.1質量%の酸化鉄を配合する酸化鉄含有酸化亜鉛の表面を、メチルハイドロジェンポリシロキサン・ジメチルポリシロキサン共重合体及び/又はアルコキシ変性ジメチルポリシロキサンで被覆した、シリコーン処理酸化鉄含有酸化亜鉛、(B)特定のポリグリセリン変性シリコーン、(C)揮発性シリコーン油、とを配合することを特徴とする乳化化粧料。