Provided is a liquid cosmetic which is stored in a liquid cosmetic applicator using a brush or a pen feed as an applying means and which is excellent in a dispersion stability of black iron oxide used as a black pigment, a hue of the black color and a discharge performance. The above liquid cosmetic comprises at least 1 to 30% by mass of black iron oxide, water, 0.5 to 5% by mass of a dispersant comprising a film-formable resin, 2 to 15% by mass (in terms of a solid content) of a film-forming agent, 0.1 to 3% by mass of a surfactant, 0.05 to 5% by mass of volatile alcohol, and 5 to 20% by mass of glycols, wherein a viscosity thereof measured at a temperature of 25° C. and a shear rate of 3.83 s&minus1 by means of an ELD type viscometer falls in a range of 2 to 10 mPa·s and an observed average particle diameter is 100 to 300 nm.
