To provide a two-liquid dispenser which can dispensing two content material separately and can be assembled easily.

A two-liquid dispenser 10 includes a container body 11 having an inner container 12, a valve assembly 13 fixed to the container body, two content materials charged in the inner container 12, and a dispensing member 14 fitted to the valve assembly 13. The container body 11 has an upper storage portion 16 storing therein one of two content materials and a lower storage portion 15 storing therein the other of the content materials, and is provided with dispensing passages independent of each other and extending from the upper and lower storage portions 16 and 15 to a dispensing opening of the dispensing member 14. A content material to be dispensed is selected by selecting either of push buttons 45a and 45b attached to a stem 25.