A speaker with an earphone function comprises a main body, magnet, washer, voice coil, diaphragm, front cover, rear cover and sound tube; it is characterized in that a conventional earphone housing is integrated with a housing of a speaker unit used in an earphone to enable the main body to be used as the speaker housing concurrently so as to save the production material and cost of a speaker housing, and a speaker assembly and the an earphone assembly can be completed at one time so as to reduce the earphone assembly cost. Furthermore, a diameter of a diaphragm can be relatively increased and a length of an earphone front chamber in front of the diaphragm can be shortened so that the bass quality can be elevated and the alt loss can be decreased.