[Problem] Provided is a two-liquid dispenser storing two types of content, and capable of stably and equally discharging two liquids.[Solution] A two-liquid dispenser (10) is provided with: a pressure-proof container (11); a flexible inner container (12) housed in the pressure-proof container; a pouch (13) housed in the inner container; a valve assembly (14) to close the pressure-proof container (11), the inner container (12), and the pouch (13); a first content (A1) filed in the pouch; a second content (A2) filled in a first space (S1) between the pressure-proof container (11) and the inner container (12); and a propellant (P) filled in a second space (S2) between the inner container (12) and the pouch.