The difference absorption spectrum (DAS) of porphyrin molecules (tetraphenyl-porphyhrin sulfonic acid, TPPS) in aqueous solution induced by continuous wave laser irradiation has been reported previously. It was interpreted that the DAS was caused by the formation of TPPS aggregates induced by laser irradiation. However, transient spectra similar in their shape have already been reported and are attributed to the excited-state absorption and saturable absorption (SA) effects due to the triplet state formation in TPPS. In the present study, we investigated the triplet quenching effect by O2 on the DAS of TPPS aqueous solution and revealed that it originated from the triplet state formation. We also found that mixing the appropriate amount of MeOH and NaOH in TPPS aqueous solution increased its absorbance change by more than 50 times. This may be due to the decrease in dissolved oxygen concentration by mixing them. This result suggests the possibility of controlling the performance of NLO materials by adjusting the solvent mixture ratio and base/acid concentration.