Aerodynamic breakup refers to the process where large droplets are fragmented into small droplets by the aerodynamic force in airflow, which plays a vital role in fluid atomization and spray applications. Previous research has primarily concentrated on the aerodynamic breakup of single‐component droplets, but investigations into the breakup of emulsion droplets are limited. This study experimentally investigated the aerodynamic breakup of water‐in‐oil emulsions in airflow, utilizing high‐speed photography to observe the breakup process and digital in‐line holography to measure fragment sizes. Comparative analyses between emulsion droplets and single‐component droplets are conducted to examine the breakup morphology, breakup regime, deformation characteristics, and fragment size distributions. The emulsion droplets exhibit higher apparent viscosity and shorter stretching lengths of the bag film and peripheral rim due to the presence of a dispersed phase. The breakup regime transitions of emulsions are modeled by integrating the viscosity model of emulsions and the transition model of the pure fluid. The fragment sizes of emulsion droplets are larger due to the shorter lengths of the bag film and peripheral rim.