Abstract: An annular headphone includes a pair of speaker modules and a pair of wearing headbands. Each speaker module has a housing, an electroacoustic transducer disposed in the housing and a pair of joining portions. The pair of joining portions are oppositely formed on the housing. Each wearing headband has two ends which are respectively formed with a fixing piece. The two fixing pieces of each wearing headband are dismountably connected to one of the joining portions of each speaker module. The pair of speaker modules are arranged oppositely and disposed between the pair of the wearing headbands, so as to form an annular structure.