A model-free method is described. for constructing time-resolved area-normalized emission spectra (TRANES) using luminescence decays at all emission wavelengths. An isoemissive point in TRANES indicates that the observed emission from the sample is due to two species only, irrespective of the origin of the two species or the excited-state kinetics. Proof for the existence of an isoemissive point in TRANES is given for various cases involving two emissive species. The isoemissive point in TRANES is qualitatively similar to the isosbestic point in time-resolved absorption spectra (TRAS) in kinetic spectrophotometry involving two species.