The preparation and characteristics of a transparent conducting indium zinc tin oxide ͑IZTO͒ anode for highly efficient phosphorescent organic light emitting diodes ͑OLEDs͒ is described. The resistivity and transmittance of the IZTO anode are comparable to reference In 2 O 3 ͑ITO͒ anode films even though it was prepared at room temperature. In addition, the work function of the ozone-treated amorphous IZTO anode ͑5.12 ± 0.02 eV͒ is much higher than that of ozone-treated reference ITO anodes ͑4.94 ± 0.02 eV͒. The current-voltage-luminance characteristics and efficiencies of OLEDs prepared on the IZTO anode are critically dependent on the sheet resistance of the IZTO anode. Furthermore, both the quantum efficiency and power efficiency of the OLED fabricated on the amorphous IZTO anode are much higher than those of an OLED with the reference ITO anode due to the higher work function of the IZTO anode than those of conventional ITO anode. This indicates that IZTO is an alternative material for conventional ITO anodes used in OLEDs and flexible displays.Organic light emitting diodes ͑OLEDs͒ are of considerable importance for their potential as a new generation of flat panel displays and flexible displays due to their high peak brightness, high dark room contrast, low power consumption, low-cost, super viewing ability, and fast response time. 1,2 In order to obtain highperformance OLEDs and flexible OLEDs, it is very important to develop a high-quality anode layer with low resistance, high transparency, chemical stability, and a high work function. 1,2 Although Sn-doped In 2 O 3 ͑ITO͒ has been commonly used in OLEDs and flexible OLEDs as an anode material due to high conductivity and transmittance in visible range, the conventional ITO anode has several problems, such as an imperfect work function alignment, chemical instability, high process temperature, and easy deterioration of the ITO target. 3,4 Recently, both ternary oxide and multicomponent oxides, such as Al-Zn-O ͑AZO͒, Ga-Zn-O ͑GZO͒, Zr-Zn-O ͑ZZO͒, In-Ga-O ͑IGO͒, In-Zn-O ͑IZO͒, In-Ga-Sn-O ͑IGTO͒, and Zn-In-Sn-O ͑IZTO͒ have gained much attention as promising anode materials for OLED and flexible OLEDs. 3,5-7Among the various multicomponent-TCO materials, IZTO films have recently been recognized as attractive anode materials in OLEDs and flexible OLEDs due to their high work function, good conductivity, high-transparency, and low-deposition temperature. 3 Phillips et al. reported that Zn x In 2−y SnyO 3+x−␦ film grown by pulsed laser deposition and sputtering has high conductivity and transmittance within ranges typically reported for ITO films. 8 In addition, Ambrosini et al., investigating zinc doping in cosubstituted In 2−2x Sn x Zn x O 3−␦ bulk pellet, found that the solubility of ZnO and SnO 2 in In 2 O 3 can be greatly increased up to x = 0.4 by codoping with equal amounts of Zn and Sn in the In 2 O 3 . 9 Mark et al., in an investigation of the high work function transparent conducting oxide as an anode for an OLED, reported that an IZTO film has a higher ...