PurposePrevious research highlights the adverse effects of visual impairment (VI) on academic achievement in children, yet its impact on cognitive performance among adolescents and young adults remains under‐studied. Therefore, this investigation aimed to analyse this association in a nationwide sample of Israeli adolescents.MethodsA retrospective population‐based cross‐sectional study was conducted among 1,410,616 Israeli‐born adolescents aged 16–19 years, who were assessed before mandatory military service between 1993 and 2017. The definition of VI was based on best‐corrected visual acuity (BCVA) measurements using a standard Snellen chart. Adolescents with BCVA worse than 6/9 in either or both eyes were classified as having unilateral or bilateral VI, respectively. Cognitive performance was measured using the General Intelligence Score (GIS), based on a validated four‐domain test. Relationships were analysed using regression models yielding adjusted odds ratios (ORs) for low (<−1 standard deviation [SD]) and high (≥1 SD) cognitive Z‐scores.ResultsOf 1,410,616 adolescents (56.1% men), 13,773 (1.0%) had unilateral and 3980 (0.3%) had bilateral VI. Unilateral VI was associated with adjusted ORs for low and high cognitive Z‐scores of 1.24 (1.19–1.30) and 0.84 (0.80–0.89), respectively. ORs were accentuated for bilateral VI, reaching 1.62 (1.50–1.75) and 0.81 (0.74–0.90) for low and high cognitive Z‐scores, respectively. Cognitive performance subscores mirrored these results, with the visual–spatial functioning subtest demonstrating the greatest effect size. These associations persisted in sub‐analyses restricted to adolescents with amblyopia‐related VI, mild VI and unimpaired health status.ConclusionsVisual impairment, including mild and unilateral cases, is associated with reduced cognitive performance scores assessed in late adolescence. Further research is required to gain a comprehensive understanding of the dynamics underlying this relationship.