Carbon quantum dots (CQDs) have attracted widespread interest for photocatalytic applications, owing to their low cost and excellent electron donor/acceptor properties. However, their advancement as visible‐light photosensitizers in CQDs/semiconductor nanocomposites is currently impaired by their poor quantum yields (QYs). Herein, we describe the successful fabrication of a series of nitrogen‐doped CQDs (NCDs) with N/C atomic ratios ranging from 0.14–0.30. NCDs with the highest N‐doping level afforded a remarkable external QY of 66.8 % at 360 nm, and outstanding electron transfer properties and photosensitization efficiencies when physically adsorbed on P25 TiO2. A NCDs/P25‐TiO2 hybrid demonstrated excellent performance for hydrogen evolution in aqueous methanol under both UV and visible‐light illumination relative to pristine P25 TiO2. Controlled nitrogen doping of CQDs therefore represents a very effective strategy for optimizing the performance of CQDs/semiconductor hybrid photocatalysts.