The high brightness, low emittance electron beams achieved in modern X‐ray free‐electron lasers (XFELs) have enabled powerful X‐ray imaging tools, allowing molecular systems to be imaged at picosecond time scales and sub‐nanometer length scales. One of the most promising directions for increasing the brightness of XFELs is through the development of novel photocathode materials. Whereas past efforts aimed at discovering photocathode materials have typically employed trial‐and‐error‐based iterative approaches, this work represents the first data‐driven screening for high brightness photocathode materials. Through screening over 74 000 semiconducting materials, a vast photocathode dataset is generated, resulting in statistically meaningful insights into the nature of high brightness photocathode materials. This screening results in a diverse list of photocathode materials that exhibit intrinsic emittances that are up to 4x lower than currently used photocathodes. In a second effort, multiobjective screening is employed to identify the family of M2O (M = Na, K, Rb) that exhibits photoemission properties that are comparable to the current state‐of‐the‐art photocathode materials, but with superior air stability. This family represents perhaps the first intrinsically bright, visible light photocathode materials that are resistant to reactions with oxygen, allowing for their transport and storage in dry air environments.