Agile project management (APM) refers to a set of project management frameworks that are increasingly common in a range of industries. Even though the positive effects of APM for employees and organizations are widely assumed, no systematic account of affective, behavioural and cognitive outcomes appears in the academic literature. In this pre‐registered meta‐analysis, we examine the effects of APM based on K = 40 records (with k = 41 independent studies, N = 73,825). Our analyses indicate the beneficial effects of APM across outcomes: For the affective outcomes of job satisfaction, affective strain and organizational commitment, the effect sizes were, on average, small. For the behavioural outcomes of performance and innovative behaviour, the effect sizes were medium to large. For the cognitive outcome of psychological empowerment, the results of our meta‐analysis suggest a medium effect. Furthermore, we explore the moderating effects of contextual (team size, occupational groups, culture) and methodological boundary conditions (publication status, study design, levels of analysis, study quality). Compared to studies conducted with software developers, the effect sizes are stronger in other occupations, such as manufacturing, health care and logistics. Moreover, stronger effect sizes are found in published than in unpublished records. We conclude by discussing the state of quantitative APM research and highlight avenues for future study.