Transition metal sulfides have attracted a lot of attention as potential oxygen evolution reaction (OER) catalysts. Bimetallic sulfide possesses superior physicochemical properties due to the synergistic effect between bimetallic cations. By introducing a metal-semiconductor interface, the physicochemical properties of transition metal sulfide can be further improved. Using the solvothermal method, Au@NiCo2S4 core-shell heterostructure nanoparticles (NPs) and bare NiCo2S4 NPs were prepared. The measurement of the OER catalytic performance showed that the catalytic activity of Au@NiCo2S4 core-shell heterostructure was enhanced compared to bare NiCo2S4 NPs. At the current density of 10 mA cm−2, the overpotential of Au@NiCo2S4 (299 mV) is lower than that of bare NiCo2S4 (312 mV). The Tafel slope of Au@NiCo2S4 (44.5 mV dec−1) was reduced compared to that of bare NiCo2S4 (49.1 mV dec−1), indicating its faster reaction kinetics. Detailed analysis of its electronic structure, chemical state, and electrochemical impedance indicates that the enhanced OER catalytic performances of bare Au@NiCo2S4 core-shell NPs were a result of its increased proportion of high-valance Ni/Co cations, and its increased electronic conductivity. This work provides a feasible method to improve OER catalytic performance by constructing a metal-semiconductor core-shell heterostructure.