Multilevel thresholding segmentation of color images plays an important role in many fields. The pivotal procedure of this technique is determining the specific threshold of the images. In this paper, a hybrid preaching optimization algorithm (HPOA) for color image segmentation is proposed. Firstly, the evolutionary state strategy is adopted to evaluate the evolutionary factors in each iteration. With the introduction of the evolutionary state, the proposed algorithm has more balanced exploration-exploitation compared with the original POA. Secondly, in order to prevent premature convergence, a randomly occurring time-delay is introduced into HPOA in a distributed manner. The expression of the time-delay is inspired by particle swarm optimization and reflects the history of previous personal optimum and global optimum. To better verify the effectiveness of the proposed method, eight well-known benchmark functions are employed to evaluate HPOA. In the interim, seven state-of-the-art algorithms are utilized to compare with HPOA in the terms of accuracy, convergence, and statistical analysis. On this basis, an excellent multilevel thresholding image segmentation method is proposed in this paper. Finally, to further illustrate the potential, experiments are respectively conducted on three different groups of Berkeley images. The quality of a segmented image is evaluated by an array of metrics including feature similarity index (FSIM), peak signal-to-noise ratio (PSNR), structural similarity index (SSIM), and Kapur entropy values. The experimental results reveal that the proposed method significantly outperforms other algorithms and has remarkable and promising performance for multilevel thresholding color image segmentation.