Although organic solar cells (OSCs) have received increasing attention because of their high device efficiencies, the fundamental mechanism governing their photostability remains elusive. Here, we demonstrate the effect of the luminescence stability of the acceptor components on the burn‐in voltage loss of binary and ternary OSCs. A systematic characterization reveals that the acceptor component experiences an abnormal decrease in luminescence under photoaging—specifically, photoinduced luminescence quenching—because of a photoinduced conformational change. This phenomenon increases nonradiative recombination in blends and thus causes a substantial nonradiative voltage loss of OSCs. Moreover, an introduction of a third component with high luminescence stability can effectively reduce the burn‐in voltage loss of OSCs. A composition‐dependent photostability study of the resultant ternary OSCs reveals that the reduction in the burn‐in voltage loss of OSCs is mainly driven by the third component distributed in the mixed phase; high luminescence stability of this component effectively prevents the increase in nonradiative voltage loss by photoaging. Our results suggest that improving the luminescence stability of the acceptor components can be effective method for highly stable photovoltaics with greatly reduced burn‐in voltage loss.This article is protected by copyright. All rights reserved.