This paper demonstrates a hybrid transparent electrode composed of a solution-processed silver-nanowire (AgNW) film coated by zinc oxide nanoparticles (ZnO-NPs) acting as a modified buffer layer. The effect of the ZnO-NPs' coating ratio on the performances of indium tin oxide (ITO)-free organic solar cells (OSCs) has been systematically investigated. The optimized ITO-free OSCs achieved a power conversion efficiency (PCE) of 2.85%, while flexible OSCs using the AgNW/ZnO-NP composite transparent electrode grown on a polyethylene terephthalate (PET) substrate showed a PCE of 2.2%.