Recent advances in the material design and synthesis of nonfullerene acceptors (NFAs) have revealed a new landscape for polymer solar cells (PSCs) and have boosted the power conversion efficiencies (PCEs) to over 15%. Further improvements of the photovoltaic performance are a significant challenge in NFA‐PSCs based on binary donor:acceptor blends. In this study, ternary PSCs are fabricated by incorporating a fullerene derivative, PC61BM, into a combination of a polymer donor (PBDB‐TF) and a fused‐ring NFA (Y6) and a very high PCE of 16.5% (certified as 16.2%) is recorded. Detailed studies suggest that the loading of PC61BM into the PBDB‐TF:Y6 blend can not only enhance the electron mobility but also can increase the electroluminescence quantum efficiency, leading to balanced charge transport and reduced nonradiative energy losses simultaneously. This work suggests that utilizing the complementary advantages of fullerene and NFAs is a promising way to finely tune the detailed photovoltaic parameters and further improve the PCEs of PSCs. Ternary polymer solar cells are successfully developed by combining a fullerene derivative and a nonfullerene material as acceptors. The introduction of PC61BM into the PBDB‐TF:Y6 blend effectively improves the charge transport properties and reduces the nonradiative energy loss. Ultimately, the main photovoltaic parameters are simultaneously enhanced in the ternary devices, leading to an outstanding efficiency of 16.5% (certificated as 16.2%).