For any emerging photovoltaic technology to become commercially relevant, both its power conversion efficiency and photostability are key parameters to be fulfilled. Colloidal quantum dot solar cells are a solution-processed, low-cost technology that has reached an efficiency of about 9% by judiciously controlling the surface of the quantum dots to enable surface passivation and tune energy levels. However, the role of the quantum dot surface on the stability of these solar cells has remained elusive. Here we report on highly efficient and photostable quantum dot solar cells with efficiencies of 9.6% (and independently certificated values of 8.7%). As a result of optimized surface passivation and the suppression of hydroxyl ligands—which are found to be detrimental for both efficiency and photostability—the efficiency remains within 80% of its initial value after 1,000 h of continuous illumination at AM1.5G. Our findings provide insights into the role of the quantum dot surface in both the stability and efficiency of quantum dot solar cells. Controlling the surface of quantum dots has enabled higher efficiency in quantum dot solar cells. Now, the role of surface passivation and suppression of hydroxyl ligands in the performance and photostability of cells with an efficiency of 9.6% is unveiled.