Transition metal oxide catalysts with high oxygen reduction activity and durability are highly desirable for use in fuel cells and metal-air batteries. Herein we report, for the first time, the oxygen reduction activity of hollow porous spinel AB2O4 microspheres, where A = Zn2+ and B = Mn3+ and/or Co3+ (i.e., ZnMnxCo2−xO4). Among them, ZnMnCoO4 (x = 1) microspheres exhibit the best oxygen reduction activity with a half-wave-potential only 50 mV lower than that of the Pt/C counterpart and an excellent durability in the alkaline solution. Importantly, the electronic transition of Co3+ ions from low-spin state in commercial Co3O4 catalyst to a mixed high-spin and low-spin state in ZnMnCoO4 catalyst was found to weaken the Co3+-OH bond and facilitate the O2−/OH− displacement. The density functional theory calculation substantiated that ZnMnCoO4 displayed a more favorable binding energy with O2 and oxygenated species, thereby enabling the fast reaction kinetics in the oxygen reduction reaction process.