AbstractMagnetic reconnection changes the magnetic field topology and facilitates the energy and particle exchange at magnetospheric boundaries such as the Earth's magnetopause. The flow shear perpendicular to the reconnecting plane prevails at the flank magnetopause under southward interplanetary magnetic field conditions. However, the effect of the out‐of‐plane flow shear on asymmetric reconnection is an open question. In this study, we utilize kinetic simulations to investigate the impact of the out‐of‐plane flow shear on asymmetric reconnection. By systematically varying the flow shear strength, we analyze the flow shear effects on the reconnection rate, the diffusion region structure, and the energy conversion rate. We find that the reconnection rate increases with the upstream out‐of‐plane flow shear, and for the same upstream conditions, it is higher at the dusk side than at the dawn side. The diffusion region is squeezed in the outflow direction due to magnetic pressure which is proportional to the square of the Alfvén Mach number of the shear flow. The out‐of‐plane flow shear increases the energy conversion rate , and for the same upstream conditions, the magnitude of is larger at the dusk side than at the dawn side. This study reveals that out‐of‐plane flow shear not only enhances the reconnection rate but also significantly boosts energy conversion, with more pronounced effects on the dusk‐side flank than on the dawn‐side flank. These insights pave the way for better understanding the solar wind‐magnetosphere interactions.