Photovoltaic materials, especially perovskite solar cells (PSCs) are promising candidates for rising global energy demands. Here, five phenothiazine-based hole-transporting materials (AZOM1, AZOM2, AZOM3, AZOM4, and AZOM5) are designed by Schiff base chemistry with A-π-D-π-A framework for PSCs. We executed density functional theory calculations to explore the electronic, photo-physical, photovoltaic, and charge-transporting properties of the studied hole-transporting materials (HTMs). Our results indicate that AZOM1-AZOM5 HTMs possess more negativeHOMO energies (−5.64 to − 5.49 eV), lower bandgaps, and superior solubility as compared to Spiro-OMeTAD (HOMO energy = − 4.47 eV) and reference AZO-II (HOMO energy = − 4.68 eV), which enhanced their hole extraction and open-circuit photo-voltage (VOC). The transition density matrix and hole-electron distribution analyses show that AZOM1- AZOM5 molecules have ultrafast charge transmission, low overlapping between holes and electrons, and a higher dissociation rate than the Spiro-OMeTAD and AZO-II HTMs. The designed HTMs have smaller exciton binding energies than the Spiro-OMeTAD and AZO-II, allowing electron-hole pairs to dissociate into positive and negative charges smoothly. AZOM1-AZOM5 HTMs have higher hole charge transfer integral than the AZO-II, facilitating high hole mobility in PSCs. All designed HTMs have higher VOC (1.49 to 1.64 V) and lower energy losses (0.63 to 1.03 eV) than the Spiro-OMeTAD and AZO-II HTMs. Moreover, the AZOM1-AZOM5 HTMs demonstrated deeper HOMO energies, high solubility, more stability, and high open-circuit photo-voltages than the recently reported HTMs at “MPW1PW91/6-31G (d, p)” level of theory. Overall, the AZOM1-AZOM5 HTMs are very effective in boosting the solubility, charge-transporting ability, and efficiency of PSCs.