Power factor correction (PFC) converters have been frequently employed in various switching power supply devices to reduce input current harmonics. However, the PFC converter suffers from an obvious twice-line-frequency output voltage ripple due to the instantaneous power imbalance between constant output power and variable input power. Suppression of twice-line-frequency ripple usually can be realized by the post-stage DC-DC converter of the two-stage cascade PFC converter; however, the two-stage cascade PFC structure is challenging to realize high efficiency since the energy is transferred twice. To achieve high power factor, high efficiency, and low twice-line-frequency ripple, a hybrid quasi-single-stage (QSS) AC-DC converter is presented in this paper, which consists of a dual output hybrid Boost/Flyback PFC converter and a Buck ripple compensation circuit (RCC). The fundamental principles of the proposed converter and the critical conditions of operation mode transition are discussed in the paper. To confirm that the twice-line-frequency ripple is effectively suppressed, the small signal model of Buck RCC is built and analyzed. Moreover, the main characteristics, including operation mode transition angle, input current, power factor, and switching frequency of the proposed hybrid QSS AC-DC converter, are analyzed. By building a 120 W experimental prototype to validate the feasibility of the proposed hybrid QSS AC-DC converter, the experimental results show that the proposed converter can realize PFC function with high efficiency and extremely low twice-line-frequency output voltage ripple.