During the later reproductive period of rice growth, the chlorophyll in the leaves degraded, accompanied by the nitrogen (N) transportation from leaves to panicle, resulting in a change in leaf color from green to yellow. This study aimed to investigate the effects of exogenous N supply on leaf color-changing, N accumulation, N transportation, and N loss of indica-japonica hybrid rice during the grain-filling stage. Two indica-japonica hybrid rice cultivars, Chunyou 167 (CY167) and Chunyou 927 (CY927), which exhibited significant differences in leaf color-changing during the grain-filling stage, were selected as materials for field experiment and hydroponic experiment with low, medium, and high N treatments (LN, MN, and HN). The dynamic changes in SPAD value from heading to maturity were measured and fitted with quadratic function to extract leaf color-changing parameters; labeled 15N was used as N source after heading to trace the source of N in the panicle and the remobilization of vegetative organ N. The results showed that 67.37–72.38% of the panicle N was transported from vegetative organs, the N transport efficiency was the upper three leaves > lower leaves > stem, and about 3.1–35.0% of the transported N was lost via volatilization. The effects of exogenous N concentration on N harvest index, N dry matter/grain production efficiency, N reuse efficiency, and N loss were closely related to leaf color-changing parameters. In MN and HN treatment, the N loss was negatively correlated with the onset time of leaf color-changing (T0) and the final leaf color index (CIf), but positively correlated with the leaf color-changing rate (Rmean). Increasing the supply of exogenous N increased T0 and CIf, but decreased Rmean, N transport/reuse efficiency, N harvest index, and N dry matter/grain production efficiency. Compared to the cultivar CY167 with normal leaf color-changing, the “stay-green” cultivar CY927 had higher T0, CIf, and lower Rmean, resulting in less N volatilization loss, lower N harvest index and N transport efficiency, while higher N reuse efficiency. In conclusion, the exogenous N supply affects leaf color by influencing the transportation and reuse of leaf N during the grain-filling stage.