A series of waterborne polyurethane-polyhedral oligomeric silsesquioxane (WBPU-POSS) dispersions were synthesized. Different POSS contents were used to evaluate the effect of POSS content on silicone enrichment under both nonimmersed and immersed conditions. The impact of silicone enrichment under immersed conditions on antifouling properties was also evaluated. The structure of the WBPU-POSS coating was identified by FT-IR and 29Si-NMR. X-ray photoelectron spectroscopy (XPS) analysis confirmed a silicone-enriched surface with a certain composition of the WBPU-POSS coating under both nonimmersed and immersed conditions. The mechanical properties, hydrophilicity and hydrolytic degradation of the coating all varied with POSS content. The long-term antifouling performance of immersed coatings depends on surface silicone enrichment, which was found to be above 0.0021 mole POSS content in WBPU-POSS coatings.