To improve the efficiency of polymer electrolyte membrane water electrolyzers (PEMWEs), catalysts with high activity and stability in the oxygen evolution reaction (OER) have been extensively investigated. In this study, using a novel solution-reduction process, self-assembled Ir/IrOx OER catalysts are prepared, with a controlled Ir oxidation-state ratios. Spectroscopic and electron microscopic analyses confirm that these catalysts have a gradient oxidation state, which gradually decreases from the shell to the core. In half-cell tests, before and after the accelerated stress test (AST) at 10 mA cm−2, the optimized Ir/IrOx catalyst exhibits an overpotential change of approximately 21 mVRHE, which is 3.3 times lesser than that of the state-of-the-art IrO2 (approximately 69 mVRHE). Further, quantification of the dissolved Ir content during the AST shows that the Ir/IrOx catalyst has a strong corrosion resistance under acidic OER conditions. Single-cell testing of the as-prepared OER catalyst demonstrates a remarkable cell performance of 1.73 V at 1.0 A cm−2. After 48-h durability testing, the increase in the membrane electrode assembly cell voltage with the as-prepared OER catalyst is approximately 5.3 times lesser than that of the reference at 250 mA cm−2. The proposed novel catalyst with high activity and stability can aid the development of cost-effective PEMWE systems.