Rotor blade tip leakage loss influences turbine stage efficiency. A parametric optimization method based on five design variables combined with Non-Linear Programming by Quadratic Lagrangian to optimize the turbine efficiency estimated from computational fluid dynamics analysis has been used to obtain estimates of the optimal cavity depth and split rib location within the tip cavity, which appears to improve the stage efficiency by 1.5%. Besides the design point, the influence of the optimized tip cavity shape impacts the performance of the rotor at different rotational speeds and pressure ratios. In this study, by comparing different tip cavity shapes, it is shown that a dual-cavity shape on the rotor blade tip with a stream-direction split rib can effectively control the air flow bending angle inside the tip clearance and improve the aerodynamic performance. The compressible unsteady Reynolds-averaged Navier–Stokes model is used to verify the adaptability of the optimized tip cavity shape to periodic wake disturbances, and the results demonstrate that the time-averaged estimate of the efficiency can be improved by 1.3% compared to that of the flat rotor tip.