Composite transparent conductive electrodes (TCEs) consisting of silver nanowires (AgNWs) and conductive metal oxides are very promising for flexible optoelectronic devices due to their smooth surface morphology and high chemical stability. However, it is still challenging to ensure high optoelectronic performance and long-term stability in practical applications. Here, we solved these problems by coating antimony-doped tin oxide (ATO) nanoparticles dispersion on ultra-long AgNWs network using waterborne polyurethane (WPU) binder. Ultra-long nanowires occupy less wire-wire junctions and space than short nanowires, thus increasing the optoelectronic performance and flexibility of the composite TCE. WPU improves the adhesion and stability of ATO nanoparticles to the substrate and AgNWs network. The fabricated composite TCE showed a low sheet resistance of 11.9 Ω sq−1, good optical transmittance of 83% at 550 nm and a figure of merit (FOM) of 162 compared to PET/ITO electrode. It also showed excellent mechanical flexibility, adhesion to the substrate and solvent stability. Furthermore, the long-term conductivity was maintained under ambient conditions for 60 days.