Commercialization of the polymer electrolyte membrane fuel cell (PEMFC) requires that electrocatalysts for oxygen reduction reaction (ORR) satisfy two main considerations: materials must be highly active and show long-term stability in acid medium. Here, we describe the synthesis, physical characterization, and electrochemical evaluation of carbon-dispersed Pt₂NiCo nanocatalysts for ORR in acid medium. We synthesized a trimetallic electrocatalyst via chemical route in organic medium and investigated the physical properties of the Pt₂NiCo/C nanocatalyst by X-ray diffraction (XRD), energy-dispersive X-ray spectroscopy-scanning electron microscope (EDXS-SEM), and scanning transmission electron microscopy (STEM), whereas the catalytic activities of the Pt₂NiCo/C and Pt/C nanocatalysts were determined through cyclic voltammetry (CV), CO-stripping, and rotating disk electrode (RDE) electrochemical techniques. XRD and EDXS-SEM results confirmed the presence of the three metals in the nanoparticles, and scanning transmission electron microscopy (STEM) allowed observation of the Pt₂NiCo nanoparticles at ~10 nm. The measured specific activity for the synthesized nanocatalyst is ~6.4-fold higher than that of Pt/C alone, and its mass activity is ~2.2-fold higher than that of Pt/C, which is attributed to the synergistic interaction of the trimetallic electrocatalyst. Furthermore, the specific and mass activities of the synthesized material are maintained after the accelerated stability test, whereas the catalytic properties of Pt/C decreased. These results suggest that the Pt₂NiCo/C trimetallic nanocatalyst is a promising candidate cathode electrode for use in PEMFCs.