Solution processed hybrid silver nanowire (AgNW)-graphene nanoplatelets (GNP) films were prepared and the electrocatalytic activity for the cobalt redox electrolyte in dye-sensitized solar cells (DSSCs) was examined. Cyclic voltammograms and Tafel polarization measurements confirmed the superior electrocatalytic activity of AgNW-GNP electrode than that of standard Pt counter electrode (CE). Electrochemical impedance spectroscopic (EIS) study also revealed the lower charge transfer resistance (Rct) of AgNW-GNP compared to Pt based CE. However, the resistance of the electrolyte diffusion was higher for the AgNW-GNP based CE resulted from the porous structure of the hybrid CE. The photoconversion efficiencies of the DSSC prepared with AgNW-GNP based CE was found to be 2.44%, which was comparable to that of Pt based DSSC, 2.55%. This study proposed an alternative low-cost cathode material for the cobalt redox mediator based DSSCs.