Scientists investigated highly efficient phosphorescent organic light-emitting diodes (PHOLEDs) based on three novel 1,3,5-triazine derivatives as the host materials and two kinds of iridium complexes as the guests, respectively. For comparison, the devices using a common phosphorescent host 4,4′-N,N′-dicarbazolebiphenyl (CBP) have also been fabricated. Results show that the devices using 9-(4-(4,6-diphenyl-1,3,5-triazin-2-yl)phenyl)-9H-carbazole (PTC) and 4-(4,6-diphenoxy-1,3,5-triazin-2-yl)-N,N-diphenylaniline (POTA) as host have better performance than that of CBP. In comparison with the PHOLEDs based on CBP host, PTC- and POTA-based PHOLEDs show significantly lower driving voltages and higher power efficiencies. The high bipolar carrier mobility of the host is found to be critical to this kind of doping system, which would balance the injection of both carriers and improve efficiency.