Color stability in multi-emissive layer organic light emitting devices (Me-OLEDs) has been investigated. Me-OLEDs were based on multiple emitters with a common host CBP doped with three dopants, BCzVBi, Ir(ppy)3 and Ir(btp)2acac for blue, green and red emission. A major variation in CIE coordinates were found from (0.312, 0.294) to (0.236, 0.267) with increase in voltage from 6 to 9 V. This coordinate shift in Me-OLEDs has been attributed to the shifting of recombination zone with increase in voltage. In order to support our experimental observation, the EL spectrum of Me-OLEDs has been expressed as a linear combination of EL intensities of OLEDs with its individual constituting layers as emitters. In this way, the contribution of each layer in the EL spectrum of Me-OLEDs has been evaluated at each voltage. It has been observed from these calculations that the contribution of red emitter decreases from 47% to 33.33% and blue emitter increases from 38% to 51.67% with the increase in voltage from 6 to 9 V. This supports our hypothesis of shifting of recombination zone with the change in voltage. This shifting has been attributed to the field dependency of electron mobility in CBP. Me-OLED with CBP layers between the emitters was fabricated to improve the color stability. Significant improvement in color stability was achieved without changes in current efficiency in Me-OLED with interlayers. © 2012 Elsevier B.V.