Ultralarge magneto-electroluminescence (MEL) as high as ≈160% is achieved in donor–acceptor blend exciplex-based organic light-emitting diodes at room temperature. Such large MEL is crucially determined by the activation energy in the exciplex manifold. It is caused by the field-induced reverse intersystem crossing in the exciplexes, which is driven by a Δg spin-mixing mechanism.