Malala Yousafzai, a Pakistani advocate for girls' education, and Kailash Satyarthi, a children's rights champion from India, have accepted the 2014 Nobel Peace Prize.
At a December 10 ceremony in Oslo, Malala said she would fight "until I see every child in school."
Satyarthi said there was "no greater violence than to deny the dreams of our children."
Malala and Satyarthi were presented with gold medals and diplomas certifying them as Nobel Laureates.
In her lecture to the Nobel Committee, Malala said she was speaking for the millions of girls who were unable to receive an education.
She called on world leaders to make education their top priority.
Malala was shot in the head by the Taliban in 2012, when she was 15 years old, for campaigning for girls' education.
Malala said she was giving her Nobel Prize money of $1.1 million to a fund to build schools starting with her homeland in the Swat Valley of northwestern Pakistan.
Satyarthi started his acceptance speech by pointing to an empty chair in the room and saying it represented the exploited children of the world, unseen, voiceless, and unnoticed.
Satyarthi received his Nobel Prize for his 35-year battle to free thousands of children from slavery.
"I refuse to accept that the shackles of slavery can ever be...stronger than the quest for freedom," Satyarthi said.
Satyarthi's organization Bachan Bachao Andolan (Movement to Save Childhood) has rescued more than 80,000 children from bonded labor in factories and workshops across India and now has a network of activists in more than 100 countries.
WATCH: Malala Yousafzai and Kailash Satyarthi accept their prizes and speak to the assembly:
Ahead of the award ceremony, Malala spoke out against child labor in an interview with RFE/RL's Radio Mashaal.
"Children should no longer be used for labor and they should be given [opportunities for] higher education," Malala said.
She told the BBC that she hopes to pursue a career in politics and may aspire to be Pakistan's prime minister once she has completed her studies in Britain.