Quasi-static and dynamic mechanical properties of Ni-Ti shape memory alloy bars were investigated by an electronic universal testing machine (INSTRON5985) and Split-Hopkinson Pressure Bar (SHPB), and the microstructure in different conditions was analyzed by microscopic analysis methods, including XRD, OM and SEM. The results show that the Ni-Ti alloy original microstructure consists of B2 austenitic phase, B19' martensite phase and Ni4Ti3 phase with small equiaxed grains; stress induced martensite (SIM) phase transformation occurs during quasi-static and dynamic compression; however, the dynamic compression stress-strain curve show a strain rate hardening effect rather than a yield platform; within a certain range of strain rate, the striped microstructure increases with the increase of strain rate, and the SIM phase transformation expands.