The ethylene-methyl acrylate copolymer (EMA)/nitrile rubber (NBR) thermoplastic vulcanizates (TPV) (EMA/NBR TPV) were prepared by dynamic vulcanization, the dynamic mechanical properties and thermal stability of EMA/NBRTPV were studied, the influence of mass ratio of EMA to NBR, deformation temperature and recovery tempe-rature on the shape memory properties of EMA/NBR TPV under compression mode were investigated syetematically.The microstructure of EMA/NBR TPV was observed and the mechanism of shape memory behavior was proposed.Experimental results showed that EMA/NBR TPV had a typical "sea-island" microstructure, and there was an obvious orientation microstructure on the fracture surface under compression mode; the result of dynamic mechanical analysis showed that EMA and NBR had well compatibility; the result of differential scanning calorimetry testing showed the melting temperature of EMA/NBR TPV was about 98 ℃; the shape fixity ratio of EMA/NBR TPV was increased and the shape recovery ratio was decreased with the increasingmass ratio of plastic phase, while the shape recovery ratio was increased and the shape fixity ratio of EMA/NBR TPV was decreased with the increasing mass ratio of rubber phase.When the deformation temperature was 95 ℃ and the recovery temperature was 100 ℃, EMA/NBR TPV had the best shape memory performance.