In this paper, the thermomechanical behavior of shape memory alloys (SMAs) subjected to uniaxial cyclic loading is investigated. To obtain experimental data, the strain-controlled cyclic loading-unloading tests are conducted at various strain-rates and temperatures. Dislocations slip and deformation twins are considered to be the main reason that causes the unique cyclic mechanical behavior of SMAs. A new variable of shape memory residual factor was introduced, which will tend to zero with the increasing of the number of cycles. Exponential form equations are established to describe the evolution of shape memory residual factor, elastic modulus and critical stress, in which the influence of strain-rate, number of cycles and temperature are taken into account. The relationship between critical stresses and temperature is modified by considering the cycling effect. A macromechanical constitutive model was constructed to predict the cyclic mechanical behavior at constant temperature. Based on the material parameters obtained from test results, the hysteretic behavior of SMAs subjected to isothermal uniaxial cyclic loading is simulated. It is shown that the numerical results of the modified model match well with the test results.