This research aims to characterize the effects of elevated temperature and stress state on the yield and fracture behavior of forged TC4 alloy. The uniaxial tensile, compression, and shear experiments were performed with different geometry under wide stress triaxiality at 760–800 °C. The experimental results indicate that the strength of TC4 titanium alloy decreases monotonously and unevenly with the temperature increase. The tension-compression asymmetry changes nonlinearly with temperature and strain, and this asymmetry decreases with increasing temperature. With the increase of stress triaxiality, the dimples in the fracture morphology become larger and deeper, and the ductile fracture mechanism changes from shear fracture to dimple fracture mechanism. A modified-JC constitutive model was proposed, and the coefficient of determination are about 0.981 and 0.971 for UTS and UCS. The temperature related yield function of Cazacu-Barlat2004 was constructed to describe the non-uniform evolution characteristics related to temperature and strain, and the fracture-related variables were calibrated with the hybrid experimental and numerical method under acceptable prediction accuracy. Finally, the temperature-related variables were successfully introduced into the DF2016 fracture model, and the fracture occurrence under different temperature and stress states were predicted with small prediction error. These research results can provide a basis for the shape and performance control of titanium alloy in the hot forming process.