This paper presents a numerical inverse method dedicated to the characterization of adhesive joints under multiaxial and dynamic loading conditions. The properties under scrutiny are the constitutive behavior of the joint as well as the final fracture surface. The experimental setup consists of a Split Hopkinson Pressure Bar system and local strain measurements performed by Digital Image Correlation (DIC) as well as a novel specific sandwich specimen denoted as DODECA. The direct numerical model is an original Finite Element computation combining 3D and 1D elements for an optimal handling of wave reflection and interfaces. It further provides an optimal compromise between computation time and accuracy. The identification method is based on the Finite Element Model Updating method (FEMU). Material parameters are identified for three different multiaxial loading conditions and presented as yield and fracture surfaces in the space of equivalent von Mises stress vs hydrostatic stress. As a complement of the analysis, uncertainties and confidence of the identified parameters are estimated with precise qualitative tools.