The isocyanate-terminated linear polyurethane prepolymer (LPPU) was successfully synthesized via step-by-step polymerization, with isophorone disocyanate (IPDI) and polytetramethylene ether glycol (PTMG, M n 5 2000 g/mol) used as raw materials, dibutyltin dilaurate (DBTDL) as the catalyst, 1,4-butanediol (BDO) as the chain extender and anhydrous ethanol (EtOH) as the blocking agent. Then the hyperbranched poly (urethane-urea) (HBPU) containing amino groups was synthesized by grafting LPPU on amino-terminated hyperbranched polymers (NH 2 -HBP). The molecular structure of LPPU and HBPU were characterized by means of FT-IR and 1 H-NMR. It was founded that LPPU and HBPU were successfully synthesized as anticipated. The thermal stability and crystalline morphology of LPPU and HBPU were characterized and analyzed by TG and XRD. Additionally, it was also found that, after addition of 10% HBPU, the water absorption rate, water vapor transmission rate, and water vapor permeability increased markedly by 162.02%, 400.00%, 260.00%, respectively. The tensile strength of membrane decreased by 24.57% and the elongation at break increased by 26.92%. Compared with the leather finished by commercial PU finishing agent, the leather finished by HBPU presented better properties. The water vapor permeability of the leather finished by increased by 13.0%, and the dry-and wet-rub resistances and the physical and mechanical performances were excellent.