To assist in the design and optimization of dielectric electroactive polymer (DEAP) actuators, an analytical model for the electromechanical response of cone DEAP actuators is developed. Using the Yeoh form strain energy potential and the Maxwell stress tensor, the constitutive relationship of the DEAP that accounts for the electromechanical coupling behavior is deduced. The equilibrium equations of DEAP actuators with a cone configuration are derived and an analytical model is then proposed. With this model, the actuation characteristics of the DEAP actuator, including actuation displacement, force output and efficiency can be calculated. Additionally, the principal stresses and principal stretch ratio of the membrane under different actuation voltages can be determined, along with the wrinkling failure mode of DEAP actuators. The experimental results for the DEAP actuator matched the numerical results determined using the proposed model. As such, the proposed work is beneficial as a guide for the design optimization of DEAP actuators.