Bifunctional transition metal complexes are of particular interest in metal-ligand cooperative activation of small molecules. As a novel type of bifunctional catalyst, Lewis acid transition metal (LA-TM) complexes have attracted increasing interest in hydrogen activation and storage. To advance the catalyst design, herein the metal effect of LA-TM complexes on the hydrogen activation has been systematically studied with a series of tris(phosphino)borane (TPB) complexes with V, Cr, Mn, Fe, Co, and Ni as metal centers. The metal effect not only influences the mechanism of hydrogen activation, but also notably casts a volcano plot for the activity. TPB complexes of V, Cr, Mn, Fe, and Co tend to activate H 2 through a stepwise mechanism, while TPB-Ni prefers a synergetic mechanism for H 2 activation. More importantly, the metal effect significantly influences the activity of H 2 activation and the formation of the LA-H-TM bridging hydride. The trend of changes in the LA-H-TM structures, the second-order perturbation stabilization energies, and the Laplacian bond orders, along with different metals (from V to Ni), are all interestingly constitute volcano plots for the performance of TPB-TM complexes catalyzed H 2 activation. TPB-Mn and TPB-Fe are found to be the optimal catalysts among the discussed TPB-TM complexes. The volcano plots disclosed for the metal effects should be informative and instructive for homogeneous and heterogeneous LA-TM catalysts development.