Short, unidirectional and laminated hybrid composites have been extensively investigated. However, very limited work has been conducted on three-dimensional (3-D) braided hybrid composites. In this work, 3-D braided carbon and Kevlar fibres were hybridized to reinforce a bismaleimide (BMI) resin. The purpose of this paper was to investigate the effect of carbon to Kevlar ratio on such mechanical properties as load–displacement behaviour, flexural strength and modulus, shear strength, and impact properties. The effect of surface treatment of hybrid fabrics on the flexural properties was also determined. Experimental results showed that the flexural strength and modulus of the 3-D braided carbon/Kevlar/BMI composites increased with relative carbon fibre loading up to a carbon to Kevlar ratio of 3:2 and then dropped. Positive hybrid effects were observed for both flexural strength and modulus. The results presented in this work proved that hybridization with certain amount of ductile Kevlar fibre markedly promoted the shear strength, impact energy absorption characteristics and damage tolerance of the all-carbon composite, which is of importance for the 3-D braided composites to be used in bone fixations. Fracture surfaces and microstructures of various 3-D braided hybrid composites were analyzed to interpret the experimental findings.