According to the theory of truss-arch model, the shear mechanism of reinforced concrete beam was analyzed, and formula of shear bearing capacity was proposed. In this formula, softening effect of concrete and the arch function were taken into account, and the coefficients in the formula were amended with experimental data. When the performance difference between the structural material and the original material is huge, the code formula of shear bearing capacity calculation is inapplicable. After the computation, the ratio of the results calculated by truss-arch model theory formula and the results calculated by the current code formula was close to 1, and the standard deviation coefficient and coefficient of variation were smaller than those of standard formula results, and the results calculated by truss-arch model formula were in good agreement with the experimental results. The collected experimental data was calculated with the shear capacity formula in ACI318-08, and the calculation results showed that United States building code was more conservative than the standard of China. The results indicate that the shear bearing capacity formula based on truss-arch model can be used for computation of shear bearing capacity of reinforced concrete beams.