Based on the classical Preisach model, combined with the magneto-mechanical coupling effect of Giant magnetostrictive materials (GMM), this paper introduces the Everett function to optimize the classical Preisach hysteresis model and improve its accuracy. By importing dynamic parameters, the dynamic Preisach hysteresis model is established. Combined with the constitutive model of GMM, a dynamic Preisach hysteretic nonlinear magnetostrictive actuator model based on the ΔE effect is established. Then, the finite element simulation is carried out by Comsol software and compared with the theoretical model simulation. The results show that the error between the magnetostrictive strain of the established hysteresis model and the finite element simulation results is less than 100 ppm, which verifies the accuracy of the proposed model. Finally, the curves of magnetic field intensity, magnetic induction intensity, magnetization, magnetostrictive strain and ΔE effect of GMA are obtained by using this model.