The vibration problems associated with geared systems have been the focus of research in recent years. As the torque is mainly transmitted by the geared system, a slant crack is more likely to appear on the gear shaft. Due to the slant crack and its breathing mechanism, the dynamic behavior of cracked geared system would differ distinctly with that of uncracked system. Relatively less work is reported on slant crack in the geared rotor system during the past research. Thus, the dynamic analysis of a geared rotor-bearing system with a breathing slant crack is performed in the paper. The finite element model of a geared rotor with slant crack is presented. Based on fracture mechanics, the flexibility matrix for the slant crack is derived that accounts for the additional stress intensity factors. Three methods for whirling analysis, parametric instability analysis and steady-state response analysis are introduced. Then, by taking a widely used one-stage geared rotor-bearing system as an example, the whirling frequencies of the equivalent time-invariant system, two types of instability regions and steady-state response under the excitations of unbalance forces and tooth transmission errors, are computed numerically. The effects of crack depth, position and type (transverse or slant) on the system dynamic behaviors are considered in the discussion. The comparative study with slant cracked geared rotor is carried out to explore distinctive features in their modal, parametric instability and frequency response behaviors.