The liquidus surface projection and isothermal section at 1273 K of the Ni–Ti–V system were established using X-ray diffraction (XRD), scanning electron microscopy (SEM) coupled with energy dispersion spectroscopy (EDS), electron probe micro-analyzer (EPMA) and differential thermal analysis (DTA) techniques. Six primary solidification regions and four invariant reactions were deduced in the liquidus surface projection, and six three-phase regions were derived in the isothermal section at 1273 K. No ternary compound was observed. According to the experimental results in the present work and literatures, the Ni–Ti–V system was modeled by means of the CALPHAD (CALculation of PHAse Diagram) method. Two-sublattice model (Ni,Ti)10(Ni,Ti)20 for binary σ phase was used, and the thermodynamic parameters of the σ and NiV3 phases in the Ni–V system was reassessed. Solution phases (liquid, fcc, bcc and hcp) were modeled with the substitutional solution model in the Ni–Ti–V system. The compounds, Ni3Ti, NiTi2, Ni3V and σ, were treated as (Ni,Ti,V)m(Ni,Ti,V)n, and B2 were treated as (Ni,Ti,V)0.5(Ni,Ti,V) 0.5Va3. A set of self-consistent thermodynamic parameters of individual phases was obtained.