The van der Waals class of materials offer an approach to two-dimensional magnetism as their spin fluctuations can be tuned upon exfoliation of layers. Moreover, it has recently been shown that spin-lattice coupling and long-range magnetic ordering can be modified with pressure in van der Waals materials. In this work, the magnetic properties of quasi two-dimensional CrBr 3 are reported applying hydrostatic pressure. The application of pressure up to 0.844 GPa shows a 1.77% decrease in saturation magnetization with a decrease in the Curie temperature from 33.05 to 30.41 K. Density functional theory calculations with pressure up to 1 GPa show a reduction in volume and interplanar distance as pressure increases. To further understand the magnetic properties with applied pressure, the magnetocrystalline anisotropy energy (MAE) and exchange coupling parameter(s) ( J ) are calculated. There is small decrease in MAE and the first nearest neighbor interaction ( J 1 ) ( U = 2.7 eV and J = 0.7 eV) is increasing with respect to increasing pressure. Overall, CrBr 3 displays ferromagnetic interlayer coupling and the calculated exchange coupling and MAE parameters match well with the observations from the experimental work. • Hydrostatic pressure decreases saturation magnetization and curie temperature. • Magnetocrystalline anisotropy energy decreases with increasing pressure. • Super exchange coupling increases with increasing pressure. • Pressure decreases the volume and lattice parameters of the system. • The bond angle between Cr-Br-Cr is decreasing up to 1 GPa.