SO2-depolarized electrolysis (SDE) is the key process in the hybrid sulfur cycle for green hydrogen production, but the detailed SDE characteristics including products generation, current efficiency variation, and side reactions are unclear. Herein, a continuous SDE process was experimentally conducted and theoretically modelled. The H2 and H2SO4 production was accelerated and the current efficiency for both electrodes was improved with a proper increase in current density (50−100 mA/cm2) or temperature (293−318 K), but further increasing current density to 150 mA/cm2 or temperature to 333 K led to a negative trend because of the anode corrosion or declined SO2 solubility. The increasing initial H2SO4 concentration (10−40 wt%) facilitated the cathodic H2 production and current efficiency, while negatively influenced the anodic SO2 conversion. The parasitic reactions occurred at cathode consumed H2 and resulted to the cathodic current efficiency well below 100%. A rigorous mathematical regression model correlating the production rates of H2 and H2SO4 with current density, temperature, and initial H2SO4 concentration was developed, and combined with the analysis of variance, current density was suggested the biggest factor affecting products generation in SDE process. These findings demonstrate a practical avenue for efficient SO2 conversion and H2 production in SDE process of hybrid sulfur cycle.