Using dimensional analysis and the finite element method, the spherical indentation hardness of shape memory alloys (SMAs) is investigated. The scaling relationship between the hardness and the mechanical properties of a SMA, such as the forward transformation stress, the maximum transformation strain magnitude, has been derived. Numerical results demonstrated that the hardness increases with the indentation depth but there is no three-fold relationship between the hardness and the forward transformation stress. Increasing the maximum transformation strain magnitude would reduce the hardness of the material. These research results enhance our understanding of the hardness from the spherical indentation of SMAs.