The effect of volume fraction and hardness of martensite on the Bauschinger effect in Dual Phase (DP) steel was investigated for strain levels close to those observed in automotive stamping. Five different grades of DP steel were produced by controlled heat treatment allowing the examination of the Bauschinger effect for three different volume fractions of martensite and three levels of martensite hardness. Compression-tension and shear reversal tests were performed to examine the Bauschinger effect at high levels of forming strain. Good correlation between the shear reversal and the compression-tension test was observed suggesting that for DP steel, shear stress strain data, converted to equivalent stress-strain, may be applied directly to characterize kinematic hardening behavior for numerical simulations. Permanent softening was observed following strain reversal and increased with martensite volume fraction and pre-strain level. While the Bauschinger ratio saturates at 3% pre-strain, the Bauschinger strain increases linearly with forming strain without showing saturation. This suggests that to model material behavior accurately in forming processes involving complex loading paths and high levels of strain, test data generated at high strain is required.