Bovine trabecular bone specimens were tested in multiaxial stress, including pure shear, in a special test device. Shear strength was proportional to apparent density to the exponent 1.65, in approximate agreement with theoretical and experimental studies on the shear strengths of porous foams. The mean shear strength was 6.60 ± 1.66 MPa, after normalizing for apparent density. This compares well with normalized shear strengths from Saha and Gorman's (1981) study on human femora. A scanning electron microscope study indicated random trabecular architecture and a complex fracture mechanism at the level of the individual trabecular struts. Hoffmann's (1967) 3-D isotropic failure criterion was applied to the multiaxial test data, along with data from uniaxial compression tests, indicating a compressive strength approximately three times the tensile strength.