The plasma spray-physical vapor deposition (PS-PVD) process has received considerable attention due to its non-line of sight deposition ability, high deposition rates, and cost efficiency. Compared with electron beam-physical vapor deposition (EB-PVD), PS-PVD can also prepare thermal barrier coatings (TBCs) with columnar microstructures. In this paper, yttria-stabilized zirconia (YSZ) coatings were fabricated by PS-PVD. Results showed that the as-deposited coating presented a typical columnar structure and was mainly composed of metastable tetragonal (t -ZrO 2 ) phase. With thermal exposure, the initial t phase of YSZ evolved gradually into monoclinic (m-ZrO 2 ) phase. Significant increase in hardness (H) and the Young's modulus (E) of the coating was attributed to the sintering effect of the coating during the thermal exposure, dependent on exposure temperature and time. However, the values of H and E decreased in the coatings thermally treated at 1300-1500 • C for 24 h, which is mainly affected by the formation of m-ZrO 2 phase.