Peroxiredoxin (Prx) family members play a critical role in host defense against oxidative stress, and are also involved in immune responses following microbial infection. In the present study, we firstly cloned the cDNA of Peroxiredoxin 5 from Procambarus clarkii (denoted as PcPrx5) and investigated its immune functions towards LPS and Poly I:C exposure. The PcPrx5 cDNA was composed of 564 bp and consisting of 187 amino acid residues which included Prx5-like subfamily domain, AHP1 domain and Redoxin domain. The recombinant protein was expressed in Escherichia coli (Transetta DE3), and anti-Prx5 antibodies were prepared. Tissue specific expression analysis showed that PcPrx5 was ubiquitously expressed in all examined tissues. Further, its mRNA transcript was greatest in hepatopancrease, haemocyte followed by gut and stomach, and was weak in muscle. The LPS and Poly I:C exposure could both significantly up-regulate the transcript level of PcPrx5, however the expression trends were different following LPS and Poly I: C treatments. Further, we investigated the antioxidant role of recombinant PcPrx5 protein in vitro by mixed-function oxidase assay; the results demonstrated a dose-dependent inhibition of DNA damage by PcPrx5. Our results implicate PcPrx5 as an important defense against microbial pathogens and oxidants in P. clarkii.