Abstract: A thermoplastic resin composition according to the present invention comprises: about 100 parts by weight of a styrene-ethylene-butylene-styrene copolymer including about 10 to about 50 wt % of a first styrene-ethylene-butylene-styrene copolymer having a weight average molecular weight of about 250,000 to about 350,000 g/mol, and about 50 to about 90 wt % of a second styrene-ethylene-butylene-styrene copolymer having a weight average molecular weight of about 100,000 to about 200,000 g/mol; and about 1 to about 25 parts by weight of a polyolefin resin. The thermoplastic resin composition and a molded article formed therefrom are environmentally-friendly, and have excellent processability, flexibility, elastic recovery, lightweightness, durability, and the like.