Rubberized concrete exhibits enhanced toughness and sustainability but suffers from reduced mechanical strength, limiting its applications. This study enhanced the compressive strength of rubberized concrete using hybrid steel/glass fibers. The results showed a positive synergy between the hybrid fibers, with improvements in compressive strength, elastic modulus, Poisson’s ratio, peak strain, and compressive toughness by 16.1%, 19.4%, 32.0%, 63.4%, and 101.7%, respectively, at a hybrid fiber content of 0.8% (steel fiber 0.6% and glass fiber 0.2%). A well-fitting stress–strain model was adopted for future constitutive simulations. This study advances the understanding of rubberized concrete with hybrid steel/glass fibers under axial compression and promotes its application in structural engineering.