Abstract: Parker Solar Probe observations reveal that the near-Sun space is almost filled with magnetic switchbacks (“switchbacks” hereinafter), which may be a major contributor to the heating and acceleration of solar wind. Here, for the first time, we develop an analytic model of an axisymmetric switchback with uniform magnetic field strength. In this model, three parameters control the geometry of the switchback: height (length along the background magnetic field), width (thickness along radial direction perpendicular to the background field), and the radial distance from the center of switchback to the central axis, which is a proxy of the size of the switchback along the third dimension. We carry out 3D magnetohydrodynamic simulations to investigate the dynamic evolution of the switchback. Comparing simulations conducted with compressible and incompressible codes, we verify that compressibility, i.e., parametric decay instability, is necessary for destabilizing the switchback. Our simulations also reveal that the geometry of the switchback significantly affects how fast the switchback destabilizes. The most stable switchbacks are 2D-like (planar) structures with large aspect ratios (length to width), consistent with the observations. We show that when plasma beta (β) is smaller than one, the switchback is more stable as β increases. However, when β is greater than 1, the switchback becomes very unstable as the pattern of the growing compressive fluctuations changes. Our results may explain some of the observational features of switchbacks, including the large aspect ratios and nearly constant occurrence rates in the inner heliosphere.