Ni-Mo-P alloy electrodes, prepared by electroless plating, were characterized for application to oxygen evolution. The rate constants were estimated for oxygen evolution on electrodes prepared at various Mo-complex concentrations. The surface area and the crystallinity increase with increasing Mo content. The electrochemical characteristics of the electrodes were identified in relation to morphology and the structure of the surface. The results show that the electroless Ni-Mo-P electrode prepared at a Mo-complex concentration of 0.01 M provided the best electrocatalytic activity for oxygen evolution.