A new carbon-supported PdNi (PdNi/C) catalyst is prepared by a simple simultaneous reduction reaction with sodium borohydride in glycol solution. The results show that the performance of PdNi/C catalyst for formic acid oxidation is greatly improved compared with that of Pd/C. X-ray diffraction (XRD) results show that Ni exists in the catalyst both as NiO and as PdNi alloy. The value of the apparent activation energy shows that the activity of formic acid oxidation on the PdNi/C is more sensitive to temperature compared with Pd/C.