Pd-Ni alloys with different compositions (i.e. Pd2Ni, PdNi, PdNi2) dispersed on multi-walled carbon nanotubes (MWCNTs) are prepared by ultrasonic-assisted chemical reduction. The X-ray diffraction (XRD) patterns indicate that all Pd and Pd-Ni nanoparticles exist as Pd face-centered cubic structure, while Ni alloys with Pd. The transmission electron microscopy (TEM) images show the addition of nickel decreases the particle size and improves the dispersion. The X-ray photoelectron spectroscopy (XPS) spectra demonstrate the electronic modification of Pd by nickel doping. The electrochemical measurements reveal that the PdNi catalysts have better catalytic activity and stability for formic acid electrooxidation, among them PdNi/MWCNTs is the best. The performance enhancement is ascribed to the increase of electroactive surface area (EASA) and nickel doping effect which might modify the electronic structure. (C) 2011 Elsevier Ltd. All rights reserved.