The study focuses on the synthesis and characterization of highly active palladium (Pd) and palladium-gold (Pd-Au) nanoparticles supported on functionalized graphene nanoplatelets for enhanced formic acid oxidation. Results indicate that the Pd-Au nanoparticles demonstrate superior catalytic activity for formic acid electro-oxidation compared to conventional Pd catalysts, attributed primarily to the alloying effect of Au, which mitigates catalyst poisoning. The research highlights the potential of these catalysts in direct formic acid fuel cells, emphasizing their advantages over traditional systems.