We have investigated the dependence of the magnetization, anisotropy, coercivity, and Kerr rotation on the Fe concentration in FeCo/Pd multilayer thin films, where the Fe concentration in the FeCo sublayer varied between 0 and 100% with maintaining the same sublayer thickness of $2.5;{AA}$ FeCo and $10.5;{AA}$A Pd. The maximum saturation magnetization was observed at the Fe concentration of about 48at.% in the FeCo sublayer. Perpendicular magnetic anisotropy and coercivity of the FeCo/Pd multilayer thin film decreased monotonically with increasing the Fe con-centration. The Kerr rotation angle also decreased with increasing the Fe concentration and the amount of vari-ation was remarkably changed with decreasing the light wavelength.