An electrode catalyst including two or more metal components used in an anode and/or a cathode of a proton exchange membrane fuel cell (PEMFC) or a direct methanol fuel cell (DMFC), a method of preparing the same, and a fuel cell including the electrode catalyst. The electrode catalyst includes an active Pt-based metal and an inactive La-based metal. By including the inactive metal component in the electrode catalyst, in addition to the active Pt-based metal component, higher catalyst activity can be obtained, and the amount of the expensive Pt-based metal can be decreased so that the fuel cell can be produced at relatively low costs. In addition, the active Pt-based metal and the inactive La-based metal are uniformly distributed so that agglomeration of the active Pt-based metal can be blocked (or prevented) and thus the catalyst activity can be maintained constant for a relatively long period of time.