The electronic structure and magnetic properties of Gd7−xYxPd3 (x = 0, 1, 2, 4) single crystals were examined. These compounds crystallized in the same crystal structure type (Th7Fe3) with the same c/a ratio of 0.63. A strongly anisotropic behavior of the magnetic and transport properties was found. Magnetic frustration and spin fluctuations on the palladium atoms are responsible for the complex magnetic properties of this ternary compound. As a part of current research we presented further characteristic of the Gd 7−x Y x Pd 3 (x = 0, 1, 2, 4) single crystal.