Water electrolysis is a representative electrochemical process to generate hydrogen gas together with oxygen gas by applying electric power. Perfluorinated sulfonic acid (PFSA) ionomers have been widely used as electrode binder materials, in addition to polymer electrolyte membrane materials for water electrolysis to generate hydrogen and oxygen gases with a high purity simultaneously. PFSA binder materials act as physical supports for inorganic catalyst materials in both electrodes. The binder materials play role in transporting protons for hydrogen gas and oxygen gas evolution reaction in the cathode and the anode, respectively. In this study, PFSA ionomers with different chemical architectures and equivalent weights were used as binder materials for water electrolysis. The structure property performance relationship was disclosed.