The magnitude of the magnetic field dependence of Youngs modulus of FeCuNbSiB alloys was found to decrease after hydrogenation but to nearly recover after 2–3 h. A large variation in the magnetic and the magnetoelastic properties of as-received sample was observed after hydrogenation. ΔE and M–H results of samples annealed at 450°C showed that annealing could reduce hydrogen permeation into the sample. Practically no variation in the magnetic and magnetoelastic properties of samples annealed at 550°C were observed before and after hydrogenation.