Soft x-ray magnetic circular dichroism (SXMCD) of the L2 and L3 edges is used to independently determine magnetic information for single crystal FexCo1−x alloy thin films (0≤x≤1) grown on ZnSe(001). Similar to surface magneto-optical Kerr effect (SMOKE) but with element and site specificity, SXMCD, which is the difference between the absorption of left and right circularly polarized soft x rays, can be used to determine a variety of magnetic parameters including spin-orbit and exchange interaction energies. Measurements made at the National Synchrotron Light Source (NSLS) U4B beamline on the Fe–Co alloy system exhibit unique changes in SXMCD signal as a function of alloy concentration. The SXMCD signal is found to rise linearly with reducing atomic concentration for both the Co and Fe. At the dilute limit of 10% FE (x=0.1), the Fe L3 SXMCD is found to increase by almost a factor of three to near 40%. In some Fe/Co structures, the largest reported SXMCD values in excess of 70% are observed! This example shows the utility of SXMCD in obtaining magnetic information in alloy systems in an element specific and even site specific manner.