An air-conditioning apparatus includes a bypass pipe that has one end connected to the discharge side of a compressor and through which refrigerant exiting the compressor flows, an auxiliary heat exchanger that is connected to the other end of the bypass pipe and the suction part of the compressor, and cools refrigerant flowing through the bypass pipe and supplies the cooled refrigerant to the suction part of the compressor, and a flow regulating unit that is provided on the refrigerant outlet side of the auxiliary heat exchanger, and regulates the flow rate of refrigerant routed into the suction part of the compressor from the auxiliary heat exchanger.