A rotary electronic component includes a base member, a shaft attached to the base member so as to be rotatable around an axis, and a regulating member that regulates a rotation angle of the shaft. The shaft includes a flange section including a projecting sections and recessed sections alternately disposed in a circumferential direction. The regulating member includes a contact member in contact with the projecting sections and the recessed sections of the flange section of the shaft, and a biasing member that biases the contact member radially inwardly toward the shaft.