An insulating member that includes an insulating member body including a first insulating sheet provided in an annular shape to cover a coil that includes a slot-held section and a coil end section, the slot-held section configured to be held in a slot of a stator core, the coil end section configured to protrude from an end surface of the stator core in a rotation axis direction, wherein the first insulating sheet includes a folded-back section that is provided in a portion corresponding to a bent section of the coil and in the portion the first insulating sheet is folded back a plurality of times such that layers of the first insulating sheet are stacked.