An indexable drilling tool includes a cutting insert and a body. The body has a cylindrical shape. The body has a chip discharge groove and a tip seat. The chip discharge groove is in an outer circumference of the body. The tip seat is at a distal end of the body. The tip seat where the cutting insert is placeable wherein. Among wall surfaces constituting the chip discharge groove, a wall surface facing in a direction opposite to a rotating direction of the body. The wall surface has a bulging portion at a distal end thereof. The bulging portion protrudes so as to cover a part of a top surface of the cutting insert. A maximum gap between the bulging portion and the top surface of the cutting insert is smaller than a height of a wall constituting the tip seat.