A refrigeration cycle apparatus includes: a first four-way valve having first to fourth ports; a second four-way valve and a third four-way valve each having fifth to eighth ports; a compressor; a discharge pipe connecting a discharge port of the compressor and the first port; a suction pipe connecting a suction port of the compressor and the second port; a first high pressure pipe connecting the discharge pipe and the fifth ports; a second high pressure pipe connecting the third port and the first high pressure pipe; a first valve provided at the first high pressure pipe; a second valve provided at the second high pressure pipe; a low pressure pipe connecting the suction pipe and the sixth ports; a first outdoor heat exchanger connected with the seventh port of the second four-way valve; a second outdoor heat exchanger connected with the seventh port of the third four-way valve; and an indoor heat exchanger connected with the fourth port.