Provided is a liquid discharging apparatus including a drive signal output circuit that displaces between a first potential and a second potential, and a discharging portion discharging liquid, in which the drive signal output circuit includes a modulation circuit, an amplification circuit, and a demodulation circuit that includes a first capacitor and a second capacitor and outputs a drive signal, the first potential is 25 V or higher, the first capacitor and the second capacitor are coupled to each other in parallel, a change rate of an electrostatic capacitance of the first capacitor when a direct-current voltage is supplied to the first capacitor is smaller than a change rate of an electrostatic capacitance of the second capacitor when the direct-current voltage is supplied to the second capacitor, and an equivalent series resistance component of the second capacitor is smaller than an equivalent series resistance component of the first capacitor.