In a pressure compensation type flow rate control valve, overshoot of a flow rate when an upstream pressure is abruptly increased is suppressed. A first variable orifice 11 is provided on the side of an inflow opening and a second variable orifice 15 is provided on the side of an outflow opening. As the spool 3 is displaced from its initial position by a pressure of fluid entering when the upstream fluid pressure is increased, the opening of the first variable orifice 11 is gradually reduced, and the opening of the second variable orifice 15 is gradually increased. Since the second variable orifice 15 on the side of the outflow opening is previously reduced, even if the upstream pressure is abruptly increased, fluid more than a predetermined amount does not flow out toward the downstream.