A variable displacement compressor adjusts the pressure in a control pressure chamber and controls the displacement in accordance with the adjusted pressure. Refrigerant is supplied via a supply passage, and released via a bleed passage. The compressor includes a first control valve for adjusting the cross-sectional area of the supply passage for refrigerant. The compressor further includes a second control valve that adjusts the cross-sectional area of the bleed passage in accordance with the opening/closing state of the first control valve. The second control valve adjusts the cross-sectional area of the bleed passage such that the cross-sectional area when the first control valve is in the closed state is larger than that when the first control valve is in the opened state. The back pressure chamber is located in a section of the bleed passage that is located between the second control valve and the control pressure chamber.