There is disclosed a honeycomb structure in which a ring crack is not easily generated. A honeycomb structure includes a honeycomb substrate, and a bulging portion continuously or intermittently surrounding, in a ring shape, at least a part of an outer periphery of the honeycomb substrate. The outer periphery of the honeycomb substrate has one or a plurality of stress relaxing portions which are crevices each having an open end in the surface over a region of −5 to +10 mm or less from a reference bonded portion to a tapered surface, and a total of lengths of all the stress relaxing portions is 3% or more of a circumferential length of the honeycomb substrate.