According to one embodiment, a magnetic memory includes a magnetoresistive effect element provided in a memory cell, the magnetoresistive effect element including a multilayer structure including a first magnetic layer, a second magnetic layer, and a nonmagnetic layer between the first magnetic layer and the second magnetic layer, a first electrode provided on an upper portion of the multilayer structure and including a first material, and a first film provided on a side surface of the first electrode and including a second material which is different from the first material of the first electrode.