A damping valve includes a valve seat member having a port and a first valve seat surrounding the port, a main valve body seated on or unseated from the first valve seat, the main valve body having a second valve seat oppositely to the valve seat member, a subsidiary valve body seated on or unseated from the second valve seat, a valve-body intermediate chamber provided between the main valve body and the subsidiary valve body in an inner circumferential side of the second valve seat, a restrictive passage that causes the port and the valve-body intermediate chamber to communicate with each other, the restrictive passage being configured to apply resistance to a flow of fluid passing therethrough, and a subsidiary valve body biasing means configured to bias the subsidiary valve body toward the main valve body.