The present invention discloses a switching regulator capable of reducing current ripple and a control circuit thereof. The switching regulator includes a buck power stage circuit and a control circuit. The control circuit includes an operation signal generation circuit and a current source circuit for reducing current ripple. The current source circuit is coupled to the operation signal generation circuit and the buck power stage circuit, for operating a ripple reduction switch therein according to an operation signal, to convert the output voltage to a load voltage between a load node and a reference node, and to reduce a current ripple of the output current, so as to generate a load current which is supplied to a load circuit, wherein the load circuit is coupled between the load node and the reference node, and the current source circuit is coupled between the output node and the load node.