A coil component according to the present invention includes: a magnetic core made of a mixture of a powdery magnetic material and a binding agent and obtained by press forming the mixture; a coil element embedded in the magnetic core and having an end portion protruding from the magnetic core; and a holding member configured to hold the end portion of the coil element. The holding member has a first slit and a second slit which faces the first slit. The end portion of the coil element and the holding member are welded together in an area between the first slit and the second slit.