An electrolytic capacitor that includes a stack having multiple capacitor elements stacked in a thickness direction perpendicular to a length direction, wherein a first end of a first cathode is first closest to a second external electrode among all of ends of the cathodes of the multiple capacitor elements, a second end of a second cathode is second closest to the second external electrode, and an end of the second external electrode is closer to a first external electrode than the second end of the second cathode.