An indexable drill which has cutting edges formed of a plurality of indexable inserts and which provides stable performance so that the accuracy of entrance hole diameter and exit hole diameter is improved and generation of burrs at the hole exit can be suppressed. Indexable inserts which form a center cutting edge and a peripheral cutting edge are attached to a drill main body at an end thereof. A ratio between a cutting contribution of the center cutting edge and a cutting contribution of the peripheral cutting edge is set such that the cutting contribution of the center cutting edge is larger. The indexable insert is disposed so at to project forward in the axial direction from the indexable insert so that an outer-end corner of the peripheral cutting edge engages a workpiece first.