Provided is a voltage regulator capable of suppressing fluctuation in a limited current. The voltage regulator includes: a first differential amplifier circuit configured to compare a voltage based on an output voltage and a reference voltage to each other, to thereby output a first voltage; a second differential amplifier circuit configured to compare the first voltage and a second voltage to each other, to thereby output a third voltage; a first transistor configured to receive the third voltage at a gate thereof such that the output voltage is generated at a drain thereof; a second transistor, which includes a gate connected in common to the gate of the first transistor and has a predetermined size ratio to the first transistor; and a voltage generating unit, which includes one end connected to a drain of the second transistor and is configured to generate the second voltage at the one end.