The present invention provides: an electrode material which exhibits excellent resistance to high potentials and strongly acidic environments, while having high conductivity and high electrochemical characteristics; and a fuel cell which uses this electrode material. The present invention also provides a production method for simply and easily obtaining this electrode material. The present invention relates to an electrode material which has a structure wherein a noble metal and/or an oxide thereof is supported by a titanium suboxide carrier that has a Ti4O7 single crystal phase and a specificsurface area of 10 m2/g or more.