A dual-bearing reel capable of reeling in and reeling out a fishing line includes a reel body, a spool, a spool shaft, an operating member, and an oscillating mechanism. The spool is rotatably supported by the reel body. The spool shaft supports the spool. The operating member is movably provided on the reel body and moves to perform an adjustment operation on a braking force that acts on the spool. The oscillating mechanism causes the fishing line to oscillate in the axial direction in synchronization with a rotation of the spool.