The present invention provides expanded beads of thermoplastic polyurethane, wherein the thermoplastic polyurethane constituting the expanded beads is an ether-based thermoplastic polyurethane, and a difference (T1−T2) between a melting peak temperature (T1) and a melting peak temperature (T2) is from 0 to 8° C., wherein the melting peak temperature (T1) is a melting peak temperature at the time of first heating in a DSC curve obtained by heating the expanded beads from 20° C. to 260° C. at a heating rate of 10° C./min, the melting peak temperature (T2) is a melting peak temperature at the time of second heating in a DSC curve obtained by cooling from 260° C. to 20° C. at a cooling rate of 10° C./min after the first heating and further heating again from 20° C. to 260° C. at a heating rate of 10° C./min, and the DSC curves are obtained by the heat flux differential scanning calorimetry in conformity with JIS K7121-1987. The expanded beads of thermoplastic polyurethane not only have excellent surface appearance and fusion bonding properties but also have a low shrinkage factor.