Provided is a two-way clutch capable of making a size in an axial direction thereof compact. A first engaging element and a second engaging element are arranged in a first wedge-shaped space and a second wedge-shaped space between an outer member and an inner member. The first engaging element is held by the first retainer and the first retainer is enabled to swing to the outer member. The second engaging element is held by the second retainer and the second retainer is enabled to swing to the outer member. In a side view orthogonal to an axial direction of the first engaging element and the second engaging element, at least a part of the first engaging element and at least a part of the second engaging element overlap in the axial direction.