To provide an air-conditioning apparatus that is safer and has small conveying power for such as water at the indoor unit side can be made small. It is characterized in that a compressor 10 and a heat source side heat exchanger 12 are accommodated in a heat source apparatus 1, an intermediate heat exchanger 15 and a pump 21 in a relay unit 3, a use side heat exchanger 26 in an indoor unit 2, respectively, and when a controller 60 makes the compressor 10 stop based on the thermo-off due to decrease in the heat load in the use side heat exchanger 26 or an operation stop instruction, the controller 60 makes the pump 21 stop after the compressor 10 is stopped or almost at the same time as the stop.