An electrophotographic toner obtained from a dispersion or emulsion liquid of an oil phase containing a toner material in an aqueous medium, the toner including: a binder resin, wherein the toner material includes: (A) an epoxy resin prepolymer; (B) an adduct of a dihydric phenol with a polyalkylene oxide; (C) a phenolic compound, or an alcohol compound, or both thereof; and (D) a carboxylic acid compound, and wherein the binder resin includes a resin obtained by allowing the (A), the (B), the (C) and the (D) to react with each other.