There is provided a multilayer ceramic electronic component. The multilayer ceramic electronic component includes: a ceramic body including a dielectric layer; first and second internal electrodes disposed to face each other, having the dielectric layer interposed therebetween in the ceramic body; external electrodes formed on external surfaces of the ceramic body and electrically connected to the first and second internal electrodes; and grooves formed in at least one of top and bottom surface of the ceramic body on which the external electrodes are formed.