A high-strength steel sheet having a tensile strength of at least 780 MPa and excellent punchability comprises a ferrite phase, a martensite phase, and a bainite phase. The area ratio of the martensite phase is 20%-50%; the area ratio of crystal grains having an average crystal grain diameter of less than 1.0 μm in the martensite phase is 5%-30%; the area ratio of crystal grains having an average crystal grain diameter of 1.0-4.0 μm is 70%-95%; and the area ratio of crystal grains having an average crystal grain diameter of more than 4.0 μm is less than 5%.