A coil component may include: a magnetic body; and first and eighth external electrodes formed on one surface of the magnetic body, second and third external electrodes and sixth and seventh external electrodes that are formed on two surfaces adjacent to the one surface of the magnetic body, respectively, and fourth and fifth external electrodes formed on the other surface opposing the one surface of the magnetic body. The magnetic body includes upper and lower substrates and first to fourth coil parts disposed between the upper and lower substrates and enclosed by an insulation film, the first to fourth coil parts having coupled coils wound in parallel on the same plane, respectively, so that magnetic fluxes in the coupled coils are formed in directions opposite to each other, the coupled coils being composed of first to eighth coils.