To provide a control valve which is capable of maintaining the minimum operation of a variable displacement compressor, by causing a valve section thereof to be fully opened, irrespective of the expanded or compressed state of a bellows, even when the suction pressure of the compressor is high. In the control valve for a variable displacement compressor, a bellows is disposed between a pressure-sensing piston and a core in a pressure-sensing chamber, and a pressing force-transmitting member which is fixed to a plunger is interposed between the pressure-sensing piston and the bellows. Then, a spring which urges the pressing force-transmitting member toward a valve section is disposed between the pressing force-transmitting member and the bellows. As a result, even if the bellows contracts due to high suction pressure Ps, the pressing force-transmitting member is held in a state being urged toward the valve section by the spring, which causes a valve element to be pushed upward via the pressure-sensing piston, to make the valve section fully open, whereby the minimum operation of the compressor can be maintained.