With the development of flexible electronics, the demand for flexibility is gradually put forward for its energy supply device, i.e., battery, to fit complex curved surfaces with good fatigue resistance and safety. As an important component of flexible batteries, flexible electrodes play a key role in the energy density, power density, and mechanical flexibility of batteries. Their large‐scale commercial applications depend on the fulfillment of the commercial requirements and the fabrication methods of electrode materials. In this paper, the deformable electrode materials and structural design for flexible batteries are summarized, with the purpose of flexibility. The advantages and disadvantages of the application of various flexible materials (carbon nanotubes, graphene, MXene, carbon fiber/carbon fiber cloth, and conducting polymers) and flexible structures (buckling structure, helical structure, and kirigami structure) in flexible battery electrodes are discussed. In addition, the application scenarios of flexible batteries and the main challenges and future development of flexible electrode fabrication are also discussed, providing general guidance for the research of high‐performance flexible electrodes.