This study investigated the effect of water absorption on the residual flexural property of CFRP during thermal cycling. Water absorption tests of CFRP and epoxy resin were conducted for 3 hours and 100 hours at 90°C. Thermal cycling tests of water absorbed CFRP and epoxy resin were also conducted. The temperature of the thermal cycling test ranged from-196ºC to room temperature, and the maximum number of cycles was 10 3 cycles. A static three-point flexural test of water absorbed CFRP was conducted after the thermal cycling test. A damage observation of CFRP during thermal cycling was performed. A singleedge notched bending test of water absorbed epoxy resin was also conducted. As a result, the following conclusions were obtained. In the case where the water absorption rate was 0.3% (3 hours), the flexural strength and modulus of CFRP decreased with an increase in the number of cycles. In the case where the water absorption rate was 1.1% (100 hours), there was almost no change in the flexural strength and modulus of CFRP. From the damage observation, crack initiations in the cross section of 0.3% and 1.1% water absorbed CFRP were found during thermal cycling. The number of cracks in the cross section of 0.3% and 1.1% water absorbed CFRP increased with an increase in the number of cycles. The Mode I fracture toughness of 2.6% (100 hours) water absorbed epoxy resin increased compared with that of 0.7% (3 hours) water absorbed epoxy resin during thermal cycling. Therefore, the flexural property of CFRP was affected by the Mode I fracture toughness of water absorbed epoxy resin.