Zoom lens and image pickup apparatus including same

In a zoom lens in which the interval between adjacent lens units changes during zooming, a magnification-varying lens group includes a lens group V having a negative refractive power and a lens unit C having a negative or positive refractive power. The lens group V includes a first magnification-varying lens group V1 including a lens unit V1a having a negative refractive power and a lens unit V1b having a negative refractive power. The lens units V1a and V1b move toward the image side such that the interval between the two lens units is largest at the telephoto end. The lens unit interval m1 on the optical axis between the lens units V1a and V1b at the wide angle end and the maximum lens unit interval m2 on the optical axis between the lens units V1a and V1b during zooming are set as appropriate.