A transparent display device is disclosed, which may prevent a short circuit from occurring between first and second capacitor electrodes of a capacitor. The transparent display device includes a substrate provided with a display area including a transmissive area and a non-transmissive area, in which a plurality of subpixels are disposed, and a non-display area adjacent to the display area, a driving transistor provided in the non-transmissive area over the substrate, including an active layer, a gate electrode, a source electrode and a drain electrode, and a capacitor provided in the non-transmissive area over the substrate, including a first capacitor electrode and a second capacitor electrode. The second capacitor electrode is not overlapped with the active layer of the driving transistor.