An image encoding/decoding method and apparatus are provided. An image decoding method performed by an image decoding apparatus may comprise obtaining, from a picture parameter set, a first signaling flag specifying whether an identifier of a subpicture splitting a current picture is signaled using the picture parameter set, obtaining identifier information of the subpicture from the picture parameter set, based on the first signaling flag specifying that the identifier of the subpicture is signaled using the picture parameter set, and decoding the current picture by decoding a current subpicture identified based on the identifier information.