A display device includes: an insulating layer positioned on a first insulating substrate; a pixel electrode including a first subregion electrode applied with a first voltage and positioned beneath the insulating layer, a first subpixel electrode which includes a second subregion electrode positioned on the insulating layer, and a second subpixel electrode which is positioned on the insulating layer and applied with a second voltage; a second insulating substrate facing the first insulating substrate; and a common electrode positioned under the second insulating substrate and applied with a common voltage, wherein one pixel area is divided into a first part in which the second subregion electrode is positioned, a second part in which the first subregion electrode and a portion of the second subpixel electrode overlap each other, and a third part which does not overlap the first subregion electrode in the second subpixel electrode.