According to an embodiment, an electronic device may include a first sensor configured to detect a movement, a second sensor configured to measure an oxygen saturation, a memory, and at least one processor operatively connected to the first sensor, the second sensor, and the memory, and the at least one processor is configured to identify whether a period in which a posture is maintained before a movement is detected is greater than or equal to a predetermined period based on a movement greater than or equal to a predetermined value being detected via the first sensor, to identify an oxygen saturation reference value stored in the memory based on the period in which the posture is maintained before the movement is detected being greater than or equal to the predetermined period, and to adjust, based on the oxygen saturation reference value, an oxygen saturation value obtained via the second sensor during the period in which the posture is maintained before the movement is detected.