An electronic device is provided. The electronic device includes a first camera, a display, a second camera disposed below the display, and at least one processor, wherein the at least one processor is configured to acquire first image data and first environment information associated with the first image data by using the first camera, acquire second image data and second environment information associated with the second image data by using the second camera, determine whether to correct a correction value related to the second camera based on the second image data, the correction value including at least one of a white balance correction value for correcting white balance of the second camera or a lens shading correction value for correcting lens shading of the second camera, identify a similarity between the first environment information and the second environment information in response to determining to correct the correction value related to the second camera, and correct the correction value related to the second camera by using at least the similarity based on the first image data.