A display device includes a substrate, a pixel circuit layer above the substrate, and including at least one thin film transistor, and a pixel electrode above the pixel circuit layer, and electrically connected to the thin film transistor, wherein the pixel electrode includes a reflective layer, a conductive layer above the reflective layer, and an oxide layer above the conductive layer, and wherein a ratio of a thickness of the conductive layer and a thickness of the oxide layer is about 1.51 to about 2.331.