A pressure-sensitive adhesive composition, a protective film, an optical element and a display device are provided. The pressure-sensitive adhesive composition has excellent storage stability, exhibits proper low-speed and high-speed peel strengths after formation of a cross-linked structure, and also has an excellent balance between the low-speed and high-speed peel strengths. Therefore, when the pressure-sensitive adhesive composition is applied to a protective film, the pressure-sensitive adhesive composition can have an excellent protective effect, and can also be advantageous to perform a high-speed process since the pressure-sensitive adhesive composition is easily peeled during a high-speed peeling process. In the high-speed peeling process, the pressure-sensitive adhesive composition can exhibit excellent antistatic characteristics.