A flexible display device includes a display module including a bending area that is bendable along a reference axis, and a polarization member disposed on the display module. The polarization member includes a λ/4 phase retardation layer disposed on the display module and including a nematic liquid crystal coating layer. The polarization member further includes a first adhesion member disposed on the λ/4 phase retardation layer, a λ/2 phase retardation layer disposed on the first adhesion member and including a discotic liquid crystal coating layer, a second adhesion member disposed on the λ/2 phase retardation layer, and a line polarizer disposed on the second adhesion member and including an absorption axis, wherein an angle between the reference axis and the absorption axis is about 15 degrees to about 75 degrees.