A backlight unit and a display device including the backlight unit are provided. A backlight unit includes a substrate, light sources disposed on one surface of the substrate, a first reflective film disposed on one surface of the substrate and including first openings, each of the first openings of the first reflective film exposing each of the light sources, and wavelength filter layers disposed above the first reflective film and disposed to correspond to the first openings, the wavelength filter layers are spaced apart from each other, and each of the wavelength filter layers covers at least one of the first openings.