A display device and a white balance adjusting method of a photosensitive element of the display device are provided. The display device includes a display panel, the photosensitive element, and a driver integrated circuit (IC). A first white balance imaging parameter is color parameters of a preset image collected by the photosensitive element of the display device under a preset light source. A second white balance imaging parameter is color parameters of a preset image collected by a photosensitive element of a typical display device under the preset light source. The driver IC is configured to perform a white balance compensation on image data collected by the photosensitive element of the display device according to a deviation between the first white balance imaging parameter the second white balance imaging parameter.