A display panel and a display device are provided. A color filter substrate of the display panel includes a color filter layer and a first common electrode; the first common electrode is located in a first sub-area of the color filter layer; a thin film transistor array substrate of the display panel includes a second substrate, a second common electrode, and a pixel electrode; the second common electrode and the pixel electrode are respectively located in a third sub-area and a fifth sub-area of the second substrate. The driving voltage of the display panel can be reduced.