A display panel and a display device are disclosed. The display panel includes a first substrate and a camera assembly. The first substrate includes a display area and a non-display area. The display area includes a flexible base substrate, a pixel array layer, a light-emitting layer, and a touch layer all sequentially disposed in a stacked arrangement. The camera assembly is disposed on a side of the display area adjacent to the flexible base substrate, so that an opening of the camera assembly of the display panel can be omitted, and a screen ratio of the display panel and the display device can be increased.