A display panel includes a first substrate and a second substrate disposed separately; a sealant disposed between the first substrate and the second substrate; and at least one color resist layer disposed between the first substrate and the second substrate; wherein, the at least one color resist layer and the sealant are disposed in an alternate arrangement, and are disposed between the first substrate and the second substrate in order to support the first substrate and the second substrate. A display device is also disclosed. Through replacing the spacers in the sealant with the color resist layer to support the first substrate and the second substrate, a display uneven phenomenon near the sealant of a narrow frame display panel is solved. In addition, because the color resist layer replaces the spacer, the cost of the spacer is saved so as to reduce the design cost.