The invention discloses a touch display panel and a display device. The touch display panel comprises a colored film substrate, an array substrate and a liquid crystal layer positioned between the colored film substrate and the array substrate; the colored film substrate is provided with a plurality of touch driving electrodes arranged along a first direction, and a plurality of touch induction electrodes arranged along a second direction vertical to the first direction; each touch driving electrode comprises a plurality of touch driving sub-electrodes formed by metal materials, and each touch induction electrode comprises a plurality of touch induction sub-electrodes formed by the metal materials, wherein the touch driving sub-electrodes and the touch induction sub-electrodes are mutually independent; the plurality of touch driving sub-electrodes are connected in parallel through first terminal blocks; and the plurality of touch induction sub-electrodes are connected in parallel through second terminal blocks. Only a two-time composition technology needs to be added on the colored film substrate to form the touch driving electrodes and the touch induction electrodes, so that the touch display panel has the advantages of being simple in technology and easy in implementation. In addition, since the electrode materials are the metal materials, the resistance of an electrode can be effectively lowered, and the electrode is suitable for applying to a middle and large size touch display panels.