The embodiment of the invention provides a common voltage compensation circuit, a display panel and a display device, relates to the technical field of display, and solves problem that an operationalamplifier in a conventional VCOM compensation circuit is larger in power consumption and high in temperature rise when the operational amplifier works under the full-pressure condition. The compensation circuit includes a first operational amplifier, a second operational amplifier, a first resistor unit, a second resistor unit, a third resistor unit, a voltage stabilization unit, and a selection output unit. A first control voltage end of the first operational amplifier is connected with a first voltage end, and a second control voltage end is connected with a second voltage end. A first control voltage terminal of the second operational amplifier is connected with the second voltage end, and the second control voltage end is connected to a third voltage end. The selection output unit selects to output a common voltage to a common voltage output end through the first operational amplifier or the second operational amplifier according to the size of a voltage of a feedback signal inputend and the size of a voltage of the second voltage end.