Embodiments of this application provide a flexible display screen and a display terminal, and relate to the field of display technologies, to reduce a probability that a stress concentration problem occurs because a non-luminous area of a display screen is folded a plurality of times. A back surface of the flexible display screen is connected to a first housing, a second housing, and a rotating shaft that are included by a support component. A part that is of the flexible display screen and that is connected to the rotating shaft is used as a first bent portion. The first bent portion is bent along an axis of the rotating shaft, to fold in half a part that is of the flexible display screen and that is separately connected to the first housing and the second housing. The flexible display screen includes a first peripheral portion and a second peripheral portion. The first peripheral portion and the second peripheral portion are in the non-luminous area, and are disposed side by side on a same side of a luminous area. A part that is of the first peripheral portion and that is bent to the back surface of the flexible display screen faces the first housing. A part that is of the second peripheral portion and that is bent to the back surface of the flexible display screen faces the second housing. A first notch is in the non-luminous area, disposed on a side of the first bent portion, and located between the first peripheral portion and the second peripheral portion.