A display panel is provided. The display panel includes a first substrate, a first insulating layer, a common electrode, a second insulating layer, a first pixel electrode, and a second pixel electrode. The first insulating layer is located on the first substrate. The common electrode having a first through hole is located on the first insulating layer. The second insulating layer covers the common electrode and partially covers the first through hole. The first pixel electrode is located on the second insulating layer and penetrates through the first through hole. The second pixel electrode is located on the second insulating layer. The second pixel electrode is adjacent to the first pixel electrode and overlaps a portion of the first through hole.