A display panel includes a first display substrate, a second display substrate. The second display substrate includes a substrate, a color conversion layer including a first conversion part configured to absorb light of a first color and to emit light of a second color, a second conversion part configured to absorb the light of the first color and to emit light of a third color, and a third conversion part configured to transmit the light of the first color, and a filter layer including a first filter overlapping with the first conversion part and having the second color, a second filter overlapping with the second conversion part and having the third color, a third filter overlapping with the third conversion part and having the first color, and an auxiliary filter overlapping with the second conversion part and configured to absorb the light of the first color.