Provided is a display panel in which a first pixel region, a second pixel region, a third pixel region, and a light-blocking region may be defined. The first substrate may include a base layer; a first color filter layer overlapping the light-blocking region and the first pixel region; a light blocking layer overlapping the light-blocking region; a second color filter layer overlapping the second pixel region; a third color filter layer overlapping the third pixel region; and a step compensation layer disposed on one surface of the light-blocking layer and configured to cover at least a portion of the light-blocking region adjacent to the first pixel region when viewed in a plane.