The present disclosure provides a display panel and a display device. The display panel includes: a substrate; and a light-emitting device and a packaging structure on the substrate, the packaging structure sealing the light-emitting device on the substrate. The light-emitting device includes a cathode, an anode, and a light-emitting layer between the cathode and the anode; the packaging structure includes a first inorganic packaging layer, and the first inorganic packaging layer includes a first inorganic packaging sublayer, a second inorganic packaging sublayer, and a third inorganic packaging sublayer that are sequentially stacked; and a refractive index of the second inorganic packaging sublayer is greater than a refractive index of the first inorganic packaging sublayer, and a difference between the refractive index of the second inorganic packaging sublayer and the refractive index of the first inorganic packaging sublayer is greater than 0.1, the refractive index of the second inorganic packaging sublayer is greater than a refractive index of the third inorganic packaging sublayer, and a difference between the refractive index of the second inorganic packaging sublayer and the refractive index of the third inorganic packaging sublayer is greater than 0.1.