The present application provides a display panel, a display module, and a display device. A flexible substrate of the display panel includes a first flexible substrate and a second flexible substrate, and the first flexible substrate is provided with a first through-hole corresponding to a lighting path of an electronic component. Based on the first through-hole, light transmittance of the display panel is increased, so that electronic components such as a camera can be disposed below the display panel, and a narrow bezel design is realized.