The present disclosure provides a display panel and a display device. The display panel includes a substrate, a plurality of pixel units is arranged at a side of the substrate, each pixel unit includes a first electrode layer, a first light-emitting layer, a second electrode layer, a second light-emitting layer, a third electrode layer, a third light-emitting layer and a fourth electrode layer laminated one on another, the first light-emitting layer, the second light-emitting layer, and the third light-emitting layer emit light in different colors, and two vertically adjacent light-emitting layers share one electrode layer.