A pixel structure and a display panel are provided. The pixel structure is disposed on a substrate having a transmissive display region and a reflective display region and includes a scan line, a data line, an active device, a first electrode, a second electrode, and an alignment layer. The first electrode has first stripe portions located in the transmissive display region and second stripe portions located in the reflective display region. Each first stripe portion and each second stripe portion are perpendicular arranged. One of the first electrode and the second electrode is electrically connected to the active device and the other of the first electrode and the second electrode is connected to a common voltage. The alignment layer covers the first electrode and the second electrode and has an alignment direction intersecting the second direction in 45° to 85°.