A display panel according to an embodiment and a display device including the same are disclosed. The display panel includes a plurality of pixel circuits each configured to selectively drive a first light-emitting element and a second light-emitting element, a shift register configured to output a mode control signal for driving each of the pixel circuits sharing a data line on a line basis according to a clock signal, an output circuit configured to output the mode control signal output from the shift register according to a line control signal, and a multiplexing switch unit configured to output a gate-on voltage and a gate-off voltage to the pixel circuits of a corresponding line on the basis of the mode control signal output from the output circuit.