The invention discloses a touch display panel and a display device. The touch display panel comprises a waveguide plate, a lower substrate, a liquid crystal layer, an electrode structure, a reflecting layer and a plurality of photosensitive units, wherein the waveguide plate and the lower substrate are arranged opposite to each other, and the liquid crystal layer and the electrode structure are arranged between the waveguide plate and the lower substrate; the reflecting layer is arranged on one side, facing to the liquid crystal layer, of the lower substrate, and the photosensitive units are arranged on one side, facing to the liquid crystal layer, of the lower substrate or one side, facing to liquid crystal layer, of the waveguide plate; and the electrode structure is used for controlling the refractive index of liquid crystal molecules in the liquid crystal layer so as to emit light from the lower surface, close to the liquid crystal layer, of the waveguide plate or generate total reflection in the waveguide plate. The reflecting layer is generally prepared from metals with high refractive indexes, so that the opening rate of the touch display panel is not influenced when the photosensitive units are integrated to the lower substrate or the waveguide plate; and furthermore, the photosensitive units can be used for judging a touch position according to the energy difference of received light under a touch condition and a normal display condition, so that the touch function is realized, and meanwhile, the opening rate of the touch display panel is guaranteed.