The invention discloses an optical module and a display device. The optical module comprises a light guide plate, a refraction substrate and at least one luminous element, the light guide plate is provided with a first in-light face, an out-light face and at least one second in-light face, the first in-light face and the out-light face are opposite, the second in-light faces are arranged between the first in-light face and the out-light face, the second in-light faces are correspondingly provided with the luminous elements, and the refraction substrate is opposite to the out-light face. The luminous elements selectively face the second in-light faces corresponding to the luminous elements and emit first light rays, moreover, and the light guide plate can reflect the first light rays which at least partly irradiate the second in-light faces of the light guide plate, so that the first light rays emit from the light guide plate and enter the refraction substrate, wherein the refractive index of the refraction substrate is larger than or equal to that of the light guide plate. By means of the optical module, switching between a peep-proof mode and a normal mode can be achieved, and the peep-proof effect is improved.