diff --git a/pcsx2-qt/MainWindow.cpp b/pcsx2-qt/MainWindow.cpp
index 51c907ba4b..b2af4fcac8 100644
--- a/pcsx2-qt/MainWindow.cpp
+++ b/pcsx2-qt/MainWindow.cpp
@@ -228,17 +228,21 @@ void MainWindow::setupAdditionalUi()
 
 	m_status_resolution_widget = new QLabel(m_ui.statusBar);
 	m_status_resolution_widget->setFixedHeight(16);
-	m_status_resolution_widget->setFixedSize(70, 16);
+	m_status_resolution_widget->setFixedSize(75, 16);
 	m_status_resolution_widget->hide();
 
 	m_status_fps_widget = new QLabel(m_ui.statusBar);
-	m_status_fps_widget->setFixedSize(85, 16);
+	m_status_fps_widget->setFixedSize(60, 16);
 	m_status_fps_widget->hide();
 
 	m_status_vps_widget = new QLabel(m_ui.statusBar);
-	m_status_vps_widget->setFixedSize(125, 16);
+	m_status_vps_widget->setFixedSize(60, 16);
 	m_status_vps_widget->hide();
 
+	m_status_speed_widget = new QLabel(m_ui.statusBar);
+	m_status_speed_widget->setFixedSize(90, 16);
+	m_status_speed_widget->hide();
+
 	m_settings_toolbar_menu = new QMenu(m_ui.toolBar);
 	m_settings_toolbar_menu->addAction(m_ui.actionSettings);
 	m_settings_toolbar_menu->addAction(m_ui.actionViewGameProperties);
@@ -953,6 +957,7 @@ void MainWindow::updateStatusBarWidgetVisibility()
 	Update(m_status_resolution_widget, s_vm_valid, 0);
 	Update(m_status_fps_widget, s_vm_valid, 0);
 	Update(m_status_vps_widget, s_vm_valid, 0);
+	Update(m_status_speed_widget, s_vm_valid, 0);
 }
 
 void MainWindow::updateWindowTitle()
@@ -1983,6 +1988,7 @@ void MainWindow::onVMStopped()
 	m_status_resolution_widget->setText(empty_string);
 	m_status_fps_widget->setText(empty_string);
 	m_status_vps_widget->setText(empty_string);
+	m_status_speed_widget->setText(empty_string);
 
 	updateEmulationActions(false, false, false);
 	updateGameDependentActions();
diff --git a/pcsx2-qt/MainWindow.h b/pcsx2-qt/MainWindow.h
index fd94e66fda..be3d2ef286 100644
--- a/pcsx2-qt/MainWindow.h
+++ b/pcsx2-qt/MainWindow.h
@@ -98,6 +98,7 @@ public:
 	__fi QLabel* getStatusResolutionWidget() const { return m_status_resolution_widget; }
 	__fi QLabel* getStatusFPSWidget() const { return m_status_fps_widget; }
 	__fi QLabel* getStatusVPSWidget() const { return m_status_vps_widget; }
+	__fi QLabel* getStatusSpeedWidget() const { return m_status_speed_widget; }
 
 	/// Rescans a single file. NOTE: Happens on UI thread.
 	void rescanFile(const std::string& path);
@@ -295,6 +296,7 @@ private:
 	QLabel* m_status_renderer_widget = nullptr;
 	QLabel* m_status_fps_widget = nullptr;
 	QLabel* m_status_vps_widget = nullptr;
+	QLabel* m_status_speed_widget = nullptr;
 	QLabel* m_status_resolution_widget = nullptr;
 
 	QMenu* m_settings_toolbar_menu = nullptr;
diff --git a/pcsx2-qt/QtHost.cpp b/pcsx2-qt/QtHost.cpp
index 6f2473e672..608cdd75e6 100644
--- a/pcsx2-qt/QtHost.cpp
+++ b/pcsx2-qt/QtHost.cpp
@@ -1059,9 +1059,15 @@ void EmuThread::updatePerformanceMetrics(bool force)
 		if (speed != m_last_speed || vfps != m_last_video_fps || force)
 		{
 			QMetaObject::invokeMethod(g_main_window->getStatusVPSWidget(), "setText", Qt::QueuedConnection,
-				Q_ARG(const QString&, tr("VPS: %1 (%2%) ").arg(vfps, 0, 'f', 0).arg(speed, 0, 'f', 0)));
-			m_last_speed = speed;
+				Q_ARG(const QString&, tr("VPS: %1 ").arg(vfps, 0, 'f', 0)));
 			m_last_video_fps = vfps;
+
+		if (speed != m_last_speed || force)
+		{
+			QMetaObject::invokeMethod(g_main_window->getStatusSpeedWidget(), "setText", Qt::QueuedConnection,
+				Q_ARG(const QString&, tr("Speed: %1% ").arg(speed, 0, 'f', 0)));
+			m_last_speed = speed;
+		}
 		}
 	}
 }