diff --git a/docs/reference-guides/core-blocks.md b/docs/reference-guides/core-blocks.md
index 38ad3e2e11bd1..0d951862f0ec6 100644
--- a/docs/reference-guides/core-blocks.md
+++ b/docs/reference-guides/core-blocks.md
@@ -317,6 +317,15 @@ A submission button for forms. ([Source](https://github.com/WordPress/gutenberg/
 -	**Supports:** 
 -	**Attributes:** 
 
+## Formula
+
+Render mathematical formulæ. ([Source](https://github.com/WordPress/gutenberg/tree/trunk/packages/block-library/src/formula))
+
+-	**Name:** core/formula
+-	**Category:** text
+-	**Supports:** align, anchor, spacing (blockGap, margin, padding), ~~html~~
+-	**Attributes:** alt, formulaSource
+
 ## Classic
 
 Use the classic WordPress editor. ([Source](https://github.com/WordPress/gutenberg/tree/trunk/packages/block-library/src/freeform))
diff --git a/lib/blocks.php b/lib/blocks.php
index e1d4622a0f23d..eb2e29b289b5b 100644
--- a/lib/blocks.php
+++ b/lib/blocks.php
@@ -22,6 +22,7 @@ function gutenberg_reregister_core_block_types() {
 				'column',
 				'columns',
 				'details',
+				'formula',
 				'form-input',
 				'form-submit-button',
 				'group',
diff --git a/packages/block-library/src/formula/block.json b/packages/block-library/src/formula/block.json
new file mode 100644
index 0000000000000..7e058bca03a02
--- /dev/null
+++ b/packages/block-library/src/formula/block.json
@@ -0,0 +1,39 @@
+{
+	"$schema": "https://schemas.wp.org/trunk/block.json",
+	"apiVersion": 3,
+	"name": "core/formula",
+	"title": "Formula",
+	"category": "text",
+	"description": "Render mathematical formulæ.",
+	"textdomain": "default",
+	"attributes": {
+		"formulaSource": {
+			"type": "string",
+			"selector": "img",
+			"source": "attribute",
+			"attribute": "data-formula"
+		},
+		"alt": {
+			"type": "string",
+			"selector": "img",
+			"source": "attribute",
+			"attribute": "alt"
+		}
+	},
+	"supports": {
+		"anchor": true,
+		"align": true,
+		"html": false,
+		"spacing": {
+			"padding": true,
+			"margin": [ "top", "bottom" ],
+			"blockGap": true,
+			"__experimentalDefaultControls": {
+				"padding": true,
+				"blockGap": true
+			}
+		}
+	},
+	"editorStyle": "wp-block-formula",
+	"style": "wp-block-formula"
+}
diff --git a/packages/block-library/src/formula/edit.js b/packages/block-library/src/formula/edit.js
new file mode 100644
index 0000000000000..f1170dfd864f9
--- /dev/null
+++ b/packages/block-library/src/formula/edit.js
@@ -0,0 +1,97 @@
+/**
+ * WordPress dependencies
+ */
+import { useBlockProps, PlainText } from '@wordpress/block-editor';
+
+let loading = false;
+
+const requireMathJaxScript = () => {
+	if ( loading ) {
+		return;
+	}
+
+	loading = true;
+	const script = document.createElement( 'script' );
+	script.id = 'MathJax-script';
+	script.setAttribute( 'async', '' );
+	script.src = 'https://cdn.jsdelivr.net/npm/mathjax@3/es5/tex-svg.js';
+	document.head.appendChild( script );
+};
+
+document.addEventListener( 'readystatechange', () => {
+	if ( document.readyState === 'complete' ) {
+		requireMathJaxScript();
+	}
+} );
+
+/**
+ * Generate an SVG data URI for embedding in an IMG element src.
+ *
+ * @param {Element} svg The input SVG
+ * @return {string} Data URI for safely embedding SVG as a string.
+ */
+const svgElementToDataURI = ( svg ) => {
+	return `data:image/svg+xml,${ encodeURIComponent(
+		svg.childNodes[ 0 ].outerHTML
+	) }`;
+};
+
+export const Edit = ( { attributes, isSelected, setAttributes } ) => {
+	const blockProps = useBlockProps();
+
+	return (
+		<div { ...blockProps }>
+			<figure>
+				{ isSelected && (
+					<>
+						<PlainText
+							value={ attributes.formulaSource }
+							onChange={ ( value ) =>
+								window.MathJax.tex2svgPromise( value ).then(
+									( svg ) => {
+										const errors =
+											svg.childNodes[ 1 ].querySelectorAll(
+												'merror'
+											);
+
+										if ( ! errors.length ) {
+											setAttributes( {
+												src: svgElementToDataURI( svg ),
+												formulaSource: value,
+												errors: null,
+											} );
+										} else {
+											setAttributes( {
+												formulaSource: value,
+												errors: [ ...errors ].map(
+													( error ) =>
+														error.textContent
+												),
+											} );
+										}
+									}
+								)
+							}
+							placeholder="a^2 = b^2 + c^2"
+						/>
+						<PlainText
+							value={ attributes.alt }
+							onChange={ ( alt ) => setAttributes( { alt } ) }
+							placeholder="How would you describe your formula if your reader cannot read the symbols?"
+						/>
+					</>
+				) }
+				<img src={ attributes.src } alt={ attributes.alt } />
+				{ attributes.errors?.length && (
+					<ul>
+						{ attributes.errors.map( ( error ) => (
+							<li key={ error }>{ error }</li>
+						) ) }
+					</ul>
+				) }
+			</figure>
+		</div>
+	);
+};
+
+export default Edit;
diff --git a/packages/block-library/src/formula/index.js b/packages/block-library/src/formula/index.js
new file mode 100644
index 0000000000000..77655074a79ab
--- /dev/null
+++ b/packages/block-library/src/formula/index.js
@@ -0,0 +1,31 @@
+/**
+ * WordPress dependencies
+ */
+
+/**
+ * Internal dependencies
+ */
+import metadata from './block.json';
+import Edit from './edit';
+import Save from './save';
+import initBlock from '../utils/init-block';
+
+const { name } = metadata;
+
+export { metadata, name };
+
+export const settings = {
+	apiVersion: 3,
+	icon: 'edit-page',
+	example: {
+		attributes: {
+			formulaSource:
+				'\\Delta T_{\\text{heatsink}} = 100W\n\\cdot 0.15 \\frac{K}{W} = 15^\\circ C',
+			alt: "At 100W, the heatsink's temperature will rise by 15 degrees Celsius.",
+		},
+	},
+	save: Save,
+	edit: Edit,
+};
+
+export const init = () => initBlock( { name, metadata, settings } );
diff --git a/packages/block-library/src/formula/index.php b/packages/block-library/src/formula/index.php
new file mode 100644
index 0000000000000..fcd0ab7df546d
--- /dev/null
+++ b/packages/block-library/src/formula/index.php
@@ -0,0 +1,31 @@
+<?php
+/**
+ * Server-side rendering of the `core/formula` block.
+ *
+ * @package WordPress
+ */
+
+/**
+ * Renders the `core/formula` block on server.
+ *
+ * @param array  $attributes The block attributes.
+ * @param string $content    The block rendered content.
+ *
+ * @return string Returns the formula block markup.
+ */
+function render_block_core_formula( $attributes, $content ) {
+	return '<p>Formula!</p>';
+}
+
+/**
+ * Registers the `core/cover` block renderer on server.
+ */
+function register_block_core_formula() {
+	register_block_type_from_metadata(
+		__DIR__ . '/formula',
+		array(
+			'render_callback' => 'formula',
+		)
+	);
+}
+add_action( 'init', 'register_block_core_formula' );
diff --git a/packages/block-library/src/formula/save.js b/packages/block-library/src/formula/save.js
new file mode 100644
index 0000000000000..9d3e1ded01e89
--- /dev/null
+++ b/packages/block-library/src/formula/save.js
@@ -0,0 +1,20 @@
+/**
+ * WordPress dependencies
+ */
+import { useBlockProps } from '@wordpress/block-editor';
+
+export const Save = ( { attributes } ) => {
+	const blockProps = useBlockProps.save();
+
+	return (
+		<figure className="wp-block-formula" { ...blockProps }>
+			<img
+				src={ attributes.src }
+				data-formula-source={ attributes.formulaSource }
+				alt={ attributes.alt }
+			/>
+		</figure>
+	);
+};
+
+export default Save;
diff --git a/packages/block-library/src/index.js b/packages/block-library/src/index.js
index e2e0fd9e414ef..d733678c3f3f6 100644
--- a/packages/block-library/src/index.js
+++ b/packages/block-library/src/index.js
@@ -49,6 +49,7 @@ import * as details from './details';
 import * as embed from './embed';
 import * as file from './file';
 import * as form from './form';
+import * as formula from './formula';
 import * as formInput from './form-input';
 import * as formSubmitButton from './form-submit-button';
 import * as formSubmissionNotification from './form-submission-notification';
@@ -154,6 +155,7 @@ const getAllBlocks = () => {
 		details,
 		embed,
 		file,
+		formula,
 		group,
 		html,
 		latestComments,