diff --git a/docs/uploading.md b/docs/uploading.md
index 07b3ade2..fb42d438 100644
--- a/docs/uploading.md
+++ b/docs/uploading.md
@@ -49,6 +49,7 @@ In addition to the file list, the queue tracks properties that indicate the prog
 | queue.size  | `number` – Total size of all files currently being uploaded in bytes. |
 | queue.loaded  | `number` – Number of bytes that have been uploaded to the server. |
 | queue.progress  | `number` – Current progress of all uploads, as a percentage in the range of 0 to 100. |
+| queue.rate  | `number` – Current time in ms it is taking to upload 1 byte. |
 
 ```hbs
 {{#if queue.files.length}}
diff --git a/ember-file-upload/src/queue.ts b/ember-file-upload/src/queue.ts
index 2d31608d..ac1b836a 100644
--- a/ember-file-upload/src/queue.ts
+++ b/ember-file-upload/src/queue.ts
@@ -70,6 +70,17 @@ export class Queue {
     return [...this.#distinctFiles.values()];
   }
 
+  /**
+   * The current time in ms it is taking to upload 1 byte.
+   *
+   * @defaultValue 0
+   */
+  get rate(): number {
+    return this.files.reduce((acc, { rate }) => {
+      return acc + rate;
+    }, 0);
+  }
+
   /**
    * The total size of all files currently being uploaded in bytes.
    *
diff --git a/ember-file-upload/src/services/file-queue.ts b/ember-file-upload/src/services/file-queue.ts
index 8f5602c7..3b07d3f4 100644
--- a/ember-file-upload/src/services/file-queue.ts
+++ b/ember-file-upload/src/services/file-queue.ts
@@ -88,6 +88,17 @@ export default class FileQueueService extends Service {
     }, []);
   }
 
+  /**
+   * The current time in ms it is taking to upload 1 byte.
+   *
+   * @defaultValue 0
+   */
+  get rate(): number {
+    return this.files.reduce((acc, { rate }) => {
+      return acc + rate;
+    }, 0);
+  }
+
   /**
    * The total size of all files currently being uploaded in bytes.
    *
diff --git a/ember-file-upload/src/system/upload.ts b/ember-file-upload/src/system/upload.ts
index 8ee95289..60b431c4 100644
--- a/ember-file-upload/src/system/upload.ts
+++ b/ember-file-upload/src/system/upload.ts
@@ -1,4 +1,5 @@
 import { assert } from '@ember/debug';
+import { next } from '@ember/runloop';
 import HTTPRequest from './http-request.ts';
 import RSVP from 'rsvp';
 import { waitForPromise } from '@ember/test-waiters';
@@ -65,6 +66,8 @@ export function onloadstart(
   // The correct should be returned while progress
   file.size = Math.max(file.size, event.total);
   file.progress = (file.loaded / file.size) * 100;
+  file.bytesWhenProgressLastUpdated = event.loaded;
+  file.timestampWhenProgressLastUpdated = new Date().getTime();
 }
 
 export function onprogress(
@@ -88,6 +91,13 @@ export function onprogress(
   }
   file.loaded = Math.max(loaded, file.loaded);
   file.progress = (file.loaded / file.size) * 100;
+
+  const updatedTime = new Date().getTime();
+
+  next(() => {
+    file.bytesWhenProgressLastUpdated = file.loaded;
+    file.timestampWhenProgressLastUpdated = updatedTime;
+  });
 }
 
 export function onloadend(
@@ -100,6 +110,8 @@ export function onloadend(
   file.loaded = file.size;
   file.progress = (file.loaded / file.size) * 100;
   file.isUploadComplete = true;
+  file.bytesWhenProgressLastUpdated = 0;
+  file.timestampWhenProgressLastUpdated = 0;
 }
 
 export function upload(
@@ -142,10 +154,14 @@ export function upload(
   request.onloadend = (event) => onloadend(file, event);
 
   request.ontimeout = () => {
+    file.bytesWhenProgressLastUpdated = 0;
+    file.timestampWhenProgressLastUpdated = 0;
     file.state = FileState.TimedOut;
     file.queue?.flush();
   };
   request.onabort = () => {
+    file.bytesWhenProgressLastUpdated = 0;
+    file.timestampWhenProgressLastUpdated = 0;
     file.state = FileState.Aborted;
     file.queue?.flush();
   };
diff --git a/ember-file-upload/src/upload-file.ts b/ember-file-upload/src/upload-file.ts
index 0d225f2a..620d3ba6 100644
--- a/ember-file-upload/src/upload-file.ts
+++ b/ember-file-upload/src/upload-file.ts
@@ -51,6 +51,19 @@ export class UploadFile {
     this.#name = value;
   }
 
+  /** The current speed in ms that it takes to upload one byte */
+  get rate() {
+    const updatedTime = new Date().getTime();
+    const timeElapsedSinceLastUpdate =
+      updatedTime - this.timestampWhenProgressLastUpdated;
+
+    const bytesTransferredSinceLastUpdate =
+      this.loaded - this.bytesWhenProgressLastUpdated;
+
+    // Divide by elapsed time to get bytes per millisecond
+    return bytesTransferredSinceLastUpdate / timeElapsedSinceLastUpdate;
+  }
+
   #size = 0;
 
   /** The size of the file in bytes. */
@@ -79,6 +92,11 @@ export class UploadFile {
     return this.type.split('/').slice(-1)[0] ?? '';
   }
 
+  /**
+   * Tracks the number of bytes that had been uploaded when progress values last changed.
+   */
+  @tracked bytesWhenProgressLastUpdated = 0;
+
   /** The number of bytes that have been uploaded to the server */
   @tracked loaded = 0;
 
@@ -138,6 +156,12 @@ export class UploadFile {
   //  */
   // source?: FileSource;
 
+  /**
+   * The timestamp of when the progress last updated in milliseconds. Used to calculate the time
+   * that has elapsed.
+   */
+  @tracked timestampWhenProgressLastUpdated = 0;
+
   /**
    * Upload file with `application/octet-stream` content type.
    *
diff --git a/test-app/tests/integration/progress-test.ts b/test-app/tests/integration/progress-test.ts
index dd950ac2..2202cb7a 100644
--- a/test-app/tests/integration/progress-test.ts
+++ b/test-app/tests/integration/progress-test.ts
@@ -3,7 +3,10 @@ import { setupRenderingTest } from 'ember-qunit';
 import { render } from '@ember/test-helpers';
 import { hbs } from 'ember-cli-htmlbars';
 import { selectFiles } from 'ember-file-upload/test-support';
-import { type MirageTestContext, setupMirage } from 'ember-cli-mirage/test-support';
+import {
+  type MirageTestContext,
+  setupMirage,
+} from 'ember-cli-mirage/test-support';
 import { TrackedArray } from 'tracked-built-ins';
 import { type Asset } from 'test-app/components/demo-upload';
 import type Owner from '@ember/owner';
@@ -66,6 +69,8 @@ module('Integration | progress', function (hooks) {
       selectFiles('#upload-photo', file, file, file);
     }
 
+    assert.strictEqual(queue.rate, 0, 'rate should be 0 before uploads begin');
+
     await firstFile.promise;
 
     assert.strictEqual(
@@ -73,6 +78,7 @@ module('Integration | progress', function (hooks) {
       33,
       'first file uploaded - queue progress 33%',
     );
+    assert.true(queue.rate > 0, 'rate should be > 0 when uploading');
     assert.strictEqual(
       queue.files.length,
       3,
@@ -86,6 +92,7 @@ module('Integration | progress', function (hooks) {
       66,
       'second file uploaded - queue progress 66%',
     );
+    assert.true(queue.rate > 0, 'rate should be > 0 when uploading');
     assert.strictEqual(
       queue.files.length,
       3,
@@ -99,6 +106,11 @@ module('Integration | progress', function (hooks) {
       0,
       'third file uploaded - progress is back to 0% since the queue has been flushed',
     );
+    assert.strictEqual(
+      queue.rate,
+      0,
+      'rate should be 0 after all uploads finish',
+    );
     assert.strictEqual(
       queue.files.length,
       0,
diff --git a/test-app/tests/unit/upload-file-test.ts b/test-app/tests/unit/upload-file-test.ts
index 42f1cd3d..5d958746 100644
--- a/test-app/tests/unit/upload-file-test.ts
+++ b/test-app/tests/unit/upload-file-test.ts
@@ -3,7 +3,10 @@ import { setupTest } from 'ember-qunit';
 import { uploadHandler } from 'ember-file-upload';
 import { UploadFile, FileSource } from 'ember-file-upload';
 
-import { type MirageTestContext, setupMirage } from 'ember-cli-mirage/test-support';
+import {
+  type MirageTestContext,
+  setupMirage,
+} from 'ember-cli-mirage/test-support';
 
 module('Unit | UploadFile', function (hooks) {
   setupTest(hooks);
@@ -85,4 +88,14 @@ module('Unit | UploadFile', function (hooks) {
     assert.strictEqual(file.size, 13);
     assert.strictEqual(file.file.size, 9);
   });
+
+  test('it correctly calculates rate', function (assert) {
+    const file = UploadFile.fromBlob(new Blob(['test text'], { type: 'text' }));
+    const twoSecondsAgo = new Date().getTime() - 2000;
+    file.timestampWhenProgressLastUpdated = twoSecondsAgo;
+    file.bytesWhenProgressLastUpdated = 5000;
+    file.loaded = 20000;
+    file.size = 500000;
+    assert.strictEqual(Math.ceil(file.rate), 8);
+  });
 });