diff --git a/pyproject.toml b/pyproject.toml
index 01f775d..6e258f4 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -41,6 +41,7 @@ dev = [
     "mypy",
     "pre-commit",
     "pytest",
+    "pytest-benchmark",
     "pytest-runner",
     "ruff",
     "towncrier>=24,<25",
diff --git a/tests/test_benchmarks.py b/tests/test_benchmarks.py
new file mode 100644
index 0000000..336dc29
--- /dev/null
+++ b/tests/test_benchmarks.py
@@ -0,0 +1,27 @@
+import pytest
+
+from multibase import ENCODINGS, decode, encode
+
+BENCH_DATA = b"Decentralize everything!!!"
+
+
+@pytest.mark.benchmark
+@pytest.mark.parametrize("encoding_info", ENCODINGS, ids=lambda e: e.encoding)
+def test_bench_encode(benchmark, encoding_info):
+    benchmark(encode, encoding_info.encoding, BENCH_DATA)
+
+
+@pytest.mark.benchmark
+@pytest.mark.parametrize("encoding_info", ENCODINGS, ids=lambda e: e.encoding)
+def test_bench_decode(benchmark, encoding_info):
+    encoded = encode(encoding_info.encoding, BENCH_DATA)
+    benchmark(decode, encoded)
+
+
+@pytest.mark.benchmark
+@pytest.mark.parametrize("encoding_info", ENCODINGS, ids=lambda e: e.encoding)
+def test_bench_roundtrip(benchmark, encoding_info):
+    def roundtrip():
+        return decode(encode(encoding_info.encoding, BENCH_DATA))
+
+    benchmark(roundtrip)