diff --git a/NEWS.md b/NEWS.md
index f4c642774d0d2..b30bb29e537f8 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -47,6 +47,7 @@ Library changes
   tasks mutating the dictionary or set ([#44534]).
 * Predicate function negation `!f` now returns a composed function `(!) ∘ f` instead of an anonymous function ([#44752]).
 * `RoundFromZero` now works for non-`BigFloat` types ([#41246]).
+* `@time` now separates out % time spent recompiling invalidated methods ([#45015]).
 
 
 Standard library changes
diff --git a/base/timing.jl b/base/timing.jl
index c7870ac491169..1579cd5673bc9 100644
--- a/base/timing.jl
+++ b/base/timing.jl
@@ -55,9 +55,21 @@ function gc_alloc_count(diff::GC_Diff)
     diff.malloc + diff.realloc + diff.poolalloc + diff.bigalloc
 end
 
-# cumulative total time spent on compilation, in nanoseconds
-cumulative_compile_time_ns_before() = ccall(:jl_cumulative_compile_time_ns_before, UInt64, ())
-cumulative_compile_time_ns_after() = ccall(:jl_cumulative_compile_time_ns_after, UInt64, ())
+# cumulative total time spent on compilation and recompilation, in nanoseconds
+function cumulative_compile_time_ns()
+    comp = ccall(:jl_cumulative_compile_time_ns, UInt64, ())
+    recomp = ccall(:jl_cumulative_recompile_time_ns, UInt64, ())
+    return comp, recomp
+end
+
+function cumulative_compile_timing(b::Bool)
+    if b
+        ccall(:jl_cumulative_compile_timing_enable, Cvoid, ())
+    else
+        ccall(:jl_cumulative_compile_timing_disable, Cvoid, ())
+    end
+    return
+end
 
 # total time spend in garbage collection, in nanoseconds
 gc_time_ns() = ccall(:jl_gc_total_hrtime, UInt64, ())
@@ -114,7 +126,7 @@ function format_bytes(bytes) # also used by InteractiveUtils
     end
 end
 
-function time_print(elapsedtime, bytes=0, gctime=0, allocs=0, compile_time=0, newline=false, _lpad=true)
+function time_print(elapsedtime, bytes=0, gctime=0, allocs=0, compile_time=0, recompile_time=0, newline=false, _lpad=true)
     timestr = Ryu.writefixed(Float64(elapsedtime/1e9), 6)
     str = sprint() do io
         _lpad && print(io, length(timestr) < 10 ? (" "^(10 - length(timestr))) : "")
@@ -142,15 +154,20 @@ function time_print(elapsedtime, bytes=0, gctime=0, allocs=0, compile_time=0, ne
             end
             print(io, Ryu.writefixed(Float64(100*compile_time/elapsedtime), 2), "% compilation time")
         end
+        if recompile_time > 0
+            print(io, ": ", Ryu.writefixed(Float64(100*recompile_time/compile_time), 0), "% of which was recompilation")
+        end
         parens && print(io, ")")
     end
     newline ? println(str) : print(str)
     nothing
 end
 
-function timev_print(elapsedtime, diff::GC_Diff, compile_time, _lpad)
+function timev_print(elapsedtime, diff::GC_Diff, compile_times, _lpad)
     allocs = gc_alloc_count(diff)
-    time_print(elapsedtime, diff.allocd, diff.total_time, allocs, compile_time, true, _lpad)
+    compile_time = first(compile_times)
+    recompile_time = last(compile_times)
+    time_print(elapsedtime, diff.allocd, diff.total_time, allocs, compile_time, recompile_time, true, _lpad)
     padded_nonzero_print(elapsedtime,       "elapsed time (ns)")
     padded_nonzero_print(diff.total_time,   "gc time (ns)")
     padded_nonzero_print(diff.allocd,       "bytes allocated")
@@ -181,8 +198,8 @@ end
 
 A macro to execute an expression, printing the time it took to execute, the number of
 allocations, and the total number of bytes its execution caused to be allocated, before
-returning the value of the expression. Any time spent garbage collecting (gc) or
-compiling is shown as a percentage.
+returning the value of the expression. Any time spent garbage collecting (gc), compiling
+new code, or recompiling invalidated code is shown as a percentage.
 
 Optionally provide a description string to print before the time report.
 
@@ -201,6 +218,9 @@ See also [`@showtime`](@ref), [`@timev`](@ref), [`@timed`](@ref), [`@elapsed`](@
 !!! compat "Julia 1.8"
     The option to add a description was introduced in Julia 1.8.
 
+!!! compat "Julia 1.9"
+    Recompilation time being shown separately from compilation time was introduced in Julia 1.9
+
 ```julia-repl
 julia> x = rand(10,10);
 
@@ -238,16 +258,18 @@ macro time(msg, ex)
         Experimental.@force_compile
         local stats = gc_num()
         local elapsedtime = time_ns()
-        local compile_elapsedtime = cumulative_compile_time_ns_before()
+        cumulative_compile_timing(true)
+        local compile_elapsedtimes = cumulative_compile_time_ns()
         local val = @__tryfinally($(esc(ex)),
             (elapsedtime = time_ns() - elapsedtime;
-            compile_elapsedtime = cumulative_compile_time_ns_after() - compile_elapsedtime)
+            cumulative_compile_timing(false);
+            compile_elapsedtimes = cumulative_compile_time_ns() .- compile_elapsedtimes)
         )
         local diff = GC_Diff(gc_num(), stats)
         local _msg = $(esc(msg))
         local has_msg = !isnothing(_msg)
         has_msg && print(_msg, ": ")
-        time_print(elapsedtime, diff.allocd, diff.total_time, gc_alloc_count(diff), compile_elapsedtime, true, !has_msg)
+        time_print(elapsedtime, diff.allocd, diff.total_time, gc_alloc_count(diff), first(compile_elapsedtimes), last(compile_elapsedtimes), true, !has_msg)
         val
     end
 end
@@ -320,16 +342,16 @@ macro timev(msg, ex)
         Experimental.@force_compile
         local stats = gc_num()
         local elapsedtime = time_ns()
-        local compile_elapsedtime = cumulative_compile_time_ns_before()
+        local compile_elapsedtimes = cumulative_compile_time_ns()
         local val = @__tryfinally($(esc(ex)),
             (elapsedtime = time_ns() - elapsedtime;
-            compile_elapsedtime = cumulative_compile_time_ns_after() - compile_elapsedtime)
+            compile_elapsedtimes = cumulative_compile_time_ns() .- compile_elapsedtimes)
         )
         local diff = GC_Diff(gc_num(), stats)
         local _msg = $(esc(msg))
         local has_msg = !isnothing(_msg)
         has_msg && print(_msg, ": ")
-        timev_print(elapsedtime, diff, compile_elapsedtime, !has_msg)
+        timev_print(elapsedtime, diff, compile_elapsedtimes, !has_msg)
         val
     end
 end
diff --git a/src/jitlayers.cpp b/src/jitlayers.cpp
index 80c8b928bd022..4d1ad0ddd1e74 100644
--- a/src/jitlayers.cpp
+++ b/src/jitlayers.cpp
@@ -316,6 +316,7 @@ jl_code_instance_t *jl_generate_fptr_impl(jl_method_instance_t *mi JL_PROPAGATES
     auto &context = *ctx;
     uint64_t compiler_start_time = 0;
     uint8_t measure_compile_time_enabled = jl_atomic_load_relaxed(&jl_measure_compile_time_enabled);
+    bool is_recompile = false;
     if (measure_compile_time_enabled)
         compiler_start_time = jl_hrtime();
     // if we don't have any decls already, try to generate it now
@@ -330,6 +331,10 @@ jl_code_instance_t *jl_generate_fptr_impl(jl_method_instance_t *mi JL_PROPAGATES
         else if (jl_is_method(mi->def.method))
             src = jl_uncompress_ir(mi->def.method, codeinst, (jl_array_t*)src);
     }
+    else {
+        // identify whether this is an invalidated method that is being recompiled
+        is_recompile = jl_atomic_load_relaxed(&mi->cache) != NULL;
+    }
     if (src == NULL && jl_is_method(mi->def.method) &&
              jl_symbol_name(mi->def.method->name)[0] != '@') {
         if (mi->def.method->source != jl_nothing) {
@@ -356,8 +361,12 @@ jl_code_instance_t *jl_generate_fptr_impl(jl_method_instance_t *mi JL_PROPAGATES
     else {
         codeinst = NULL;
     }
-    if (jl_codegen_lock.count == 1 && measure_compile_time_enabled)
-        jl_atomic_fetch_add_relaxed(&jl_cumulative_compile_time, (jl_hrtime() - compiler_start_time));
+    if (jl_codegen_lock.count == 1 && measure_compile_time_enabled) {
+        uint64_t t_comp = jl_hrtime() - compiler_start_time;
+        if (is_recompile)
+            jl_atomic_fetch_add_relaxed(&jl_cumulative_recompile_time, t_comp);
+        jl_atomic_fetch_add_relaxed(&jl_cumulative_compile_time, t_comp);
+    }
     JL_UNLOCK(&jl_codegen_lock);
     JL_GC_POP();
     return codeinst;
diff --git a/src/jlapi.c b/src/jlapi.c
index 634fce24e2a46..89c6e90684b69 100644
--- a/src/jlapi.c
+++ b/src/jlapi.c
@@ -471,20 +471,28 @@ JL_DLLEXPORT void (jl_cpu_wake)(void)
     jl_cpu_wake();
 }
 
-JL_DLLEXPORT uint64_t jl_cumulative_compile_time_ns_before(void)
+JL_DLLEXPORT void jl_cumulative_compile_timing_enable(void)
 {
     // Increment the flag to allow reentrant callers to `@time`.
     jl_atomic_fetch_add(&jl_measure_compile_time_enabled, 1);
-    return jl_atomic_load_relaxed(&jl_cumulative_compile_time);
 }
 
-JL_DLLEXPORT uint64_t jl_cumulative_compile_time_ns_after(void)
+JL_DLLEXPORT void jl_cumulative_compile_timing_disable(void)
 {
     // Decrement the flag when done measuring, allowing other callers to continue measuring.
     jl_atomic_fetch_add(&jl_measure_compile_time_enabled, -1);
+}
+
+JL_DLLEXPORT uint64_t jl_cumulative_compile_time_ns(void)
+{
     return jl_atomic_load_relaxed(&jl_cumulative_compile_time);
 }
 
+JL_DLLEXPORT uint64_t jl_cumulative_recompile_time_ns(void)
+{
+    return jl_atomic_load_relaxed(&jl_cumulative_recompile_time);
+}
+
 JL_DLLEXPORT void jl_get_fenv_consts(int *ret)
 {
     ret[0] = FE_INEXACT;
diff --git a/src/julia_internal.h b/src/julia_internal.h
index 451e07eb9e3df..02130ef963198 100644
--- a/src/julia_internal.h
+++ b/src/julia_internal.h
@@ -171,6 +171,7 @@ static inline uint64_t cycleclock(void) JL_NOTSAFEPOINT
 // Global *atomic* integers controlling *process-wide* measurement of compilation time.
 extern JL_DLLEXPORT _Atomic(uint8_t) jl_measure_compile_time_enabled;
 extern JL_DLLEXPORT _Atomic(uint64_t) jl_cumulative_compile_time;
+extern JL_DLLEXPORT _Atomic(uint64_t) jl_cumulative_recompile_time;
 
 #define jl_return_address() ((uintptr_t)__builtin_return_address(0))
 
diff --git a/src/threading.c b/src/threading.c
index 0314112aca425..b0757ad106dec 100644
--- a/src/threading.c
+++ b/src/threading.c
@@ -289,6 +289,7 @@ void jl_pgcstack_getkey(jl_get_pgcstack_func **f, jl_pgcstack_key_t *k)
 jl_ptls_t *jl_all_tls_states JL_GLOBALLY_ROOTED;
 JL_DLLEXPORT _Atomic(uint8_t) jl_measure_compile_time_enabled = 0;
 JL_DLLEXPORT _Atomic(uint64_t) jl_cumulative_compile_time = 0;
+JL_DLLEXPORT _Atomic(uint64_t) jl_cumulative_recompile_time = 0;
 
 // return calling thread's ID
 // Also update the suspended_threads list in signals-mach when changing the
diff --git a/test/misc.jl b/test/misc.jl
index 278e048155ae0..7291688de8f46 100644
--- a/test/misc.jl
+++ b/test/misc.jl
@@ -334,24 +334,23 @@ function timev_macro_scope()
 end
 @test timev_macro_scope() == 1
 
-before = Base.cumulative_compile_time_ns_before();
+before_comp, before_recomp = Base.cumulative_compile_time_ns() # no need to turn timing on, @time will do that
 
 # exercise concurrent calls to `@time` for reentrant compilation time measurement.
-t1 = @async @time begin
-    sleep(2)
-    @eval module M ; f(x,y) = x+y ; end
-    @eval M.f(2,3)
-end
-t2 = @async begin
-    sleep(1)
-    @time 2 + 2
+@sync begin
+    t1 = @async @time begin
+        sleep(2)
+        @eval module M ; f(x,y) = x+y ; end
+        @eval M.f(2,3)
+    end
+    t2 = @async begin
+        sleep(1)
+        @time 2 + 2
+    end
 end
 
-after = Base.cumulative_compile_time_ns_after();
-@test after >= before;
-
-# wait for completion of these tasks before restoring stdout, to suppress their @time prints.
-wait(t1); wait(t2)
+after_comp, after_recomp = Base.cumulative_compile_time_ns() # no need to turn timing off, @time will do that
+@test after_comp >= before_comp;
 
 end # redirect_stdout