diff --git a/README.md b/README.md
index f93b0de..3689113 100644
--- a/README.md
+++ b/README.md
@@ -186,6 +186,25 @@ ic| 3: 3
 code with `ic()` breaks.
 
 
+### Timing Asynchronous Functions
+
+`@ic.timer` measures a coroutine function from when it is awaited until it
+returns, raises, or is cancelled. The decorated function remains a coroutine
+function and preserves its return value and exceptions.
+
+```python
+import asyncio
+from icecream import ic
+
+@ic.timer
+async def pause():
+    await asyncio.sleep(0.1)
+
+asyncio.run(pause())
+# ic| pause took 100.00ms (approximately)
+```
+
+
 ### Import Tricks
 
 To make `ic()` available in every file without needing to be imported in
diff --git a/icecream/icecream.py b/icecream/icecream.py
index 45a39ca..7a07d70 100644
--- a/icecream/icecream.py
+++ b/icecream/icecream.py
@@ -574,6 +574,18 @@ def _output(self, duration: float, label: str = "") -> None:
         self._ic.outputFunction(msg)
 
     def __call__(self, func: Callable[..., Any]) -> Callable[..., Any]:
+        if inspect.iscoroutinefunction(func):
+            @functools.wraps(func)
+            async def async_wrapper(*args: Any, **kwargs: Any) -> Any:
+                start_time = time.perf_counter()
+                try:
+                    return await func(*args, **kwargs)
+                finally:
+                    duration = time.perf_counter() - start_time
+                    self._output(duration, func.__name__)
+
+            return async_wrapper
+
         @functools.wraps(func)
         def wrapper(*args: Any, **kwargs: Any) -> Any:
             start_time: float = time.perf_counter()
diff --git a/tests/test_icecream.py b/tests/test_icecream.py
index 342c56d..1d80fae 100644
--- a/tests/test_icecream.py
+++ b/tests/test_icecream.py
@@ -9,11 +9,14 @@
 #
 # License: MIT
 #
+import asyncio
+import inspect
 import re
 import sys
 import time
 import unittest
 import warnings
+from unittest.mock import patch
 
 from io import StringIO
 from contextlib import contextmanager
@@ -994,3 +997,84 @@ def test_timer_context_manager_resets_enter_time_after_exit(self):
         with self.assertRaises(RuntimeError) as ctx:
             timer.__exit__(None, None, None)
         self.assertIn("__enter__", str(ctx.exception))
+
+
+class TestAsyncTimer(unittest.IsolatedAsyncioTestCase):
+    def test_preserves_coroutine_function(self):
+        @ic.timer
+        async def original():
+            """An asynchronous function."""
+
+        self.assertTrue(inspect.iscoroutinefunction(original))
+        self.assertEqual(original.__name__, 'original')
+        self.assertEqual(original.__doc__, 'An asynchronous function.')
+
+    async def test_measures_awaited_function(self):
+        output = []
+        debugger = icecream.IceCreamDebugger(outputFunction=output.append)
+
+        @debugger.timer
+        async def add(x, y=0):
+            await asyncio.sleep(0)
+            self.assertEqual(output, [])
+            return x + y
+
+        with patch('icecream.icecream.time.perf_counter', side_effect=[10, 12]):
+            coroutine = add(2, y=3)
+            try:
+                self.assertEqual(output, [])
+            finally:
+                result = await coroutine
+
+        self.assertEqual(result, 5)
+        self.assertEqual(output, ['ic| add took 2.00s'])
+
+    async def test_reports_time_and_preserves_exception(self):
+        output = []
+        debugger = icecream.IceCreamDebugger(outputFunction=output.append)
+        error = ValueError('asynchronous failure')
+
+        @debugger.timer
+        async def fail():
+            await asyncio.sleep(0)
+            raise error
+
+        with patch('icecream.icecream.time.perf_counter', side_effect=[10, 12]):
+            with self.assertRaises(ValueError) as caught:
+                await fail()
+
+        self.assertIs(caught.exception, error)
+        self.assertEqual(output, ['ic| fail took 2.00s'])
+
+    async def test_disabled_timer(self):
+        output = []
+        debugger = icecream.IceCreamDebugger(outputFunction=output.append)
+        debugger.disable()
+
+        @debugger.timer
+        async def original():
+            await asyncio.sleep(0)
+            return 42
+
+        self.assertEqual(await original(), 42)
+        self.assertEqual(output, [])
+
+    async def test_reports_time_when_cancelled(self):
+        output = []
+        debugger = icecream.IceCreamDebugger(outputFunction=output.append)
+        started = asyncio.Event()
+
+        @debugger.timer
+        async def wait():
+            started.set()
+            await asyncio.Event().wait()
+
+        with patch('icecream.icecream.time.perf_counter', side_effect=[10, 12]):
+            task = asyncio.create_task(wait())
+            await started.wait()
+            self.assertEqual(output, [])
+            task.cancel()
+            with self.assertRaises(asyncio.CancelledError):
+                await task
+
+        self.assertEqual(output, ['ic| wait took 2.00s'])