diff --git a/mm/page_io.c b/mm/page_io.c
index 68d53fc27598..fc6b3fb1f7c5 100644
--- a/mm/page_io.c
+++ b/mm/page_io.c
@@ -452,18 +452,21 @@ int swap_readpage(struct page *page, bool synchronous,
 	struct swap_info_struct *sis = page_swap_info(page);
 	bool workingset = PageWorkingset(page);
 	unsigned long pflags;
+	bool in_thrashing;
 
 	VM_BUG_ON_PAGE(!PageSwapCache(page) && !synchronous, page);
 	VM_BUG_ON_PAGE(!PageLocked(page), page);
 	VM_BUG_ON_PAGE(PageUptodate(page), page);
 
 	/*
-	 * Count submission time as memory stall. When the device is congested,
-	 * or the submitting cgroup IO-throttled, submission can be a
-	 * significant part of overall IO time.
+	 * Count submission time as memory stall and delay. When the device
+	 * is congested, or the submitting cgroup IO-throttled, submission
+	 * can be a significant part of overall IO time.
 	 */
-	if (workingset)
+	if (workingset) {
+		delayacct_thrashing_start(&in_thrashing);
 		psi_memstall_enter(&pflags);
+	}
 	delayacct_swapin_start();
 
 	if (frontswap_load(page) == 0) {
@@ -512,8 +515,10 @@ int swap_readpage(struct page *page, bool synchronous,
 	bio_put(bio);
 
 out:
-	if (workingset)
+	if (workingset) {
+		delayacct_thrashing_end(&in_thrashing);
 		psi_memstall_leave(&pflags);
+	}
 	delayacct_swapin_end();
 	return ret;
 }