diff --git a/Cargo.toml b/Cargo.toml
index 3a88149b..64d5969e 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -169,6 +169,10 @@ harness = false
 name = "bench_intern"
 harness = false
 
+[[bench]]
+name = "bench_extract"
+harness = false
+
 [workspace]
 members = [
     "pyo3-ffi",
diff --git a/benches/bench_extract.rs b/benches/bench_extract.rs
new file mode 100644
index 00000000..af454930
--- /dev/null
+++ b/benches/bench_extract.rs
@@ -0,0 +1,169 @@
+use criterion::{black_box, criterion_group, criterion_main, Bencher, Criterion};
+
+use pyo3::{
+    types::{PyDict, PyFloat, PyInt, PyString},
+    IntoPy, PyAny, PyObject, Python,
+};
+
+fn extract_str_extract_success(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let s = PyString::new(py, "Hello, World!") as &PyAny;
+
+        bench.iter(|| {
+            let v = black_box(s).extract::<&str>().unwrap();
+            black_box(v);
+        });
+    });
+}
+
+fn extract_str_extract_fail(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let d = PyDict::new(py) as &PyAny;
+
+        bench.iter(|| match black_box(d).extract::<&str>() {
+            Ok(v) => panic!("should err {}", v),
+            Err(e) => black_box(e),
+        });
+    });
+}
+
+fn extract_str_downcast_success(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let s = PyString::new(py, "Hello, World!") as &PyAny;
+
+        bench.iter(|| {
+            let py_str = black_box(s).downcast::<PyString>().unwrap();
+            let v = py_str.to_str().unwrap();
+            black_box(v);
+        });
+    });
+}
+
+fn extract_str_downcast_fail(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let d = PyDict::new(py) as &PyAny;
+
+        bench.iter(|| match black_box(d).downcast::<PyString>() {
+            Ok(v) => panic!("should err {}", v),
+            Err(e) => black_box(e),
+        });
+    });
+}
+
+fn extract_int_extract_success(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let int_obj: PyObject = 123.into_py(py);
+        let int = int_obj.as_ref(py);
+
+        bench.iter(|| {
+            let v = black_box(int).extract::<i64>().unwrap();
+            black_box(v);
+        });
+    });
+}
+
+fn extract_int_extract_fail(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let d = PyDict::new(py) as &PyAny;
+
+        bench.iter(|| match black_box(d).extract::<i64>() {
+            Ok(v) => panic!("should err {}", v),
+            Err(e) => black_box(e),
+        });
+    });
+}
+
+fn extract_int_downcast_success(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let int_obj: PyObject = 123.into_py(py);
+        let int = int_obj.as_ref(py);
+
+        bench.iter(|| {
+            let py_int = black_box(int).downcast::<PyInt>().unwrap();
+            let v = py_int.extract::<i64>().unwrap();
+            black_box(v);
+        });
+    });
+}
+
+fn extract_int_downcast_fail(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let d = PyDict::new(py) as &PyAny;
+
+        bench.iter(|| match black_box(d).downcast::<PyInt>() {
+            Ok(v) => panic!("should err {}", v),
+            Err(e) => black_box(e),
+        });
+    });
+}
+
+fn extract_float_extract_success(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let float_obj: PyObject = 23.42.into_py(py);
+        let float = float_obj.as_ref(py);
+
+        bench.iter(|| {
+            let v = black_box(float).extract::<f64>().unwrap();
+            black_box(v);
+        });
+    });
+}
+
+fn extract_float_extract_fail(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let d = PyDict::new(py) as &PyAny;
+
+        bench.iter(|| match black_box(d).extract::<f64>() {
+            Ok(v) => panic!("should err {}", v),
+            Err(e) => black_box(e),
+        });
+    });
+}
+
+fn extract_float_downcast_success(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let float_obj: PyObject = 23.42.into_py(py);
+        let float = float_obj.as_ref(py);
+
+        bench.iter(|| {
+            let py_int = black_box(float).downcast::<PyFloat>().unwrap();
+            let v = py_int.extract::<f64>().unwrap();
+            black_box(v);
+        });
+    });
+}
+
+fn extract_float_downcast_fail(bench: &mut Bencher<'_>) {
+    Python::with_gil(|py| {
+        let d = PyDict::new(py) as &PyAny;
+
+        bench.iter(|| match black_box(d).downcast::<PyFloat>() {
+            Ok(v) => panic!("should err {}", v),
+            Err(e) => black_box(e),
+        });
+    });
+}
+
+fn criterion_benchmark(c: &mut Criterion) {
+    c.bench_function("extract_str_extract_success", extract_str_extract_success);
+    c.bench_function("extract_str_extract_fail", extract_str_extract_fail);
+    c.bench_function("extract_str_downcast_success", extract_str_downcast_success);
+    c.bench_function("extract_str_downcast_fail", extract_str_downcast_fail);
+    c.bench_function("extract_int_extract_success", extract_int_extract_success);
+    c.bench_function("extract_int_extract_fail", extract_int_extract_fail);
+    c.bench_function("extract_int_downcast_success", extract_int_downcast_success);
+    c.bench_function("extract_int_downcast_fail", extract_int_downcast_fail);
+    c.bench_function(
+        "extract_float_extract_success",
+        extract_float_extract_success,
+    );
+    c.bench_function("extract_float_extract_fail", extract_float_extract_fail);
+    c.bench_function(
+        "extract_float_downcast_success",
+        extract_float_downcast_success,
+    );
+    c.bench_function("extract_float_downcast_fail", extract_float_downcast_fail);
+}
+
+criterion_group!(benches, criterion_benchmark);
+criterion_main!(benches);