diff --git a/src/_pytest/junitxml.py b/src/_pytest/junitxml.py
index 06cab961ef5..ec9922ee7bd 100644
--- a/src/_pytest/junitxml.py
+++ b/src/_pytest/junitxml.py
@@ -11,8 +11,6 @@
 from __future__ import annotations
 
 from collections.abc import Callable
-from datetime import datetime
-from datetime import timezone
 import functools
 import os
 import platform
@@ -636,8 +634,7 @@ def pytest_internalerror(self, excrepr: ExceptionRepr) -> None:
         reporter._add_simple("error", "internal error", str(excrepr))
 
     def pytest_sessionstart(self) -> None:
-        self.suite_start_time = timing.time()
-        self.suite_start_perf = timing.perf_counter()
+        self.suite_start = timing.Instant()
 
     def pytest_sessionfinish(self) -> None:
         dirname = os.path.dirname(os.path.abspath(self.logfile))
@@ -645,8 +642,7 @@ def pytest_sessionfinish(self) -> None:
         os.makedirs(dirname, exist_ok=True)
 
         with open(self.logfile, "w", encoding="utf-8") as logfile:
-            suite_stop_perf = timing.perf_counter()
-            suite_time_delta = suite_stop_perf - self.suite_start_perf
+            duration = self.suite_start.elapsed()
 
             numtests = (
                 self.stats["passed"]
@@ -664,10 +660,8 @@ def pytest_sessionfinish(self) -> None:
                 failures=str(self.stats["failure"]),
                 skipped=str(self.stats["skipped"]),
                 tests=str(numtests),
-                time=f"{suite_time_delta:.3f}",
-                timestamp=datetime.fromtimestamp(self.suite_start_time, timezone.utc)
-                .astimezone()
-                .isoformat(),
+                time=f"{duration.seconds:.3f}",
+                timestamp=self.suite_start.as_utc().astimezone().isoformat(),
                 hostname=platform.node(),
             )
             global_properties = self._get_global_properties_node()
diff --git a/src/_pytest/pytester.py b/src/_pytest/pytester.py
index bb5f6a5787e..11127a88bb8 100644
--- a/src/_pytest/pytester.py
+++ b/src/_pytest/pytester.py
@@ -1150,7 +1150,7 @@ def runpytest_inprocess(
 
         if syspathinsert:
             self.syspathinsert()
-        now = timing.perf_counter()
+        instant = timing.Instant()
         capture = _get_multicapture("sys")
         capture.start_capturing()
         try:
@@ -1180,7 +1180,7 @@ class reprec:  # type: ignore
 
         assert reprec.ret is not None
         res = RunResult(
-            reprec.ret, out.splitlines(), err.splitlines(), timing.perf_counter() - now
+            reprec.ret, out.splitlines(), err.splitlines(), instant.elapsed().seconds
         )
         res.reprec = reprec  # type: ignore
         return res
@@ -1408,7 +1408,7 @@ def run(
         print("     in:", Path.cwd())
 
         with p1.open("w", encoding="utf8") as f1, p2.open("w", encoding="utf8") as f2:
-            now = timing.perf_counter()
+            instant = timing.Instant()
             popen = self.popen(
                 cmdargs,
                 stdin=stdin,
@@ -1445,7 +1445,7 @@ def handle_timeout() -> None:
 
         with contextlib.suppress(ValueError):
             ret = ExitCode(ret)
-        return RunResult(ret, out, err, timing.perf_counter() - now)
+        return RunResult(ret, out, err, instant.elapsed().seconds)
 
     def _dump_lines(self, lines, fp):
         try:
diff --git a/src/_pytest/runner.py b/src/_pytest/runner.py
index f0543289267..26e4e838b77 100644
--- a/src/_pytest/runner.py
+++ b/src/_pytest/runner.py
@@ -339,8 +339,7 @@ def from_call(
             function, instead of being wrapped in the CallInfo.
         """
         excinfo = None
-        start = timing.time()
-        precise_start = timing.perf_counter()
+        instant = timing.Instant()
         try:
             result: TResult | None = func()
         except BaseException:
@@ -348,14 +347,11 @@ def from_call(
             if reraise is not None and isinstance(excinfo.value, reraise):
                 raise
             result = None
-        # use the perf counter
-        precise_stop = timing.perf_counter()
-        duration = precise_stop - precise_start
-        stop = timing.time()
+        duration = instant.elapsed()
         return cls(
-            start=start,
-            stop=stop,
-            duration=duration,
+            start=duration.start.time,
+            stop=duration.stop.time,
+            duration=duration.seconds,
             when=when,
             result=result,
             excinfo=excinfo,
diff --git a/src/_pytest/terminal.py b/src/_pytest/terminal.py
index 8415912e9ac..d5ccc4e4900 100644
--- a/src/_pytest/terminal.py
+++ b/src/_pytest/terminal.py
@@ -391,7 +391,7 @@ def __init__(self, config: Config, file: TextIO | None = None) -> None:
         self._progress_nodeids_reported: set[str] = set()
         self._timing_nodeids_reported: set[str] = set()
         self._show_progress_info = self._determine_show_progress_info()
-        self._collect_report_last_write: float | None = None
+        self._collect_report_last_write = timing.Instant()
         self._already_displayed_warnings: int | None = None
         self._keyboardinterrupt_memo: ExceptionRepr | None = None
 
@@ -769,7 +769,6 @@ def pytest_collection(self) -> None:
         if self.isatty:
             if self.config.option.verbose >= 0:
                 self.write("collecting ... ", flush=True, bold=True)
-                self._collect_report_last_write = timing.perf_counter()
         elif self.config.option.verbose >= 1:
             self.write("collecting ... ", flush=True, bold=True)
 
@@ -788,14 +787,13 @@ def report_collect(self, final: bool = False) -> None:
             return
 
         if not final:
-            # Only write "collecting" report every 0.5s.
-            t = timing.perf_counter()
+            # Only write the "collecting" report every `REPORT_COLLECTING_RESOLUTION`.
             if (
-                self._collect_report_last_write is not None
-                and self._collect_report_last_write > t - REPORT_COLLECTING_RESOLUTION
+                self._collect_report_last_write.elapsed().seconds
+                < REPORT_COLLECTING_RESOLUTION
             ):
                 return
-            self._collect_report_last_write = t
+            self._collect_report_last_write = timing.Instant()
 
         errors = len(self.stats.get("error", []))
         skipped = len(self.stats.get("skipped", []))
@@ -823,7 +821,7 @@ def report_collect(self, final: bool = False) -> None:
     @hookimpl(trylast=True)
     def pytest_sessionstart(self, session: Session) -> None:
         self._session = session
-        self._sessionstarttime = timing.perf_counter()
+        self._session_start = timing.Instant()
         if not self.showheader:
             return
         self.write_sep("=", "test session starts", bold=True)
@@ -1202,7 +1200,7 @@ def summary_stats(self) -> None:
         if self.verbosity < -1:
             return
 
-        session_duration = timing.perf_counter() - self._sessionstarttime
+        session_duration = self._session_start.elapsed()
         (parts, main_color) = self.build_summary_stats_line()
         line_parts = []
 
@@ -1217,7 +1215,7 @@ def summary_stats(self) -> None:
         msg = ", ".join(line_parts)
 
         main_markup = {main_color: True}
-        duration = f" in {format_session_duration(session_duration)}"
+        duration = f" in {format_session_duration(session_duration.seconds)}"
         duration_with_markup = self._tw.markup(duration, **main_markup)
         if display_sep:
             fullwidth += len(duration_with_markup) - len(duration)
diff --git a/src/_pytest/timing.py b/src/_pytest/timing.py
index 4422037a9d9..221eeffc4fd 100644
--- a/src/_pytest/timing.py
+++ b/src/_pytest/timing.py
@@ -10,6 +10,7 @@
 
 import dataclasses
 from datetime import datetime
+from datetime import timezone
 from time import perf_counter
 from time import sleep
 from time import time
@@ -20,6 +21,47 @@
     from pytest import MonkeyPatch
 
 
+@dataclasses.dataclass(frozen=True)
+class Instant:
+    """
+    Represents an instant in time, used to both get the timestamp value and to measure
+    the duration of a time span.
+
+    Inspired by Rust's `std::time::Instant`.
+    """
+
+    # Creation time of this instant, using time.time(), to measure actual time.
+    # Note: using a `lambda` to correctly get the mocked time via `MockTiming`.
+    time: float = dataclasses.field(default_factory=lambda: time(), init=False)
+
+    # Performance counter tick of the instant, used to measure precise elapsed time.
+    # Note: using a `lambda` to correctly get the mocked time via `MockTiming`.
+    perf_count: float = dataclasses.field(
+        default_factory=lambda: perf_counter(), init=False
+    )
+
+    def elapsed(self) -> Duration:
+        """Measure the duration since `Instant` was created."""
+        return Duration(start=self, stop=Instant())
+
+    def as_utc(self) -> datetime:
+        """Instant as UTC datetime."""
+        return datetime.fromtimestamp(self.time, timezone.utc)
+
+
+@dataclasses.dataclass(frozen=True)
+class Duration:
+    """A span of time as measured by `Instant.elapsed()`."""
+
+    start: Instant
+    stop: Instant
+
+    @property
+    def seconds(self) -> float:
+        """Elapsed time of the duration in seconds, measured using a performance counter for precise timing."""
+        return self.stop.perf_count - self.start.perf_count
+
+
 @dataclasses.dataclass
 class MockTiming:
     """Mocks _pytest.timing with a known object that can be used to control timing in tests
diff --git a/testing/_py/test_local.py b/testing/_py/test_local.py
index e4b011a9727..7064d1daa9b 100644
--- a/testing/_py/test_local.py
+++ b/testing/_py/test_local.py
@@ -12,7 +12,6 @@
 from py import error
 from py.path import local
 
-import _pytest.timing
 import pytest
 
 
@@ -747,7 +746,8 @@ def test_setmtime(self):
             name = tempfile.mktemp()
             open(name, "w").close()
         try:
-            mtime = int(_pytest.timing.time()) - 100
+            # Do not use _pytest.timing here, as we do not want time mocking to affect this test.
+            mtime = int(time.time()) - 100
             path = local(name)
             assert path.mtime() != mtime
             path.setmtime(mtime)
@@ -1405,7 +1405,8 @@ def test_atime(self, tmpdir):
         import time
 
         path = tmpdir.ensure("samplefile")
-        now = _pytest.timing.perf_counter()
+        # Do not use _pytest.timing here, as we do not want time mocking to affect this test.
+        now = time.time()
         atime1 = path.atime()
         # we could wait here but timer resolution is very
         # system dependent
@@ -1413,7 +1414,7 @@ def test_atime(self, tmpdir):
         time.sleep(ATIME_RESOLUTION)
         atime2 = path.atime()
         time.sleep(ATIME_RESOLUTION)
-        duration = _pytest.timing.perf_counter() - now
+        duration = time.time() - now
         assert (atime2 - atime1) <= duration
 
     def test_commondir(self, path1):
diff --git a/testing/test_pytester.py b/testing/test_pytester.py
index 555d73f9eaa..721e8c19d8b 100644
--- a/testing/test_pytester.py
+++ b/testing/test_pytester.py
@@ -451,13 +451,12 @@ def test_pytester_run_with_timeout(pytester: Pytester) -> None:
 
     timeout = 120
 
-    start = _pytest.timing.perf_counter()
+    instant = _pytest.timing.Instant()
     result = pytester.runpytest_subprocess(testfile, timeout=timeout)
-    end = _pytest.timing.perf_counter()
-    duration = end - start
+    duration = instant.elapsed()
 
     assert result.ret == ExitCode.OK
-    assert duration < timeout
+    assert duration.seconds < timeout
 
 
 def test_pytester_run_timeout_expires(pytester: Pytester) -> None: