diff --git a/tools/perf/builtin-report.c b/tools/perf/builtin-report.c
index 3ba0e9737dc5..3a9d1b659fcd 100644
--- a/tools/perf/builtin-report.c
+++ b/tools/perf/builtin-report.c
@@ -103,6 +103,9 @@ static int hist_iter__report_callback(struct hist_entry_iter *iter,
 	if (!ui__has_annotation())
 		return 0;
 
+	hist__account_cycles(iter->sample->branch_stack, al, iter->sample,
+			     rep->nonany_branch_mode);
+
 	if (sort__mode == SORT_MODE__BRANCH) {
 		bi = he->branch_info;
 		err = addr_map_symbol__inc_samples(&bi->from, evsel->idx);
diff --git a/tools/perf/util/hist.c b/tools/perf/util/hist.c
index 54fc0033dd6a..a6e9ddd37913 100644
--- a/tools/perf/util/hist.c
+++ b/tools/perf/util/hist.c
@@ -1415,6 +1415,39 @@ int hists__link(struct hists *leader, struct hists *other)
 	return 0;
 }
 
+void hist__account_cycles(struct branch_stack *bs, struct addr_location *al,
+			  struct perf_sample *sample, bool nonany_branch_mode)
+{
+	struct branch_info *bi;
+
+	/* If we have branch cycles always annotate them. */
+	if (bs && bs->nr && bs->entries[0].flags.cycles) {
+		int i;
+
+		bi = sample__resolve_bstack(sample, al);
+		if (bi) {
+			struct addr_map_symbol *prev = NULL;
+
+			/*
+			 * Ignore errors, still want to process the
+			 * other entries.
+			 *
+			 * For non standard branch modes always
+			 * force no IPC (prev == NULL)
+			 *
+			 * Note that perf stores branches reversed from
+			 * program order!
+			 */
+			for (i = bs->nr - 1; i >= 0; i--) {
+				addr_map_symbol__account_cycles(&bi[i].from,
+					nonany_branch_mode ? NULL : prev,
+					bi[i].flags.cycles);
+				prev = &bi[i].to;
+			}
+			free(bi);
+		}
+	}
+}
 
 size_t perf_evlist__fprintf_nr_events(struct perf_evlist *evlist, FILE *fp)
 {
diff --git a/tools/perf/util/hist.h b/tools/perf/util/hist.h
index 3881d9815309..e2f712f85d2e 100644
--- a/tools/perf/util/hist.h
+++ b/tools/perf/util/hist.h
@@ -350,6 +350,9 @@ static inline int script_browse(const char *script_opt __maybe_unused)
 
 unsigned int hists__sort_list_width(struct hists *hists);
 
+void hist__account_cycles(struct branch_stack *bs, struct addr_location *al,
+			  struct perf_sample *sample, bool nonany_branch_mode);
+
 struct option;
 int parse_filter_percentage(const struct option *opt __maybe_unused,
 			    const char *arg, int unset __maybe_unused);