diff --git a/lib/dpif-netdev.c b/lib/dpif-netdev.c
index 279ae6b..a9f509a 100644
--- a/lib/dpif-netdev.c
+++ b/lib/dpif-netdev.c
@@ -504,6 +504,7 @@ struct tx_port {
     long long last_used;
     struct hmap_node node;
     struct dp_packet_batch output_pkts;
+    struct dp_netdev_rxq *output_pkts_rxqs[NETDEV_MAX_BURST];
 };
 
 /* A set of properties for the current processing loop that is not directly
@@ -515,6 +516,10 @@ struct dp_netdev_pmd_thread_ctx {
     long long now;
     /* Used to count cycles. See 'cycles_count_end()' */
     unsigned long long last_cycles;
+    /* RX queue from which last packet was received. */
+    struct dp_netdev_rxq *last_rxq;
+    /* Indicates how should be treated last counted cycles. */
+    enum pmd_cycles_counter_type current_pmd_cycles_type;
 };
 
 /* PMD: Poll modes drivers.  PMD accesses devices via polling to eliminate
@@ -3232,42 +3237,53 @@ cycles_counter(void)
 /* Fake mutex to make sure that the calls to cycles_count_* are balanced */
 extern struct ovs_mutex cycles_counter_fake_mutex;
 
-/* Start counting cycles.  Must be followed by 'cycles_count_end()' */
+/* Start counting cycles.  Must be followed by 'cycles_count_end()'.
+ * Counting starts from the idle type state.  */
 static inline void
 cycles_count_start(struct dp_netdev_pmd_thread *pmd)
     OVS_ACQUIRES(&cycles_counter_fake_mutex)
     OVS_NO_THREAD_SAFETY_ANALYSIS
 {
+    pmd->ctx.current_pmd_cycles_type = PMD_CYCLES_IDLE;
     pmd->ctx.last_cycles = cycles_counter();
 }
 
-/* Stop counting cycles and add them to the counter 'type' */
+/* Stop counting cycles and add them to the counter of the current type. */
 static inline void
-cycles_count_end(struct dp_netdev_pmd_thread *pmd,
-                 enum pmd_stat_type type)
+cycles_count_end(struct dp_netdev_pmd_thread *pmd)
     OVS_RELEASES(&cycles_counter_fake_mutex)
     OVS_NO_THREAD_SAFETY_ANALYSIS
 {
     unsigned long long interval = cycles_counter() - pmd->ctx.last_cycles;
+    enum pmd_cycles_counter_type type = pmd->ctx.current_pmd_cycles_type;
 
     pmd_perf_update_counter(&pmd->perf_stats, type, interval);
 }
 
-/* Calculate the intermediate cycle result and add to the counter 'type' */
+/* Calculate the intermediate cycle result and add to the counter of
+ * the current type */
 static inline void
 cycles_count_intermediate(struct dp_netdev_pmd_thread *pmd,
-                          struct dp_netdev_rxq *rxq,
-                          enum pmd_stat_type type)
+                          struct dp_netdev_rxq **rxqs, int n_rxqs)
     OVS_NO_THREAD_SAFETY_ANALYSIS
 {
     unsigned long long new_cycles = cycles_counter();
     unsigned long long interval = new_cycles - pmd->ctx.last_cycles;
+    enum pmd_cycles_counter_type type = pmd->ctx.current_pmd_cycles_type;
+    int i;
+
     pmd->ctx.last_cycles = new_cycles;
 
     pmd_perf_update_counter(&pmd->perf_stats, type, interval);
-    if (rxq && (type == PMD_CYCLES_POLL_BUSY)) {
+    if (n_rxqs && (type == PMD_CYCLES_POLL_BUSY)) {
         /* Add to the amount of current processing cycles. */
-        non_atomic_ullong_add(&rxq->cycles[RXQ_CYCLES_PROC_CURR], interval);
+        interval /= n_rxqs;
+        for (i = 0; i < n_rxqs; i++) {
+            if (rxqs[i]) {
+                non_atomic_ullong_add(&rxqs[i]->cycles[RXQ_CYCLES_PROC_CURR],
+                        interval);
+            }
+        }
     }
 }
 
@@ -3319,6 +3335,16 @@ dp_netdev_pmd_flush_output_on_port(struct dp_netdev_pmd_thread *pmd,
     int tx_qid;
     int output_cnt;
     bool dynamic_txqs;
+    enum pmd_cycles_counter_type save_pmd_cycles_type;
+
+    /* In case we're in PMD_CYCLES_PROCESSING state we need to count
+     * cycles for rxq we're processing now. */
+    cycles_count_intermediate(pmd, &pmd->ctx.last_rxq, 1);
+
+    /* Save current cycles counting state to restore after accounting
+     * send cycles. */
+    save_pmd_cycles_type = pmd->ctx.current_pmd_cycles_type;
+    pmd->ctx.current_pmd_cycles_type = PMD_CYCLES_POLL_BUSY;
 
     dynamic_txqs = p->port->dynamic_txqs;
     if (dynamic_txqs) {
@@ -3336,6 +3362,10 @@ dp_netdev_pmd_flush_output_on_port(struct dp_netdev_pmd_thread *pmd,
                             PMD_STAT_SENT_PKTS, output_cnt);
     pmd_perf_update_counter(&pmd->perf_stats,
                             PMD_STAT_SENT_BATCHES, 1);
+
+    /* Update send cycles for all the rx queues and restore previous state. */
+    cycles_count_intermediate(pmd, p->output_pkts_rxqs, output_cnt);
+    pmd->ctx.current_pmd_cycles_type = save_pmd_cycles_type;
 }
 
 static void
@@ -3352,7 +3382,7 @@ dp_netdev_pmd_flush_output_packets(struct dp_netdev_pmd_thread *pmd)
 
 static int
 dp_netdev_process_rxq_port(struct dp_netdev_pmd_thread *pmd,
-                           struct netdev_rxq *rx,
+                           struct dp_netdev_rxq *rxq,
                            odp_port_t port_no)
 {
     struct pmd_perf_stats *s = &pmd->perf_stats;
@@ -3361,7 +3391,12 @@ dp_netdev_process_rxq_port(struct dp_netdev_pmd_thread *pmd,
     int batch_cnt = 0;
 
     dp_packet_batch_init(&batch);
-    error = netdev_rxq_recv(rx, &batch);
+
+    cycles_count_intermediate(pmd, NULL, 0);
+    pmd->ctx.last_rxq = rxq;
+    pmd->ctx.current_pmd_cycles_type = PMD_CYCLES_POLL_BUSY;
+    error = netdev_rxq_recv(rxq->rx, &batch);
+
     if (!error) {
         *recirc_depth_get() = 0;
         pmd_thread_ctx_time_update(pmd);
@@ -3385,14 +3420,20 @@ dp_netdev_process_rxq_port(struct dp_netdev_pmd_thread *pmd,
         }
         /* Process packet batch. */
         dp_netdev_input(pmd, &batch, port_no);
+        cycles_count_intermediate(pmd, &rxq, 1);
+
         dp_netdev_pmd_flush_output_packets(pmd);
+        
     } else if (error != EAGAIN && error != EOPNOTSUPP) {
         static struct vlog_rate_limit rl = VLOG_RATE_LIMIT_INIT(1, 5);
 
         VLOG_ERR_RL(&rl, "error receiving data from %s: %s",
-                    netdev_rxq_get_name(rx), ovs_strerror(error));
+                    netdev_rxq_get_name(rxq->rx), ovs_strerror(error));
     }
 
+    pmd->ctx.current_pmd_cycles_type = PMD_CYCLES_POLL_IDLE;
+    pmd->ctx.last_rxq = NULL;
+
     return batch_cnt;
 }
 
@@ -4016,7 +4057,6 @@ dpif_netdev_run(struct dpif *dpif)
     struct dp_netdev *dp = get_dp_netdev(dpif);
     struct dp_netdev_pmd_thread *non_pmd;
     uint64_t new_tnl_seq;
-    int process_packets = 0;
 
     ovs_mutex_lock(&dp->port_mutex);
     non_pmd = dp_netdev_get_pmd(dp, NON_PMD_CORE_ID);
@@ -4028,18 +4068,13 @@ dpif_netdev_run(struct dpif *dpif)
                 int i;
 
                 for (i = 0; i < port->n_rxq; i++) {
-                    process_packets =
-                        dp_netdev_process_rxq_port(non_pmd,
-                                                   port->rxqs[i].rx,
-                                                   port->port_no);
-                    cycles_count_intermediate(non_pmd, NULL,
-                                              process_packets
-                                              ? PMD_CYCLES_POLL_BUSY
-                                              : PMD_CYCLES_POLL_IDLE);
+                    dp_netdev_process_rxq_port(non_pmd,
+                                               &port->rxqs[i],
+                                               port->port_no);
                 }
             }
         }
-        cycles_count_end(non_pmd, PMD_CYCLES_POLL_IDLE);
+        cycles_count_end(non_pmd);
         pmd_thread_ctx_time_update(non_pmd);
         dpif_netdev_xps_revalidate_pmd(non_pmd, false);
         ovs_mutex_unlock(&dp->non_pmd_mutex);
@@ -4190,7 +4225,6 @@ pmd_thread_main(void *f_)
     bool exiting;
     int poll_cnt;
     int i;
-    int process_packets = 0;
 
     poll_list = NULL;
 
@@ -4225,14 +4259,10 @@ reload:
         pmd_perf_start_iteration(s, pmd->ctx.last_cycles);
 
         for (i = 0; i < poll_cnt; i++) {
-            process_packets =
-                dp_netdev_process_rxq_port(pmd, poll_list[i].rxq->rx,
-                                           poll_list[i].port_no);
-            cycles_count_intermediate(pmd, poll_list[i].rxq,
-                                      process_packets
-                                      ? PMD_CYCLES_POLL_BUSY
-                                      : PMD_CYCLES_POLL_IDLE);
-            iter_packets += process_packets;
+            int rxq_packets =
+                    dp_netdev_process_rxq_port(pmd, poll_list[i].rxq,
+                                               poll_list[i].port_no);
+            iter_packets += rxq_packets;
         }
 
         if (lc++ > 1024) {
@@ -4253,14 +4283,14 @@ reload:
             if (reload) {
                 break;
             }
-            cycles_count_intermediate(pmd, NULL, PMD_CYCLES_OVERHEAD);
+            cycles_count_intermediate(pmd, NULL, 0);
         }
 
         pmd_perf_end_iteration(s, pmd->ctx.last_cycles, iter_packets,
                                pmd_perf_metrics_enabled(pmd));
     }
 
-    cycles_count_end(pmd, PMD_CYCLES_OVERHEAD);
+    cycles_count_end(pmd);
 
     poll_cnt = pmd_load_queues_and_ports(pmd, &poll_list);
     exiting = latch_is_set(&pmd->exit_latch);
@@ -4699,6 +4729,8 @@ dp_netdev_configure_pmd(struct dp_netdev_pmd_thread *pmd, struct dp_netdev *dp,
     ovs_mutex_init(&pmd->port_mutex);
     cmap_init(&pmd->flow_table);
     cmap_init(&pmd->classifiers);
+    pmd->ctx.last_rxq = NULL;
+    pmd->ctx.current_pmd_cycles_type = PMD_CYCLES_IDLE;
     pmd_thread_ctx_time_update(pmd);
     pmd->next_optimization = pmd->ctx.now + DPCLS_OPTIMIZATION_INTERVAL;
     pmd->rxq_next_cycle_store = pmd->ctx.now + PMD_RXQ_INTERVAL_LEN;
@@ -5585,6 +5617,8 @@ dp_execute_cb(void *aux_, struct dp_packet_batch *packets_,
                 dp_netdev_pmd_flush_output_on_port(pmd, p);
             }
             DP_PACKET_BATCH_FOR_EACH (packet, packets_) {
+                p->output_pkts_rxqs[dp_packet_batch_size(&p->output_pkts)] =
+                                                            pmd->ctx.last_rxq;
                 dp_packet_batch_add(&p->output_pkts, packet);
             }
             return;
