diff --git a/io_uring/io_uring.c b/io_uring/io_uring.c
index 25f201fc3ffd..3d5fb465eed7 100644
--- a/io_uring/io_uring.c
+++ b/io_uring/io_uring.c
@@ -7625,7 +7625,7 @@ static inline int io_cqring_wait_schedule(struct io_ring_ctx *ctx,
 					  struct io_wait_queue *iowq,
 					  ktime_t *timeout)
 {
-	int ret;
+	int token, ret;
 
 	/* make sure we run task_work before checking for signals */
 	ret = io_run_task_work_sig();
@@ -7635,9 +7635,17 @@ static inline int io_cqring_wait_schedule(struct io_ring_ctx *ctx,
 	if (test_bit(0, &ctx->check_cq_overflow))
 		return 1;
 
+	/*
+	 * Use io_schedule_prepare/finish, so cpufreq can take into account
+	 * that the task is waiting for IO - turns out to be important for low
+	 * QD IO.
+	 */
+	token = io_schedule_prepare();
+	ret = 1;
 	if (!schedule_hrtimeout(timeout, HRTIMER_MODE_ABS))
-		return -ETIME;
-	return 1;
+		ret = -ETIME;
+	io_schedule_finish(token);
+	return ret;
 }
 
 /*