diff --git a/packages/kit/src/module/define.ts b/packages/kit/src/module/define.ts
index c1b75c1091..2a2ac6f9fe 100644
--- a/packages/kit/src/module/define.ts
+++ b/packages/kit/src/module/define.ts
@@ -1,8 +1,9 @@
 import { promises as fsp } from 'node:fs'
+import { performance } from 'node:perf_hooks'
 import { defu } from 'defu'
 import { applyDefaults } from 'untyped'
 import { dirname } from 'pathe'
-import type { Nuxt, NuxtModule, ModuleOptions, ModuleDefinition, NuxtOptions, ResolvedNuxtTemplate } from '@nuxt/schema'
+import type { Nuxt, NuxtModule, ModuleOptions, ModuleSetupReturn, ModuleDefinition, NuxtOptions, ResolvedNuxtTemplate } from '@nuxt/schema'
 import { logger } from '../logger'
 import { useNuxt, nuxtCtx, tryUseNuxt } from '../context'
 import { isNuxt2, checkNuxtCompatibility } from '../compatibility'
@@ -67,7 +68,27 @@ export function defineNuxtModule<OptionsT extends ModuleOptions> (definition: Mo
     }
 
     // Call setup
-    await definition.setup?.call(null as any, _options, nuxt)
+    const mark = performance.mark()
+    const res = await definition.setup?.call(null as any, _options, nuxt) ?? {}
+    const perf = performance.measure(`nuxt:module:${uniqueKey || (Math.round(Math.random() * 10000))}`, mark.name)
+    const setupTime = Math.round((perf.duration * 100)) / 100
+
+    // Measure setup time
+    if (setupTime > 5000) {
+      logger.warn(`Slow module \`${uniqueKey || '<no name>'}\` took \`${setupTime}ms\` to setup.`)
+    } else if (nuxt.options.debug) {
+      logger.info(`Module \`${uniqueKey || '<no name>'}\` took \`${setupTime}ms\` to setup.`)
+    }
+
+    // Check if module is ignored
+    if (res === false) { return false }
+
+    // Return module install result
+    return defu(res, <ModuleSetupReturn> {
+      timings: {
+        setup: setupTime
+      }
+    })
   }
 
   // Define getters for options and meta
diff --git a/packages/kit/src/module/install.ts b/packages/kit/src/module/install.ts
index 7aa9fcc05c..d978cfff48 100644
--- a/packages/kit/src/module/install.ts
+++ b/packages/kit/src/module/install.ts
@@ -9,7 +9,7 @@ export async function installModule (moduleToInstall: string | NuxtModule, _inli
   const { nuxtModule, inlineOptions } = await normalizeModule(moduleToInstall, _inlineOptions)
 
   // Call module
-  const res = await nuxtModule(inlineOptions, nuxt)
+  const res = await nuxtModule(inlineOptions, nuxt) ?? {}
   if (res === false /* setup aborted */) {
     return
   }
@@ -21,6 +21,7 @@ export async function installModule (moduleToInstall: string | NuxtModule, _inli
   nuxt.options._installedModules = nuxt.options._installedModules || []
   nuxt.options._installedModules.push({
     meta: await nuxtModule.getMeta?.(),
+    timings: res.timings,
     entryPath: typeof moduleToInstall === 'string' ? resolveAlias(moduleToInstall) : undefined
   })
 }
diff --git a/packages/schema/src/types/module.ts b/packages/schema/src/types/module.ts
index b14e246cb8..2a105fed98 100644
--- a/packages/schema/src/types/module.ts
+++ b/packages/schema/src/types/module.ts
@@ -26,19 +26,32 @@ export interface ModuleMeta {
 /** The options received.  */
 export type ModuleOptions = Record<string, any>
 
+/** Optional result for nuxt modules */
+export interface ModuleSetupReturn {
+  /**
+   * Timing information for the initial setup
+   */
+  timings?: {
+    /** Total time took for module setup in ms */
+    setup?: number
+    [key: string]: number | undefined
+  }
+}
+
+type Awaitable<T> = T | Promise<T>
+type _ModuleSetupReturn = Awaitable<void | false | ModuleSetupReturn>
+
 /** Input module passed to defineNuxtModule. */
 export interface ModuleDefinition<T extends ModuleOptions = ModuleOptions> {
   meta?: ModuleMeta
   defaults?: T | ((nuxt: Nuxt) => T)
   schema?: T
   hooks?: Partial<NuxtHooks>
-  setup?: (this: void, resolvedOptions: T, nuxt: Nuxt) => void | Promise<void>
+  setup?: (this: void, resolvedOptions: T, nuxt: Nuxt) => _ModuleSetupReturn
 }
 
-/** Nuxt modules are always a simple function. */
-type Awaitable<T> = T | Promise<T>
 export interface NuxtModule<T extends ModuleOptions = ModuleOptions> {
-  (this: void, inlineOptions: T, nuxt: Nuxt): Awaitable<void | false>
+  (this: void, inlineOptions: T, nuxt: Nuxt): _ModuleSetupReturn
   getOptions?: (inlineOptions?: T, nuxt?: Nuxt) => Promise<T>
   getMeta?: () => Promise<ModuleMeta>
 }