diff --git a/lib/Loop.php b/lib/Loop.php
index 3452047..1127a19 100644
--- a/lib/Loop.php
+++ b/lib/Loop.php
@@ -332,6 +332,18 @@ final class Loop
         self::$driver->unreference($watcherId);
     }
 
+    /**
+     * Returns the current loop time in millisecond increments. Note this value does not necessarily correlate to
+     * wall-clock time, rather the value returned is meant to be used in relative comparisons to prior values returned
+     * by this method (intervals, expiration calculations, etc.) and is only updated once per loop tick.
+     *
+     * @return int
+     */
+    public static function now(): int
+    {
+        return self::$driver->now();
+    }
+
     /**
      * Stores information in the loop bound registry.
      *
diff --git a/lib/Loop/Driver.php b/lib/Loop/Driver.php
index 64272ed..ffb9508 100644
--- a/lib/Loop/Driver.php
+++ b/lib/Loop/Driver.php
@@ -590,6 +590,20 @@ abstract class Driver
         ($this->errorHandler)($exception);
     }
 
+    /**
+     * Returns the current loop time in millisecond increments. Note this value does not necessarily correlate to
+     * wall-clock time, rather the value returned is meant to be used in relative comparisons to prior values returned
+     * by this method (intervals, expiration calculations, etc.) and is only updated once per loop tick.
+     *
+     * Extending classes should override this function to return a value cached once per loop tick.
+     *
+     * @return int
+     */
+    public function now(): int
+    {
+        return \microtime(true) * self::MILLISEC_PER_SEC;
+    }
+
     /**
      * Get the underlying loop handle.
      *
diff --git a/lib/Loop/EvDriver.php b/lib/Loop/EvDriver.php
index 8e2eb79..1f6175d 100644
--- a/lib/Loop/EvDriver.php
+++ b/lib/Loop/EvDriver.php
@@ -11,22 +11,38 @@ class EvDriver extends Driver
 {
     /** @var \EvSignal[]|null */
     private static $activeSignals;
+
     /** @var \EvLoop */
     private $handle;
+
     /** @var \EvWatcher[] */
     private $events = [];
+
     /** @var callable */
     private $ioCallback;
+
     /** @var callable */
     private $timerCallback;
+
     /** @var callable */
     private $signalCallback;
+
     /** @var \EvSignal[] */
     private $signals = [];
 
+    /** @var int Internal timestamp for now. */
+    private $now = 0;
+
+    /** @var bool */
+    private $nowUpdateNeeded = false;
+
+    /** @var int Loop time offset from microtime() */
+    private $nowOffset;
+
     public function __construct()
     {
         $this->handle = new \EvLoop;
+        $this->nowOffset = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
 
         if (self::$activeSignals === null) {
             self::$activeSignals = &$this->signals;
@@ -179,6 +195,19 @@ class EvDriver extends Driver
         parent::stop();
     }
 
+    /**
+     * {@inheritdoc}
+     */
+    public function now(): int
+    {
+        if ($this->nowUpdateNeeded) {
+            $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC) - $this->nowOffset;
+            $this->nowUpdateNeeded = false;
+        }
+
+        return $this->now;
+    }
+
     /**
      * {@inheritdoc}
      */
@@ -192,6 +221,7 @@ class EvDriver extends Driver
      */
     protected function dispatch(bool $blocking)
     {
+        $this->nowUpdateNeeded = true;
         $this->handle->run($blocking ? \Ev::RUN_ONCE : \Ev::RUN_ONCE | \Ev::RUN_NOWAIT);
     }
 
diff --git a/lib/Loop/EventDriver.php b/lib/Loop/EventDriver.php
index da54955..d6a5c7e 100644
--- a/lib/Loop/EventDriver.php
+++ b/lib/Loop/EventDriver.php
@@ -11,25 +11,38 @@ class EventDriver extends Driver
 {
     /** @var \Event[]|null */
     private static $activeSignals;
+
     /** @var \EventBase */
     private $handle;
+
     /** @var \Event[] */
     private $events = [];
+
     /** @var callable */
     private $ioCallback;
+
     /** @var callable */
     private $timerCallback;
+
     /** @var callable */
     private $signalCallback;
+
     /** @var \Event[] */
     private $signals = [];
+
+    /** @var bool */
+    private $nowUpdateNeeded = false;
+
     /** @var int Internal timestamp for now. */
-    private $now;
+    private $now = 0;
+
+    /** @var int Loop time offset from microtime() */
+    private $nowOffset;
 
     public function __construct()
     {
         $this->handle = new \EventBase;
-        $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
+        $this->nowOffset = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
 
         if (self::$activeSignals === null) {
             self::$activeSignals = &$this->signals;
@@ -184,6 +197,19 @@ class EventDriver extends Driver
         parent::stop();
     }
 
+    /**
+     * {@inheritdoc}
+     */
+    public function now(): int
+    {
+        if ($this->nowUpdateNeeded) {
+            $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC) - $this->nowOffset;
+            $this->nowUpdateNeeded = false;
+        }
+
+        return $this->now;
+    }
+
     /**
      * {@inheritdoc}
      */
@@ -197,8 +223,8 @@ class EventDriver extends Driver
      */
     protected function dispatch(bool $blocking)
     {
+        $this->nowUpdateNeeded = true;
         $this->handle->loop($blocking ? \EventBase::LOOP_ONCE : \EventBase::LOOP_ONCE | \EventBase::LOOP_NONBLOCK);
-        $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
     }
 
     /**
@@ -206,7 +232,7 @@ class EventDriver extends Driver
      */
     protected function activate(array $watchers)
     {
-        $now = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
+        $now = (int) (\microtime(true) * self::MILLISEC_PER_SEC) - $this->nowOffset;
 
         foreach ($watchers as $watcher) {
             if (!isset($this->events[$id = $watcher->id])) {
@@ -262,7 +288,7 @@ class EventDriver extends Driver
             switch ($watcher->type) {
                 case Watcher::DELAY:
                 case Watcher::REPEAT:
-                    $interval = $watcher->value - ($now - $this->now);
+                    $interval = $watcher->value - ($now - $this->now());
                     $this->events[$id]->add($interval > 0 ? $interval / self::MILLISEC_PER_SEC : 0);
                     break;
 
diff --git a/lib/Loop/NativeDriver.php b/lib/Loop/NativeDriver.php
index 273a1e9..9d7007f 100644
--- a/lib/Loop/NativeDriver.php
+++ b/lib/Loop/NativeDriver.php
@@ -30,8 +30,14 @@ class NativeDriver extends Driver
     /** @var \Amp\Loop\Watcher[][] */
     private $signalWatchers = [];
 
+    /** @var bool */
+    private $nowUpdateNeeded = false;
+
     /** @var int Internal timestamp for now. */
-    private $now;
+    private $now = 0;
+
+    /** @var int Loop time offset from microtime() */
+    private $nowOffset;
 
     /** @var bool */
     private $signalHandling;
@@ -40,7 +46,7 @@ class NativeDriver extends Driver
     {
         $this->timerQueue = new \SplPriorityQueue();
         $this->signalHandling = \extension_loaded("pcntl");
-        $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
+        $this->nowOffset = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
     }
 
     /**
@@ -57,6 +63,19 @@ class NativeDriver extends Driver
         return parent::onSignal($signo, $callback, $data);
     }
 
+    /**
+     * {@inheritdoc}
+     */
+    public function now(): int
+    {
+        if ($this->nowUpdateNeeded) {
+            $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC) - $this->nowOffset;
+            $this->nowUpdateNeeded = false;
+        }
+
+        return $this->now;
+    }
+
     /**
      * {@inheritdoc}
      */
@@ -67,14 +86,14 @@ class NativeDriver extends Driver
 
     protected function dispatch(bool $blocking)
     {
+        $this->nowUpdateNeeded = true;
+
         $this->selectStreams(
             $this->readStreams,
             $this->writeStreams,
             $blocking ? $this->getTimeout() : 0
         );
 
-        $this->now = (int) (\microtime(true) * self::MILLISEC_PER_SEC);
-
         if (!empty($this->timerExpires)) {
             $scheduleQueue = [];
 
@@ -89,14 +108,14 @@ class NativeDriver extends Driver
                         continue;
                     }
 
-                    if ($this->timerExpires[$id] > $this->now) { // Timer at top of queue has not expired.
+                    if ($this->timerExpires[$id] > $this->now()) { // Timer at top of queue has not expired.
                         break;
                     }
 
                     $this->timerQueue->extract();
 
                     if ($watcher->type & Watcher::REPEAT) {
-                        $expiration = $this->now + $watcher->value;
+                        $expiration = $this->now() + $watcher->value;
                         $this->timerExpires[$watcher->id] = $expiration;
                         $scheduleQueue[] = [$watcher, $expiration];
                     } else {
@@ -283,7 +302,7 @@ class NativeDriver extends Driver
 
                 case Watcher::DELAY:
                 case Watcher::REPEAT:
-                    $expiration = $this->now + $watcher->value;
+                    $expiration = $this->now() + $watcher->value;
                     $this->timerExpires[$watcher->id] = $expiration;
                     $this->timerQueue->insert([$watcher, $expiration], -$expiration);
                     break;
diff --git a/lib/Loop/UvDriver.php b/lib/Loop/UvDriver.php
index de21661..ff60d8f 100644
--- a/lib/Loop/UvDriver.php
+++ b/lib/Loop/UvDriver.php
@@ -166,6 +166,14 @@ class UvDriver extends Driver
         return \extension_loaded("uv");
     }
 
+    /**
+     * {@inheritdoc}
+     */
+    public function now(): int
+    {
+        return \uv_now($this->handle);
+    }
+
     /**
      * {@inheritdoc}
      */
diff --git a/test/Loop/DriverTest.php b/test/Loop/DriverTest.php
index 73130a1..9bec2ca 100644
--- a/test/Loop/DriverTest.php
+++ b/test/Loop/DriverTest.php
@@ -1555,6 +1555,23 @@ abstract class DriverTest extends TestCase
         $this->assertNotSame(0, $j);
     }
 
+    public function testNow()
+    {
+        $now = $this->loop->now();
+        $this->loop->delay(100, function () use ($now) {
+            $now += 100;
+            $new = $this->loop->now();
+
+            // Allow a few milliseconds of inaccuracy.
+            $this->assertGreaterThanOrEqual($now - 5, $new);
+            $this->assertLessThanOrEqual($now + 5, $new);
+
+            // Same time should be returned from later call.
+            $this->assertSame($new, $this->loop->now());
+        });
+        $this->loop->run();
+    }
+
     public function testBug163ConsecutiveDelayed()
     {
         $emits = 3;
diff --git a/test/LoopTest.php b/test/LoopTest.php
index 73ffda6..19755ff 100644
--- a/test/LoopTest.php
+++ b/test/LoopTest.php
@@ -46,12 +46,30 @@ class LoopTest extends TestCase
         });
     }
 
+    public function testNow()
+    {
+        Loop::run(function () {
+            $now = Loop::now();
+            Loop::delay(100, function () use ($now) {
+                $now += 100;
+                $new = Loop::now();
+
+                // Allow a few milliseconds of inaccuracy.
+                $this->assertGreaterThanOrEqual($now - 5, $new);
+                $this->assertLessThanOrEqual($now + 5, $new);
+
+                // Same time should be returned from later call.
+                $this->assertSame($new, Loop::now());
+            });
+        });
+    }
+
     public function testGet()
     {
         $this->assertInstanceOf(Loop\Driver::class, Loop::get());
     }
 
-    public function testGetInto()
+    public function testGetInfo()
     {
         $this->assertSame(Loop::get()->getInfo(), Loop::getInfo());
     }