diff --git a/arch/x86/kvm/x86.c b/arch/x86/kvm/x86.c
index 5fbae8cc0697..34670943f543 100644
--- a/arch/x86/kvm/x86.c
+++ b/arch/x86/kvm/x86.c
@@ -1588,6 +1588,9 @@ bool kvm_msr_allowed(struct kvm_vcpu *vcpu, u32 index, u32 type)
 			allowed = !!test_bit(index - start, bitmap);
 			break;
 		}
+
+		/* Note, VM-Exits that go down the "slow" path are accounted below. */
+		++vcpu->stat.exits;
 	}
 
 out: