diff --git a/client/components/controls/PlaybackSpeedControl.vue b/client/components/controls/PlaybackSpeedControl.vue
index 9e9f0d54..98f40866 100644
--- a/client/components/controls/PlaybackSpeedControl.vue
+++ b/client/components/controls/PlaybackSpeedControl.vue
@@ -1,7 +1,7 @@
 <template>
   <div ref="wrapper" class="relative ml-4 sm:ml-8" v-click-outside="clickOutside">
     <div class="flex items-center justify-center text-gray-300 cursor-pointer h-full" @mousedown.prevent @mouseup.prevent @click="setShowMenu(true)">
-      <span class="text-gray-200 text-sm sm:text-base">{{ playbackRate.toFixed(1) }}<span class="text-base">x</span></span>
+      <span class="text-gray-200 text-sm sm:text-base">{{ playbackRateDisplay }}<span class="text-base">x</span></span>
     </div>
     <div v-show="showMenu" class="absolute -top-[5.5rem] z-20 bg-bg border-black-200 border shadow-xl rounded-lg" :style="{ left: menuLeft + 'px' }">
       <div class="absolute -bottom-1.5 right-0 w-full flex justify-center" :style="{ left: arrowLeft + 'px' }">
@@ -19,7 +19,7 @@
       <div class="w-full py-1 px-1">
         <div class="flex items-center justify-between">
           <ui-icon-btn :disabled="!canDecrement" icon="remove" @click="decrement" />
-          <p class="px-2 text-2xl sm:text-3xl">{{ playbackRate }}<span class="text-2xl">x</span></p>
+          <p class="px-2 text-2xl sm:text-3xl">{{ playbackRateDisplay }}<span class="text-2xl">x</span></p>
           <ui-icon-btn :disabled="!canIncrement" icon="add" @click="increment" />
         </div>
       </div>
@@ -33,6 +33,10 @@ export default {
     value: {
       type: [String, Number],
       default: 1
+    },
+    playbackRateIncrementDecrement: {
+      type: Number,
+      default: 0.1
     }
   },
   data() {
@@ -58,10 +62,17 @@ export default {
       return [0.5, 1, 1.2, 1.5, 2]
     },
     canIncrement() {
-      return this.playbackRate + 0.1 <= this.MAX_SPEED
+      return this.playbackRate + this.playbackRateIncrementDecrement <= this.MAX_SPEED
     },
     canDecrement() {
-      return this.playbackRate - 0.1 >= this.MIN_SPEED
+      return this.playbackRate - this.playbackRateIncrementDecrement >= this.MIN_SPEED
+    },
+    playbackRateDisplay() {
+      if (this.playbackRateIncrementDecrement == 0.05) return this.playbackRate.toFixed(2)
+      // For 0.1 increment: Only show 2 decimal places if the playback rate is 2 decimals
+      const numDecimals = String(this.playbackRate).split('.')[1]?.length || 0
+      if (numDecimals <= 1) return this.playbackRate.toFixed(1)
+      return this.playbackRate.toFixed(2)
     }
   },
   methods: {
@@ -73,14 +84,14 @@ export default {
       this.$nextTick(() => this.setShowMenu(false))
     },
     increment() {
-      if (this.playbackRate + 0.1 > this.MAX_SPEED) return
-      var newPlaybackRate = this.playbackRate + 0.1
-      this.playbackRate = Number(newPlaybackRate.toFixed(1))
+      if (this.playbackRate + this.playbackRateIncrementDecrement > this.MAX_SPEED) return
+      var newPlaybackRate = this.playbackRate + this.playbackRateIncrementDecrement
+      this.playbackRate = Number(newPlaybackRate.toFixed(2))
     },
     decrement() {
-      if (this.playbackRate - 0.1 < this.MIN_SPEED) return
-      var newPlaybackRate = this.playbackRate - 0.1
-      this.playbackRate = Number(newPlaybackRate.toFixed(1))
+      if (this.playbackRate - this.playbackRateIncrementDecrement < this.MIN_SPEED) return
+      var newPlaybackRate = this.playbackRate - this.playbackRateIncrementDecrement
+      this.playbackRate = Number(newPlaybackRate.toFixed(2))
     },
     updateMenuPositions() {
       if (!this.$refs.wrapper) return
diff --git a/client/components/modals/PlayerSettingsModal.vue b/client/components/modals/PlayerSettingsModal.vue
index 88cb91e1..dfac28cf 100644
--- a/client/components/modals/PlayerSettingsModal.vue
+++ b/client/components/modals/PlayerSettingsModal.vue
@@ -11,9 +11,12 @@
       <div class="flex items-center mb-4">
         <ui-select-input v-model="jumpForwardAmount" :label="$strings.LabelJumpForwardAmount" menuMaxHeight="250px" :items="jumpValues" @input="setJumpForwardAmount" />
       </div>
-      <div class="flex items-center">
+      <div class="flex items-center mb-4">
         <ui-select-input v-model="jumpBackwardAmount" :label="$strings.LabelJumpBackwardAmount" menuMaxHeight="250px" :items="jumpValues" @input="setJumpBackwardAmount" />
       </div>
+      <div class="flex items-center mb-4">
+        <ui-select-input v-model="playbackRateIncrementDecrement" :label="$strings.LabelPlaybackRateIncrementDecrement" menuMaxHeight="250px" :items="playbackRateIncrementDecrementValues" @input="setPlaybackRateIncrementDecrementAmount" />
+      </div>
     </div>
   </modals-modal>
 </template>
@@ -35,7 +38,9 @@ export default {
         { text: this.$getString('LabelTimeDurationXMinutes', ['5']), value: 300 }
       ],
       jumpForwardAmount: 10,
-      jumpBackwardAmount: 10
+      jumpBackwardAmount: 10,
+      playbackRateIncrementDecrementValues: [0.1, 0.05],
+      playbackRateIncrementDecrement: 0.1
     }
   },
   computed: {
@@ -60,10 +65,15 @@ export default {
       this.jumpBackwardAmount = val
       this.$store.dispatch('user/updateUserSettings', { jumpBackwardAmount: val })
     },
+    setPlaybackRateIncrementDecrementAmount(val) {
+      this.playbackRateIncrementDecrement = val
+      this.$store.dispatch('user/updateUserSettings', { playbackRateIncrementDecrement: val })
+    },
     settingsUpdated() {
       this.useChapterTrack = this.$store.getters['user/getUserSetting']('useChapterTrack')
       this.jumpForwardAmount = this.$store.getters['user/getUserSetting']('jumpForwardAmount')
       this.jumpBackwardAmount = this.$store.getters['user/getUserSetting']('jumpBackwardAmount')
+      this.playbackRateIncrementDecrement = this.$store.getters['user/getUserSetting']('playbackRateIncrementDecrement')
     }
   },
   mounted() {
diff --git a/client/components/player/PlayerUi.vue b/client/components/player/PlayerUi.vue
index 31267c7a..f4ad59d1 100644
--- a/client/components/player/PlayerUi.vue
+++ b/client/components/player/PlayerUi.vue
@@ -2,7 +2,7 @@
   <div class="w-full -mt-6">
     <div class="w-full relative mb-1">
       <div class="absolute -top-10 lg:top-0 right-0 lg:right-2 flex items-center h-full">
-        <controls-playback-speed-control v-model="playbackRate" @input="setPlaybackRate" @change="playbackRateChanged" class="mx-2 block" />
+        <controls-playback-speed-control v-model="playbackRate" @input="setPlaybackRate" @change="playbackRateChanged" :playbackRateIncrementDecrement="playbackRateIncrementDecrement" class="mx-2 block" />
 
         <ui-tooltip direction="bottom" :text="$strings.LabelVolume">
           <controls-volume-control ref="volumeControl" v-model="volume" @input="setVolume" class="mx-2 hidden sm:block" />
@@ -180,6 +180,9 @@ export default {
     useChapterTrack() {
       const _useChapterTrack = this.$store.getters['user/getUserSetting']('useChapterTrack') || false
       return this.chapters.length ? _useChapterTrack : false
+    },
+    playbackRateIncrementDecrement() {
+      return this.$store.getters['user/getUserSetting']('playbackRateIncrementDecrement')
     }
   },
   methods: {
@@ -223,12 +226,12 @@ export default {
     },
     increasePlaybackRate() {
       if (this.playbackRate >= 10) return
-      this.playbackRate = Number((this.playbackRate + 0.1).toFixed(1))
+      this.playbackRate = Number((this.playbackRate + this.playbackRateIncrementDecrement || 0.1).toFixed(2))
       this.setPlaybackRate(this.playbackRate)
     },
     decreasePlaybackRate() {
       if (this.playbackRate <= 0.5) return
-      this.playbackRate = Number((this.playbackRate - 0.1).toFixed(1))
+      this.playbackRate = Number((this.playbackRate - this.playbackRateIncrementDecrement || 0.1).toFixed(2))
       this.setPlaybackRate(this.playbackRate)
     },
     playbackRateChanged(playbackRate) {
diff --git a/client/store/user.js b/client/store/user.js
index 0e4cc0cc..d5aad19b 100644
--- a/client/store/user.js
+++ b/client/store/user.js
@@ -5,6 +5,7 @@ export const state = () => ({
     orderDesc: false,
     filterBy: 'all',
     playbackRate: 1,
+    playbackRateIncrementDecrement: 0.1,
     bookshelfCoverSize: 120,
     collapseSeries: false,
     collapseBookSeries: false,
diff --git a/client/strings/en-us.json b/client/strings/en-us.json
index b4ac1389..63c5aaf6 100644
--- a/client/strings/en-us.json
+++ b/client/strings/en-us.json
@@ -486,6 +486,7 @@
   "LabelPersonalYearReview": "Your Year in Review ({0})",
   "LabelPhotoPathURL": "Photo Path/URL",
   "LabelPlayMethod": "Play Method",
+  "LabelPlaybackRateIncrementDecrement": "Playback Rate Increment/Decrement Amount",
   "LabelPlayerChapterNumberMarker": "{0} of {1}",
   "LabelPlaylists": "Playlists",
   "LabelPodcast": "Podcast",