diff --git a/AutomatedTesting/Gem/PythonTests/CMakeLists.txt b/AutomatedTesting/Gem/PythonTests/CMakeLists.txt
index 26c03e78c2..421d095be7 100644
--- a/AutomatedTesting/Gem/PythonTests/CMakeLists.txt
+++ b/AutomatedTesting/Gem/PythonTests/CMakeLists.txt
@@ -67,3 +67,6 @@ add_subdirectory(Multiplayer)
 
 ## Integration tests for editor testing framework ##
 add_subdirectory(editor_test_testing)
+
+## Performance ##
+add_subdirectory(Performance)
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/CMakeLists.txt b/AutomatedTesting/Gem/PythonTests/Performance/CMakeLists.txt
new file mode 100644
index 0000000000..c2ec14db9d
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/CMakeLists.txt
@@ -0,0 +1,39 @@
+#
+# Copyright (c) Contributors to the Open 3D Engine Project.
+# For complete copyright and license terms please see the LICENSE at the root of this distribution.
+#
+# SPDX-License-Identifier: Apache-2.0 OR MIT
+#
+#
+
+if(NOT PAL_TRAIT_BUILD_TESTS_SUPPORTED OR NOT PAL_TRAIT_BUILD_HOST_TOOLS)
+    return()
+endif()
+
+ly_add_pytest(
+    NAME AutomatedTesting::EditorLevelLoadingPerfTests_DX12
+    TEST_SUITE periodic
+    TEST_REQUIRES gpu
+    TEST_SERIAL
+    PATH ${CMAKE_CURRENT_LIST_DIR}/TestSuite_Periodic_DX12.py
+    RUNTIME_DEPENDENCIES
+        Legacy::Editor
+        AZ::AssetProcessor
+        AutomatedTesting.Assets
+    COMPONENT
+        Performance
+)
+
+ly_add_pytest(
+    NAME AutomatedTesting::EditorLevelLoadingPerfTests_Vulkan
+    TEST_SUITE periodic
+    TEST_REQUIRES gpu
+    TEST_SERIAL
+    PATH ${CMAKE_CURRENT_LIST_DIR}/TestSuite_Periodic_Vulkan.py
+    RUNTIME_DEPENDENCIES
+        Legacy::Editor
+        AZ::AssetProcessor
+        AutomatedTesting.Assets
+    COMPONENT
+        Performance
+)
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/TestSuite_Periodic_DX12.py b/AutomatedTesting/Gem/PythonTests/Performance/TestSuite_Periodic_DX12.py
new file mode 100644
index 0000000000..ac3152a090
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/TestSuite_Periodic_DX12.py
@@ -0,0 +1,31 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+
+"""
+
+# This suite consists of all test cases that are passing and have been verified.
+
+import pytest
+import os
+import sys
+
+from ly_test_tools.o3de.editor_test import EditorTestSuite, EditorSingleTest
+
+@pytest.mark.parametrize("project", ["AutomatedTesting"])
+@pytest.mark.parametrize("launcher_platform", ['windows_editor'])
+class TestAutomation(EditorTestSuite):
+
+    class Time_EditorLevelLoading_10KEntityCpuPerfTest(EditorSingleTest):
+        extra_cmdline_args = ['-rhi=dx12']
+        use_null_renderer = False  # needs renderer to validate test
+
+        from .tests import EditorLevelLoading_10KEntityCpuPerfTest as test_module
+
+    class Time_EditorLevelLoading_10kVegInstancesTest(EditorSingleTest):
+        extra_cmdline_args = ['-rhi=dx12']
+        use_null_renderer = False  # needs renderer to validate test
+
+        from .tests import EditorLevelLoading_10kVegInstancesTest as test_module
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/TestSuite_Periodic_Vulkan.py b/AutomatedTesting/Gem/PythonTests/Performance/TestSuite_Periodic_Vulkan.py
new file mode 100644
index 0000000000..c71ede27dc
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/TestSuite_Periodic_Vulkan.py
@@ -0,0 +1,34 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+
+"""
+
+# This suite consists of all test cases that are passing and have been verified.
+
+import pytest
+import os
+import sys
+
+from ly_test_tools.o3de.editor_test import EditorTestSuite, EditorSingleTest
+
+@pytest.mark.parametrize("project", ["AutomatedTesting"])
+@pytest.mark.parametrize("launcher_platform", ['windows_editor'])
+class TestAutomation(EditorTestSuite):
+
+    class Time_EditorLevelLoading_10KEntityCpuPerfTest(EditorSingleTest):
+        # there is currently a huge discrepancy loading this level with vulkan compared to dx12 which requires the 10 min timeout
+        # this should be removed once that issue has been sorted out
+        timeout = 600
+        extra_cmdline_args = ['-rhi=vulkan']
+        use_null_renderer = False  # needs renderer to validate test
+
+        from .tests import EditorLevelLoading_10KEntityCpuPerfTest as test_module
+
+    class Time_EditorLevelLoading_10kVegInstancesTest(EditorSingleTest):
+        extra_cmdline_args = ['-rhi=vulkan']
+        use_null_renderer = False  # needs renderer to validate test
+
+        from .tests import EditorLevelLoading_10kVegInstancesTest as test_module
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/__init__.py b/AutomatedTesting/Gem/PythonTests/Performance/__init__.py
new file mode 100644
index 0000000000..f5193b300e
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/__init__.py
@@ -0,0 +1,6 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+"""
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/tests/EditorLevelLoading_10KEntityCpuPerfTest.py b/AutomatedTesting/Gem/PythonTests/Performance/tests/EditorLevelLoading_10KEntityCpuPerfTest.py
new file mode 100644
index 0000000000..fb7707044a
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/tests/EditorLevelLoading_10KEntityCpuPerfTest.py
@@ -0,0 +1,15 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+"""
+
+from Performance.utils.perf_timer import time_editor_level_loading
+
+def EditorLevelLoading_10KEntityCpuPerfTest():
+    time_editor_level_loading('Performance', '10KEntityCpuPerfTest')
+
+if __name__ == "__main__":
+    from editor_python_test_tools.utils import Report
+    Report.start_test(EditorLevelLoading_10KEntityCpuPerfTest)
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/tests/EditorLevelLoading_10kVegInstancesTest.py b/AutomatedTesting/Gem/PythonTests/Performance/tests/EditorLevelLoading_10kVegInstancesTest.py
new file mode 100644
index 0000000000..1c71cc806e
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/tests/EditorLevelLoading_10kVegInstancesTest.py
@@ -0,0 +1,15 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+"""
+
+from Performance.utils.perf_timer import time_editor_level_loading
+
+def EditorLevelLoading_10kVegInstancesTest():
+    time_editor_level_loading('Performance', '10kVegInstancesTest')
+
+if __name__ == "__main__":
+    from editor_python_test_tools.utils import Report
+    Report.start_test(EditorLevelLoading_10kVegInstancesTest)
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/tests/__init__.py b/AutomatedTesting/Gem/PythonTests/Performance/tests/__init__.py
new file mode 100644
index 0000000000..f5193b300e
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/tests/__init__.py
@@ -0,0 +1,6 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+"""
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/utils/__init__.py b/AutomatedTesting/Gem/PythonTests/Performance/utils/__init__.py
new file mode 100644
index 0000000000..f5193b300e
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/utils/__init__.py
@@ -0,0 +1,6 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+"""
diff --git a/AutomatedTesting/Gem/PythonTests/Performance/utils/perf_timer.py b/AutomatedTesting/Gem/PythonTests/Performance/utils/perf_timer.py
new file mode 100644
index 0000000000..54497e96b2
--- /dev/null
+++ b/AutomatedTesting/Gem/PythonTests/Performance/utils/perf_timer.py
@@ -0,0 +1,72 @@
+"""
+Copyright (c) Contributors to the Open 3D Engine Project.
+For complete copyright and license terms please see the LICENSE at the root of this distribution.
+
+SPDX-License-Identifier: Apache-2.0 OR MIT
+"""
+
+import time
+
+ENTER_MSG = ("Entered game mode", "Failed to enter game mode")
+EXIT_MSG = ("Exited game mode",  "Couldn't exit game mode")
+
+class Timer:
+    unit_divisor = 60
+    hour_divisor = unit_divisor * unit_divisor
+
+    def start(self):
+        self._start_time = time.perf_counter()
+
+    def log_time(self, message):
+        from editor_python_test_tools.utils import Report
+
+        elapsed_time = time.perf_counter() - self._start_time
+        hours = int(elapsed_time / Timer.hour_divisor)
+        minutes = int(elapsed_time % Timer.hour_divisor / Timer.unit_divisor)
+        seconds = elapsed_time % Timer.unit_divisor
+
+        Report.info(f'{message}: {hours:0>2d}:{minutes:0>2d}:{seconds:0>5.2f}\n')
+
+def time_editor_level_loading(level_dir, level_name):
+
+    """
+    Summary:
+    Time how long it takes to load an arbitrary level, entering game mode, and exiting game mode
+
+    Level Description:
+    Preferably a level with a large number of entities
+
+    Expected Behavior:
+    Level loads within a reasonable time frame e.i. doesn't trip the framework timeout
+
+    Benchmark Steps:
+     1) Time opening the level
+     2) Time entering game mode
+     3) Time exiting game mode
+     4) Close the editor
+
+    :return: None
+    """
+    from editor_python_test_tools.utils import TestHelper as helper
+
+    timer = Timer()
+
+    helper.init_idle()
+
+    # 1) Open level
+    timer.start()
+    helper.open_level(level_dir, level_name)
+    timer.log_time('Level load time')
+
+    # 2) Time how long it takes to enter game mode
+    timer.start()
+    helper.enter_game_mode(ENTER_MSG)
+    timer.log_time('Enter game mode')
+
+    # 3) Exit game mode
+    timer.start()
+    helper.exit_game_mode(EXIT_MSG)
+    timer.log_time('Exit game mode')
+
+    # 4) Close the editor
+    helper.close_editor()
diff --git a/scripts/build/Platform/Windows/build_config.json b/scripts/build/Platform/Windows/build_config.json
index 017f56bb68..f951221d8e 100644
--- a/scripts/build/Platform/Windows/build_config.json
+++ b/scripts/build/Platform/Windows/build_config.json
@@ -239,7 +239,29 @@
       "CMAKE_LY_PROJECTS": "AutomatedTesting",
       "CMAKE_TARGET": "TEST_SUITE_periodic",
       "CMAKE_NATIVE_BUILD_ARGS": "/m /nologo",
-      "CTEST_OPTIONS": "-L \"(SUITE_periodic)\" -T Test --no-tests=error",
+      "CTEST_OPTIONS": "-L \"(SUITE_periodic)\" -LE \"(REQUIRES_gpu)\"  -T Test --no-tests=error",
+      "TEST_METRICS": "True",
+      "TEST_RESULTS": "True"
+    }
+  },
+  "periodic_test_gpu_profile": {
+    "TAGS": [
+        "nightly-incremental",
+        "nightly-clean",
+        "weekly-build-metrics"
+    ],
+    "PIPELINE_ENV":{
+      "NODE_LABEL":"windows-gpu"
+    },
+    "COMMAND": "build_test_windows.cmd",
+    "PARAMETERS": {
+      "CONFIGURATION": "profile",
+      "OUTPUT_DIRECTORY": "build\\windows",
+      "CMAKE_OPTIONS": "-G \"Visual Studio 16 2019\" -DCMAKE_SYSTEM_VERSION=10.0",
+      "CMAKE_LY_PROJECTS": "AutomatedTesting",
+      "CMAKE_TARGET": "TEST_SUITE_periodic",
+      "CMAKE_NATIVE_BUILD_ARGS": "/m /nologo",
+      "CTEST_OPTIONS": "-L \"(SUITE_periodic_REQUIRES_gpu)\" -T Test --no-tests=error",
       "TEST_METRICS": "True",
       "TEST_RESULTS": "True"
     }