diff --git a/src/runtime/components/css-cache.ts b/src/runtime/components/css-cache.ts
new file mode 100644
index 00000000..2aaf1a32
--- /dev/null
+++ b/src/runtime/components/css-cache.ts
@@ -0,0 +1,23 @@
+import { getIconCSS } from '@iconify/utils/lib/css/icon'
+import type { IconifyIcon } from '@iconify/types'
+
+const MAX_SIZE = 1000
+const cache = new Map<string, { icon: IconifyIcon, css: string }>()
+
+function isSameIcon(a: IconifyIcon, b: IconifyIcon) {
+  const keys = Object.keys(a) as (keyof IconifyIcon)[]
+  return keys.length === Object.keys(b).length && keys.every(key => Object.hasOwn(b, key) && a[key] === b[key])
+}
+
+export function getCachedIconCSS(icon: IconifyIcon, iconSelector: string, customise?: (content: string) => string) {
+  if (customise)
+    return getIconCSS(icon, { iconSelector, format: 'compressed', customise })
+  const cached = cache.get(iconSelector)
+  if (cached && isSameIcon(cached.icon, icon))
+    return cached.css
+  const css = getIconCSS(icon, { iconSelector, format: 'compressed' })
+  if (!cached && cache.size >= MAX_SIZE)
+    cache.clear()
+  cache.set(iconSelector, { icon: { ...icon }, css })
+  return css
+}
diff --git a/src/runtime/components/css.ts b/src/runtime/components/css.ts
index db121b2b..f149eca2 100644
--- a/src/runtime/components/css.ts
+++ b/src/runtime/components/css.ts
@@ -1,11 +1,11 @@
 import { addIcon, getIcon as _getIcon } from '@iconify/vue'
 import { computed, watch, h, defineComponent } from 'vue'
-import { getIconCSS } from '@iconify/utils/lib/css/icon'
 import type { PropType } from 'vue'
 import type { IconifyIcon } from '@iconify/types'
 import type { NuxtIconRuntimeOptions, NuxtIconRuntimeServerOptions } from '../../types'
 import type { IconifyIconCustomizeCallback } from './shared'
 import { hash } from 'ohash'
+import { getCachedIconCSS } from './css-cache'
 import { loadIcon, resolveCustomizeFn } from './shared'
 import { useAppConfig, useNuxtApp, useHead, useRuntimeConfig, onServerPrefetch } from '#imports'
 
@@ -113,11 +113,7 @@ export const NuxtIconCss = /* @__PURE__ */ defineComponent({
         iconSelector = `:where(${iconSelector})`
       }
 
-      const css = getIconCSS(icon, {
-        iconSelector,
-        format: 'compressed',
-        customise: resolveCustomizeFn(props.customize, options.customize),
-      })
+      const css = getCachedIconCSS(icon, iconSelector, resolveCustomizeFn(props.customize, options.customize))
       if (options.cssLayer && withLayer) {
         return `@layer ${options.cssLayer} { ${css} }`
       }
diff --git a/test/css-cache.test.ts b/test/css-cache.test.ts
new file mode 100644
index 00000000..80b4f04a
--- /dev/null
+++ b/test/css-cache.test.ts
@@ -0,0 +1,83 @@
+import { beforeEach, expect, it, vi } from 'vitest'
+import type { IconifyIcon } from '@iconify/types'
+
+vi.mock('@iconify/utils/lib/css/icon', async (importOriginal) => {
+  const original = await importOriginal<typeof import('@iconify/utils/lib/css/icon')>()
+  return { getIconCSS: vi.fn(original.getIconCSS) }
+})
+
+const { getIconCSS: uncached } = await vi.importActual<typeof import('@iconify/utils/lib/css/icon')>('@iconify/utils/lib/css/icon')
+
+let getIconCSS: typeof uncached
+let getCachedIconCSS: typeof import('../src/runtime/components/css-cache').getCachedIconCSS
+
+beforeEach(async () => {
+  vi.resetModules()
+  getIconCSS = (await import('@iconify/utils/lib/css/icon')).getIconCSS
+  getCachedIconCSS = (await import('../src/runtime/components/css-cache')).getCachedIconCSS
+  vi.mocked(getIconCSS).mockClear()
+})
+
+const icon: IconifyIcon = { body: '<path fill="currentColor" d="M0 0h24v24H0z"/>', width: 24, height: 24 }
+
+it('returns the same CSS as `getIconCSS`', () => {
+  const expected = uncached(icon, { iconSelector: '.i-a', format: 'compressed' })
+  expect(getCachedIconCSS(icon, '.i-a')).toBe(expected)
+  expect(getCachedIconCSS(icon, '.i-a')).toBe(expected)
+  expect(getIconCSS).toHaveBeenCalledTimes(1)
+})
+
+it('generates CSS per selector', () => {
+  expect(getCachedIconCSS(icon, '.i-a')).toContain('.i-a{')
+  expect(getCachedIconCSS(icon, ':where(.i-a)')).toContain(':where(.i-a){')
+  expect(getIconCSS).toHaveBeenCalledTimes(2)
+})
+
+it('regenerates CSS when the icon data changes', () => {
+  const css = getCachedIconCSS(icon, '.i-a')
+  expect(getCachedIconCSS({ ...icon, width: 16 }, '.i-a')).not.toBe(css)
+  expect(getCachedIconCSS({ ...icon, hFlip: true }, '.i-a')).not.toBe(css)
+  expect(getCachedIconCSS({ ...icon }, '.i-a')).toBe(css)
+  expect(getIconCSS).toHaveBeenCalledTimes(4)
+})
+
+it('distinguishes a missing field from one set to `undefined`', () => {
+  const css = getCachedIconCSS({ body: icon.body, width: undefined }, '.i-a')
+  expect(getCachedIconCSS({ body: icon.body, height: 24 }, '.i-a')).not.toBe(css)
+})
+
+it('is not affected by mutating the icon after caching', () => {
+  const data = { ...icon }
+  const css = getCachedIconCSS(data, '.i-a')
+  data.body = '<path d="M1 1"/>'
+  expect(getCachedIconCSS(data, '.i-a')).not.toBe(css)
+})
+
+it('does not cache CSS generated with `customise`', () => {
+  const plain = getCachedIconCSS(icon, '.i-a')
+  const customise = (body: string) => body.replace('currentColor', 'red')
+  const customised = getCachedIconCSS(icon, '.i-a', customise)
+  expect(customised).toBe(uncached(icon, { iconSelector: '.i-a', format: 'compressed', customise }))
+  expect(customised).not.toBe(plain)
+  expect(getCachedIconCSS(icon, '.i-a')).toBe(plain)
+  expect(getIconCSS).toHaveBeenCalledTimes(2)
+})
+
+it('clears the cache once it holds 1000 selectors', () => {
+  for (let i = 0; i < 1000; i++)
+    getCachedIconCSS(icon, `.i-${i}`)
+  getCachedIconCSS(icon, '.i-0')
+  expect(getIconCSS).toHaveBeenCalledTimes(1000)
+
+  getCachedIconCSS(icon, '.i-overflow')
+  getCachedIconCSS(icon, '.i-0')
+  expect(getIconCSS).toHaveBeenCalledTimes(1002)
+})
+
+it('does not clear the cache when replacing an existing selector at capacity', () => {
+  for (let i = 0; i < 1000; i++)
+    getCachedIconCSS(icon, `.i-${i}`)
+  getCachedIconCSS({ ...icon, width: 16 }, '.i-0')
+  getCachedIconCSS(icon, '.i-1')
+  expect(getIconCSS).toHaveBeenCalledTimes(1001)
+})