diff --git a/arch/x86/kvm/mmu.c b/arch/x86/kvm/mmu.c
index a10af9c87f8a..138dcdef8a06 100644
--- a/arch/x86/kvm/mmu.c
+++ b/arch/x86/kvm/mmu.c
@@ -5456,8 +5456,6 @@ int kvm_mmu_page_fault(struct kvm_vcpu *vcpu, gva_t cr2, u64 error_code,
 	case EMULATE_DONE:
 		return 1;
 	case EMULATE_USER_EXIT:
-		++vcpu->stat.mmio_exits;
-		/* fall through */
 	case EMULATE_FAIL:
 		return 0;
 	default:
diff --git a/arch/x86/kvm/vmx/vmx.c b/arch/x86/kvm/vmx/vmx.c
index 8bab3e53d1e1..8f61250fc1c0 100644
--- a/arch/x86/kvm/vmx/vmx.c
+++ b/arch/x86/kvm/vmx/vmx.c
@@ -5201,7 +5201,6 @@ static int handle_invalid_guest_state(struct kvm_vcpu *vcpu)
 		err = kvm_emulate_instruction(vcpu, 0);
 
 		if (err == EMULATE_USER_EXIT) {
-			++vcpu->stat.mmio_exits;
 			ret = 0;
 			goto out;
 		}
diff --git a/arch/x86/kvm/x86.c b/arch/x86/kvm/x86.c
index 7e51924c4a1c..2b92c2ca1d79 100644
--- a/arch/x86/kvm/x86.c
+++ b/arch/x86/kvm/x86.c
@@ -6703,6 +6703,8 @@ int x86_emulate_instruction(struct kvm_vcpu *vcpu,
 		}
 		r = EMULATE_USER_EXIT;
 	} else if (vcpu->mmio_needed) {
+		++vcpu->stat.mmio_exits;
+
 		if (!vcpu->mmio_is_write)
 			writeback = false;
 		r = EMULATE_USER_EXIT;