diff --git a/application/Espo/Core/Formula/Functions/NumberGroup/PowerType.php b/application/Espo/Core/Formula/Functions/NumberGroup/PowerType.php
new file mode 100644
index 0000000000..0f0f8b730e
--- /dev/null
+++ b/application/Espo/Core/Formula/Functions/NumberGroup/PowerType.php
@@ -0,0 +1,61 @@
+<?php
+/************************************************************************
+ * This file is part of EspoCRM.
+ *
+ * EspoCRM – Open Source CRM application.
+ * Copyright (C) 2014-2024 Yurii Kuznietsov, Taras Machyshyn, Oleksii Avramenko
+ * Website: https://www.espocrm.com
+ *
+ * This program is free software: you can redistribute it and/or modify
+ * it under the terms of the GNU Affero General Public License as published by
+ * the Free Software Foundation, either version 3 of the License, or
+ * (at your option) any later version.
+ *
+ * This program is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the
+ * GNU Affero General Public License for more details.
+ *
+ * You should have received a copy of the GNU Affero General Public License
+ * along with this program. If not, see <https://www.gnu.org/licenses/>.
+ *
+ * The interactive user interfaces in modified source and object code versions
+ * of this program must display Appropriate Legal Notices, as required under
+ * Section 5 of the GNU Affero General Public License version 3.
+ *
+ * In accordance with Section 7(b) of the GNU Affero General Public License version 3,
+ * these Appropriate Legal Notices must retain the display of the "EspoCRM" word.
+ ************************************************************************/
+
+namespace Espo\Core\Formula\Functions\NumberGroup;
+
+use Espo\Core\Formula\EvaluatedArgumentList;
+use Espo\Core\Formula\Exceptions\BadArgumentType;
+use Espo\Core\Formula\Exceptions\TooFewArguments;
+use Espo\Core\Formula\Func;
+
+/**
+ * @noinspection PhpUnused
+ */
+class PowerType implements Func
+{
+    public function process(EvaluatedArgumentList $arguments): float|int
+    {
+        if (count($arguments) < 2) {
+            throw TooFewArguments::create(2);
+        }
+
+        $value = $arguments[0];
+        $exp = $arguments[1];
+
+        if (!is_int($value) && !is_float($value)) {
+            throw BadArgumentType::create(1, 'int|float');
+        }
+
+        if (!is_int($exp) && !is_float($exp)) {
+            throw BadArgumentType::create(2, 'int|float');
+        }
+
+        return pow($value, $exp);
+    }
+}
diff --git a/application/Espo/Resources/metadata/app/formula.json b/application/Espo/Resources/metadata/app/formula.json
index c09d2542ff..bd76f94b74 100644
--- a/application/Espo/Resources/metadata/app/formula.json
+++ b/application/Espo/Resources/metadata/app/formula.json
@@ -182,6 +182,11 @@
             "name": "number\\abs",
             "insertText": "number\\abs(VALUE)"
         },
+        {
+            "name": "number\\power",
+            "insertText": "number\\power(VALUE, EXP)",
+            "returnType": "int|float"
+        },
         {
             "name": "number\\round",
             "insertText": "number\\round(VALUE, PRECISION)",
diff --git a/tests/unit/Espo/Core/Formula/EvaluatorTest.php b/tests/unit/Espo/Core/Formula/EvaluatorTest.php
index 0458a9ad74..66bce1e46d 100644
--- a/tests/unit/Espo/Core/Formula/EvaluatorTest.php
+++ b/tests/unit/Espo/Core/Formula/EvaluatorTest.php
@@ -867,6 +867,26 @@ class EvaluatorTest extends \PHPUnit\Framework\TestCase
         );
     }
 
+    public function testNumberPower1(): void
+    {
+        $expression = "number\\power(3, 2)";
+
+        $this->assertSame(
+            9,
+            $this->evaluator->process($expression)
+        );
+    }
+
+    public function testNumberPower2(): void
+    {
+        $expression = "number\\power(3.0, 2.0)";
+
+        $this->assertSame(
+            9.0,
+            $this->evaluator->process($expression)
+        );
+    }
+
     public function testNullCoalescing1(): void
     {
         $expression = "null ?? 1";