diff --git a/Lib/pathlib.py b/Lib/pathlib.py
index b959e85d18406a..a0678f61b63211 100644
--- a/Lib/pathlib.py
+++ b/Lib/pathlib.py
@@ -748,10 +748,12 @@ def __exit__(self, t, v, tb):
 
     @classmethod
     def cwd(cls):
-        """Return a new path pointing to the current working directory
-        (as returned by os.getcwd()).
-        """
-        return cls(os.getcwd())
+        """Return a new path pointing to the current working directory."""
+        # We call 'absolute()' rather than using 'os.getcwd()' directly to
+        # enable users to replace the implementation of 'absolute()' in a
+        # subclass and benefit from the new behaviour here. This works because
+        # os.path.abspath('.') == os.getcwd().
+        return cls().absolute()
 
     @classmethod
     def home(cls):
@@ -825,7 +827,7 @@ def absolute(self):
         """
         if self.is_absolute():
             return self
-        return self._from_parts([self.cwd()] + self._parts)
+        return self._from_parts([os.getcwd()] + self._parts)
 
     def resolve(self, strict=False):
         """
diff --git a/Misc/NEWS.d/next/Library/2022-12-28-00-28-43.gh-issue-100562.Hic0Z0.rst b/Misc/NEWS.d/next/Library/2022-12-28-00-28-43.gh-issue-100562.Hic0Z0.rst
new file mode 100644
index 00000000000000..56a4265897199a
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2022-12-28-00-28-43.gh-issue-100562.Hic0Z0.rst
@@ -0,0 +1,3 @@
+Improve performance of :meth:`pathlib.Path.absolute` by nearly 2x. This comes
+at the cost of a performance regression in :meth:`pathlib.Path.cwd`, which is
+generally used less frequently in user code.