diff --git a/.betterer.results b/.betterer.results
index 861464310c9..459e6e95fc4 100644
--- a/.betterer.results
+++ b/.betterer.results
@@ -1971,11 +1971,10 @@ exports[`better eslint`] = {
     ],
     "packages/grafana-ui/src/components/uPlot/config/UPlotAxisBuilder.ts:5381": [
       [0, 0, 0, "Unexpected any. Specify a different type.", "0"],
-      [0, 0, 0, "Unexpected any. Specify a different type.", "1"],
-      [0, 0, 0, "Do not use any type assertions.", "2"],
-      [0, 0, 0, "Unexpected any. Specify a different type.", "3"],
-      [0, 0, 0, "Do not use any type assertions.", "4"],
-      [0, 0, 0, "Unexpected any. Specify a different type.", "5"]
+      [0, 0, 0, "Do not use any type assertions.", "1"],
+      [0, 0, 0, "Unexpected any. Specify a different type.", "2"],
+      [0, 0, 0, "Do not use any type assertions.", "3"],
+      [0, 0, 0, "Unexpected any. Specify a different type.", "4"]
     ],
     "packages/grafana-ui/src/components/uPlot/config/UPlotConfigBuilder.ts:5381": [
       [0, 0, 0, "Do not use any type assertions.", "0"],
@@ -4592,12 +4591,13 @@ exports[`better eslint`] = {
       [0, 0, 0, "Unexpected any. Specify a different type.", "7"],
       [0, 0, 0, "Unexpected any. Specify a different type.", "8"],
       [0, 0, 0, "Unexpected any. Specify a different type.", "9"],
-      [0, 0, 0, "Do not use any type assertions.", "10"],
-      [0, 0, 0, "Unexpected any. Specify a different type.", "11"],
+      [0, 0, 0, "Unexpected any. Specify a different type.", "10"],
+      [0, 0, 0, "Do not use any type assertions.", "11"],
       [0, 0, 0, "Unexpected any. Specify a different type.", "12"],
       [0, 0, 0, "Unexpected any. Specify a different type.", "13"],
       [0, 0, 0, "Unexpected any. Specify a different type.", "14"],
-      [0, 0, 0, "Unexpected any. Specify a different type.", "15"]
+      [0, 0, 0, "Unexpected any. Specify a different type.", "15"],
+      [0, 0, 0, "Unexpected any. Specify a different type.", "16"]
     ],
     "public/app/features/dashboard/utils/panelMerge.test.ts:5381": [
       [0, 0, 0, "Unexpected any. Specify a different type.", "0"],
diff --git a/packages/grafana-data/src/field/displayProcessor.ts b/packages/grafana-data/src/field/displayProcessor.ts
index cce5e73b24d..99a751504da 100644
--- a/packages/grafana-data/src/field/displayProcessor.ts
+++ b/packages/grafana-data/src/field/displayProcessor.ts
@@ -7,7 +7,7 @@ import { toUtc, dateTimeParse } from '../datetime';
 import { GrafanaTheme2 } from '../themes/types';
 import { KeyValue, TimeZone } from '../types';
 import { Field, FieldType } from '../types/dataFrame';
-import { DisplayProcessor, DisplayValue } from '../types/displayValue';
+import { DecimalCount, DisplayProcessor, DisplayValue } from '../types/displayValue';
 import { anyToNumber } from '../utils/anyToNumber';
 import { getValueMappingResult } from '../utils/valueMappings';
 import { getValueFormat, isBooleanUnit } from '../valueFormats/valueFormats';
@@ -75,7 +75,7 @@ export function getDisplayProcessor(options?: DisplayProcessorOptions): DisplayP
   const formatFunc = getValueFormat(unit || 'none');
   const scaleFunc = getScaleCalculator(field, options.theme);
 
-  return (value: any) => {
+  return (value: any, decimals?: DecimalCount) => {
     const { mappings } = config;
     const isStringUnit = unit === 'string';
 
@@ -111,7 +111,7 @@ export function getDisplayProcessor(options?: DisplayProcessorOptions): DisplayP
 
     if (!isNaN(numeric)) {
       if (text == null && !isBoolean(value)) {
-        const v = formatFunc(numeric, config.decimals, null, options.timeZone, showMs);
+        const v = formatFunc(numeric, decimals ?? config.decimals, null, options.timeZone, showMs);
         text = v.text;
         suffix = v.suffix;
         prefix = v.prefix;
diff --git a/packages/grafana-data/src/field/fieldOverrides.ts b/packages/grafana-data/src/field/fieldOverrides.ts
index e656aeea158..5ca3c92becb 100644
--- a/packages/grafana-data/src/field/fieldOverrides.ts
+++ b/packages/grafana-data/src/field/fieldOverrides.ts
@@ -8,6 +8,7 @@ import {
   ApplyFieldOverrideOptions,
   DataFrame,
   DataLink,
+  DecimalCount,
   DisplayProcessor,
   DisplayValue,
   DynamicConfigValue,
@@ -213,9 +214,18 @@ export function applyFieldOverrides(options: ApplyFieldOverrideOptions): DataFra
 // 2. have the ability to selectively get display color or text (but not always both, which are each quite expensive)
 // 3. sufficently optimize text formatting and threshold color determinitation
 function cachingDisplayProcessor(disp: DisplayProcessor, maxCacheSize = 2500): DisplayProcessor {
-  const cache = new Map<any, DisplayValue>();
+  type dispCache = Map<any, DisplayValue>;
+  // decimals -> cache mapping, -1 is unspecified decimals
+  const caches = new Map<number, dispCache>();
+
+  // pre-init caches for up to 15 decimals
+  for (let i = -1; i <= 15; i++) {
+    caches.set(i, new Map());
+  }
+
+  return (value: any, decimals?: DecimalCount) => {
+    let cache = caches.get(decimals ?? -1)!;
 
-  return (value: any) => {
     let v = cache.get(value);
 
     if (!v) {
@@ -224,7 +234,7 @@ function cachingDisplayProcessor(disp: DisplayProcessor, maxCacheSize = 2500): D
         cache.clear();
       }
 
-      v = disp(value);
+      v = disp(value, decimals);
 
       // convert to hex6 or hex8 so downstream we can cheaply test for alpha (and set new alpha)
       // via a simple length check (in colorManipulator) rather using slow parsing via tinycolor
diff --git a/packages/grafana-data/src/types/dataFrame.ts b/packages/grafana-data/src/types/dataFrame.ts
index 75d7482a455..1dba22854dc 100644
--- a/packages/grafana-data/src/types/dataFrame.ts
+++ b/packages/grafana-data/src/types/dataFrame.ts
@@ -1,7 +1,7 @@
 import { ScopedVars } from './ScopedVars';
 import { QueryResultBase, Labels, NullValueMode } from './data';
 import { DataLink, LinkModel } from './dataLink';
-import { DisplayProcessor, DisplayValue } from './displayValue';
+import { DecimalCount, DisplayProcessor, DisplayValue } from './displayValue';
 import { FieldColor } from './fieldColor';
 import { ThresholdsConfig } from './thresholds';
 import { ValueMapping } from './valueMapping';
@@ -63,7 +63,7 @@ export interface FieldConfig<TOptions = any> {
 
   // Numeric Options
   unit?: string;
-  decimals?: number | null; // Significant digits (for display)
+  decimals?: DecimalCount; // Significant digits (for display)
   min?: number | null;
   max?: number | null;
 
diff --git a/packages/grafana-data/src/types/displayValue.ts b/packages/grafana-data/src/types/displayValue.ts
index 2effad55d78..65cf2230617 100644
--- a/packages/grafana-data/src/types/displayValue.ts
+++ b/packages/grafana-data/src/types/displayValue.ts
@@ -1,6 +1,6 @@
 import { FormattedValue } from '../valueFormats';
 
-export type DisplayProcessor = (value: any) => DisplayValue;
+export type DisplayProcessor = (value: any, decimals?: DecimalCount) => DisplayValue;
 
 export interface DisplayValue extends FormattedValue {
   /**
diff --git a/packages/grafana-data/src/utils/index.ts b/packages/grafana-data/src/utils/index.ts
index 6df8d8f21b7..036916fde6c 100644
--- a/packages/grafana-data/src/utils/index.ts
+++ b/packages/grafana-data/src/utils/index.ts
@@ -6,7 +6,7 @@ export * from './deprecationWarning';
 export * from './csv';
 export * from './logs';
 export * from './labels';
-export * from './labels';
+export * from './numbers';
 export * from './object';
 export * from './namedColorsPalette';
 export * from './series';
diff --git a/packages/grafana-data/src/utils/numbers.ts b/packages/grafana-data/src/utils/numbers.ts
new file mode 100644
index 00000000000..ed42d37e220
--- /dev/null
+++ b/packages/grafana-data/src/utils/numbers.ts
@@ -0,0 +1,29 @@
+/**
+ * Round half away from zero ('commercial' rounding)
+ * Uses correction to offset floating-point inaccuracies.
+ * Works symmetrically for positive and negative numbers.
+ *
+ * ref: https://stackoverflow.com/a/48764436
+ */
+export function roundDecimals(val: number, dec = 0) {
+  if (Number.isInteger(val)) {
+    return val;
+  }
+
+  let p = 10 ** dec;
+  let n = val * p * (1 + Number.EPSILON);
+  return Math.round(n) / p;
+}
+
+/**
+ * Tries to guess number of decimals needed to format a number
+ *
+ * used for determining minimum decimals required to uniformly
+ * format a numric sequence, e.g. 10, 10.125, 10.25, 10.5
+ *
+ * good for precisce increments:  0.125            -> 3
+ * bad  for arbitrary floats:     371.499999999999 -> 12
+ */
+export function guessDecimals(num: number) {
+  return (('' + num).split('.')[1] || '').length;
+}
diff --git a/packages/grafana-ui/src/components/TimeSeries/utils.ts b/packages/grafana-ui/src/components/TimeSeries/utils.ts
index 51703830a03..af621e30e6c 100644
--- a/packages/grafana-ui/src/components/TimeSeries/utils.ts
+++ b/packages/grafana-ui/src/components/TimeSeries/utils.ts
@@ -15,6 +15,7 @@ import {
   getFieldDisplayName,
   getDisplayProcessor,
   FieldColorModeId,
+  DecimalCount,
 } from '@grafana/data';
 import {
   AxisPlacement,
@@ -35,7 +36,7 @@ import { UPlotConfigBuilder, UPlotConfigPrepFn } from '../uPlot/config/UPlotConf
 import { getScaleGradientFn } from '../uPlot/config/gradientFills';
 import { getStackingGroups, preparePlotData2 } from '../uPlot/utils';
 
-const defaultFormatter = (v: any) => (v == null ? '-' : v.toFixed(1));
+const defaultFormatter = (v: any, decimals: DecimalCount = 1) => (v == null ? '-' : v.toFixed(decimals));
 
 const defaultConfig: GraphFieldConfig = {
   drawStyle: GraphDrawStyle.Line,
@@ -268,7 +269,7 @@ export const preparePlotConfigBuilder: UPlotConfigPrepFn<{
             label: customConfig.axisLabel,
             size: customConfig.axisWidth,
             placement: customConfig.axisPlacement ?? AxisPlacement.Auto,
-            formatValue: (v) => formattedValueToString(fmt(v)),
+            formatValue: (v, decimals) => formattedValueToString(fmt(v, config.decimals ?? decimals)),
             theme,
             grid: { show: customConfig.axisGridShow },
             show: customConfig.hideFrom?.viz === false,
diff --git a/packages/grafana-ui/src/components/uPlot/config/UPlotAxisBuilder.ts b/packages/grafana-ui/src/components/uPlot/config/UPlotAxisBuilder.ts
index 05a924173d3..bb024fa18fb 100644
--- a/packages/grafana-ui/src/components/uPlot/config/UPlotAxisBuilder.ts
+++ b/packages/grafana-ui/src/components/uPlot/config/UPlotAxisBuilder.ts
@@ -1,6 +1,15 @@
 import uPlot, { Axis } from 'uplot';
 
-import { dateTimeFormat, GrafanaTheme2, isBooleanUnit, systemDateFormats, TimeZone } from '@grafana/data';
+import {
+  dateTimeFormat,
+  DecimalCount,
+  GrafanaTheme2,
+  guessDecimals,
+  isBooleanUnit,
+  roundDecimals,
+  systemDateFormats,
+  TimeZone,
+} from '@grafana/data';
 import { AxisPlacement } from '@grafana/schema';
 
 import { measureText } from '../../../utils/measureText';
@@ -21,7 +30,7 @@ export interface AxisProps {
   ticks?: Axis.Ticks;
   filter?: Axis.Filter;
   space?: Axis.Space;
-  formatValue?: (v: any) => string;
+  formatValue?: (v: any, decimals?: DecimalCount) => string;
   incrs?: Axis.Incrs;
   splits?: Axis.Splits;
   values?: Axis.Values;
@@ -176,7 +185,10 @@ export class UPlotAxisBuilder extends PlotConfigBuilder<AxisProps, Axis> {
     } else if (isTime) {
       config.values = formatTime;
     } else if (formatValue) {
-      config.values = (u: uPlot, vals: any[]) => vals.map(formatValue!);
+      config.values = (u: uPlot, splits, axisIdx, tickSpace, tickIncr) => {
+        let decimals = guessDecimals(roundDecimals(tickIncr, 6));
+        return splits.map((v) => formatValue!(v, decimals > 0 ? decimals : undefined));
+      };
     }
 
     // store timezone
diff --git a/public/app/features/transformers/calculateHeatmap/utils.ts b/public/app/features/transformers/calculateHeatmap/utils.ts
index 3851395f197..07a457d2361 100644
--- a/public/app/features/transformers/calculateHeatmap/utils.ts
+++ b/public/app/features/transformers/calculateHeatmap/utils.ts
@@ -1,28 +1,22 @@
-const { abs, round, pow } = Math;
+import { guessDecimals, roundDecimals } from '@grafana/data';
 
-export function roundDec(val: number, dec: number) {
-  return round(val * (dec = 10 ** dec)) / dec;
-}
+const { abs, pow } = Math;
 
 export const fixedDec = new Map();
 
-export function guessDec(num: number) {
-  return (('' + num).split('.')[1] || '').length;
-}
-
 export function genIncrs(base: number, minExp: number, maxExp: number, mults: number[]) {
   let incrs = [];
 
-  let multDec = mults.map(guessDec);
+  let multDec = mults.map(guessDecimals);
 
   for (let exp = minExp; exp < maxExp; exp++) {
     let expa = abs(exp);
-    let mag = roundDec(pow(base, exp), expa);
+    let mag = roundDecimals(pow(base, exp), expa);
 
     for (let i = 0; i < mults.length; i++) {
       let _incr = mults[i] * mag;
       let dec = (_incr >= 0 && exp >= 0 ? 0 : expa) + (exp >= multDec[i] ? 0 : multDec[i]);
-      let incr = roundDec(_incr, dec);
+      let incr = roundDecimals(_incr, dec);
       incrs.push(incr);
       fixedDec.set(incr, dec);
     }
diff --git a/public/app/plugins/panel/barchart/distribute.ts b/public/app/plugins/panel/barchart/distribute.ts
index 6a4b419b813..2eddf47fcce 100644
--- a/public/app/plugins/panel/barchart/distribute.ts
+++ b/public/app/plugins/panel/barchart/distribute.ts
@@ -1,12 +1,10 @@
-function roundDec(val: number, dec: number) {
-  return Math.round(val * (dec = 10 ** dec)) / dec;
-}
+import { roundDecimals } from '@grafana/data';
 
 export const SPACE_BETWEEN = 1;
 export const SPACE_AROUND = 2;
 export const SPACE_EVENLY = 3;
 
-const coord = (i: number, offs: number, iwid: number, gap: number) => roundDec(offs + i * (iwid + gap), 6);
+const coord = (i: number, offs: number, iwid: number, gap: number) => roundDecimals(offs + i * (iwid + gap), 6);
 
 export type Each = (idx: number, offPct: number, dimPct: number) => void;
 
@@ -37,7 +35,7 @@ export function distribute(numItems: number, sizeFactor: number, justify: number
   /* eslint-enable */
 
   let iwid = sizeFactor / numItems;
-  let _iwid = roundDec(iwid, 6);
+  let _iwid = roundDecimals(iwid, 6);
 
   if (onlyIdx == null) {
     for (let i = 0; i < numItems; i++) {
diff --git a/public/app/plugins/panel/barchart/utils.ts b/public/app/plugins/panel/barchart/utils.ts
index 9d24655bf16..1f12e968a8f 100644
--- a/public/app/plugins/panel/barchart/utils.ts
+++ b/public/app/plugins/panel/barchart/utils.ts
@@ -246,7 +246,7 @@ export const preparePlotConfigBuilder: UPlotConfigPrepFn<BarChartOptionsEX> = ({
         label: customConfig.axisLabel,
         size: customConfig.axisWidth,
         placement,
-        formatValue: (v) => formattedValueToString(field.display!(v)),
+        formatValue: (v, decimals) => formattedValueToString(field.display!(v, field.config.decimals ?? decimals)),
         theme,
         grid: { show: customConfig.axisGridShow },
       });
diff --git a/public/app/plugins/panel/graph/graph.ts b/public/app/plugins/panel/graph/graph.ts
index 26281d8e9f9..d3c63d37d82 100644
--- a/public/app/plugins/panel/graph/graph.ts
+++ b/public/app/plugins/panel/graph/graph.ts
@@ -19,6 +19,7 @@ import {
   DataHoverClearEvent,
   DataHoverEvent,
   DataHoverPayload,
+  DecimalCount,
   FieldDisplay,
   FieldType,
   formattedValueToString,
@@ -945,11 +946,7 @@ class GraphElement {
     return ticks;
   }
 
-  configureAxisMode(
-    axis: { tickFormatter: (val: any, axis: any) => string },
-    format: string,
-    decimals?: number | null
-  ) {
+  configureAxisMode(axis: { tickFormatter: (val: any, axis: any) => string }, format: string, decimals?: DecimalCount) {
     axis.tickFormatter = (val, axis) => {
       const formatter = getValueFormat(format);
 
diff --git a/public/app/plugins/panel/heatmap/utils.ts b/public/app/plugins/panel/heatmap/utils.ts
index e181ccf8ebe..969833b8e39 100644
--- a/public/app/plugins/panel/heatmap/utils.ts
+++ b/public/app/plugins/panel/heatmap/utils.ts
@@ -407,7 +407,7 @@ export function prepConfig(opts: PrepConfigOpts) {
     size: yAxisConfig.axisWidth || null,
     label: yAxisConfig.axisLabel,
     theme: theme,
-    formatValue: (v: number) => formattedValueToString(dispY(v)),
+    formatValue: (v, decimals) => formattedValueToString(dispY(v, yField.config.decimals ?? decimals)),
     splits: isOrdianalY
       ? (self: uPlot) => {
           const meta = readHeatmapRowsCustomMeta(dataRef.current?.heatmap);
diff --git a/public/app/plugins/panel/histogram/Histogram.tsx b/public/app/plugins/panel/histogram/Histogram.tsx
index 6c8bc260ee1..f766351680f 100644
--- a/public/app/plugins/panel/histogram/Histogram.tsx
+++ b/public/app/plugins/panel/histogram/Histogram.tsx
@@ -144,10 +144,15 @@ const prepConfig = (frame: DataFrame, theme: GrafanaTheme2) => {
     theme,
   });
 
+  // assumes BucketMax is [1]
+  let countField = frame.fields[2];
+  let dispY = countField.display;
+
   builder.addAxis({
     scaleKey: 'y',
     isTime: false,
     placement: AxisPlacement.Left,
+    formatValue: (v, decimals) => formattedValueToString(dispY!(v, countField.config.decimals ?? decimals)),
     //splits: config.xSplits,
     //values: config.xValues,
     //grid: false,