diff --git a/yaml.go b/yaml.go
index f9a9f83..e1b5fbd 100644
--- a/yaml.go
+++ b/yaml.go
@@ -324,3 +324,34 @@ func RegisterCustomUnmarshalerContext[T any](unmarshaler func(context.Context, *
 		return unmarshaler(ctx, v.(*T), b)
 	}
 }
+
+// RawMessage is a raw encoded YAML value. It implements [BytesMarshaler] and
+// [BytesUnmarshaler] and can be used to delay YAML decoding or precompute a YAML
+// encoding.
+// It also implements [json.Marshaler] and [json.Unmarshaler].
+//
+// This is similar to [json.RawMessage] in the stdlib.
+type RawMessage []byte
+
+func (m RawMessage) MarshalYAML() ([]byte, error) {
+	if m == nil {
+		return []byte("null"), nil
+	}
+	return m, nil
+}
+
+func (m *RawMessage) UnmarshalYAML(dt []byte) error {
+	if m == nil {
+		return errors.New("yaml.RawMessage: UnmarshalYAML on nil pointer")
+	}
+	*m = append((*m)[0:0], dt...)
+	return nil
+}
+
+func (m *RawMessage) UnmarshalJSON(b []byte) error {
+	return m.UnmarshalYAML(b)
+}
+
+func (m RawMessage) MarshalJSON() ([]byte, error) {
+	return YAMLToJSON(m)
+}
diff --git a/yaml_test.go b/yaml_test.go
index f9698e6..d5546b4 100644
--- a/yaml_test.go
+++ b/yaml_test.go
@@ -1,6 +1,7 @@
 package yaml_test
 
 import (
+	"encoding/json"
 	"fmt"
 	"io"
 	"reflect"
@@ -78,7 +79,7 @@ foo: bar # comment
 }
 
 func TestDecodeKeepAddress(t *testing.T) {
-	var data = `
+	data := `
 a: &a [_]
 b: &b [*a,*a]
 c: &c [*b,*b]
@@ -103,7 +104,7 @@ d: &d [*c,*c]
 }
 
 func TestSmartAnchor(t *testing.T) {
-	var data = `
+	data := `
 a: &a [_,_,_,_,_,_,_,_,_,_,_,_,_,_,_]
 b: &b [*a,*a,*a,*a,*a,*a,*a,*a,*a,*a]
 c: &c [*b,*b,*b,*b,*b,*b,*b,*b,*b,*b]
@@ -263,3 +264,248 @@ foo: 2
 		}
 	}
 }
+
+func checkRawValue[T any](t *testing.T, v yaml.RawMessage, expected T) {
+	t.Helper()
+
+	var actual T
+
+	if err := yaml.Unmarshal(v, &actual); err != nil {
+		t.Errorf("failed to unmarshal: %v", err)
+		return
+	}
+
+	if !reflect.DeepEqual(expected, actual) {
+		t.Errorf("expected %v, got %v", expected, actual)
+	}
+}
+
+func checkJSONRawValue[T any](t *testing.T, v json.RawMessage, expected T) {
+	t.Helper()
+
+	var actual T
+
+	if err := json.Unmarshal(v, &actual); err != nil {
+		t.Errorf("failed to unmarshal: %v", err)
+		return
+	}
+
+	if !reflect.DeepEqual(expected, actual) {
+		t.Errorf("expected %v, got %v", expected, actual)
+	}
+
+	checkRawValue(t, yaml.RawMessage(v), expected)
+}
+
+func TestRawMessage(t *testing.T) {
+	data := []byte(`
+a: 1
+b: "asdf"
+c:
+  foo: bar
+`)
+
+	var m map[string]yaml.RawMessage
+	if err := yaml.Unmarshal(data, &m); err != nil {
+		t.Fatal(err)
+	}
+
+	if len(m) != 3 {
+		t.Fatalf("failed to decode: %d", len(m))
+	}
+
+	checkRawValue(t, m["a"], 1)
+	checkRawValue(t, m["b"], "asdf")
+	checkRawValue(t, m["c"], map[string]string{"foo": "bar"})
+
+	dt, err := yaml.Marshal(m)
+	if err != nil {
+		t.Fatal(err)
+	}
+	var m2 map[string]yaml.RawMessage
+	if err := yaml.Unmarshal(dt, &m2); err != nil {
+		t.Fatal(err)
+	}
+
+	checkRawValue(t, m2["a"], 1)
+	checkRawValue(t, m2["b"], "asdf")
+	checkRawValue(t, m2["c"], map[string]string{"foo": "bar"})
+
+	dt, err = json.Marshal(m2)
+	if err != nil {
+		t.Fatal(err)
+	}
+
+	var m3 map[string]yaml.RawMessage
+	if err := yaml.Unmarshal(dt, &m3); err != nil {
+		t.Fatal(err)
+	}
+	checkRawValue(t, m3["a"], 1)
+	checkRawValue(t, m3["b"], "asdf")
+	checkRawValue(t, m3["c"], map[string]string{"foo": "bar"})
+
+	var m4 map[string]json.RawMessage
+	if err := json.Unmarshal(dt, &m4); err != nil {
+		t.Fatal(err)
+	}
+	checkJSONRawValue(t, m4["a"], 1)
+	checkJSONRawValue(t, m4["b"], "asdf")
+	checkJSONRawValue(t, m4["c"], map[string]string{"foo": "bar"})
+}
+
+type rawYAMLWrapper struct {
+	StaticField  string          `json:"staticField" yaml:"staticField"`
+	DynamicField yaml.RawMessage `json:"dynamicField" yaml:"dynamicField"`
+}
+
+type rawJSONWrapper struct {
+	StaticField  string          `json:"staticField" yaml:"staticField"`
+	DynamicField json.RawMessage `json:"dynamicField" yaml:"dynamicField"`
+}
+
+func (w rawJSONWrapper) Equals(o *rawJSONWrapper) bool {
+	if w.StaticField != o.StaticField {
+		return false
+	}
+	return reflect.DeepEqual(w.DynamicField, o.DynamicField)
+}
+
+type dynamicField struct {
+	A int               `json:"a" yaml:"a"`
+	B string            `json:"b" yaml:"b"`
+	C map[string]string `json:"c" yaml:"c"`
+}
+
+func (t dynamicField) Equals(o *dynamicField) bool {
+	if t.A != o.A {
+		return false
+	}
+	if t.B != o.B {
+		return false
+	}
+	if len(t.C) != len(o.C) {
+		return false
+	}
+	for k, v := range t.C {
+		ov, exists := o.C[k]
+		if !exists {
+			return false
+		}
+		if v != ov {
+			return false
+		}
+	}
+	return true
+}
+
+func TestRawMessageJSONCompatibility(t *testing.T) {
+	rawData := []byte(`staticField: value
+dynamicField:
+  a: 1
+  b: abcd
+  c:
+    foo: bar
+    something: else
+`)
+
+	expectedDynamicFieldValue := &dynamicField{
+		A: 1,
+		B: "abcd",
+		C: map[string]string{
+			"foo":       "bar",
+			"something": "else",
+		},
+	}
+
+	t.Run("UseJSONUnmarshaler and json.RawMessage", func(t *testing.T) {
+		var wrapper rawJSONWrapper
+		if err := yaml.UnmarshalWithOptions(rawData, &wrapper, yaml.UseJSONUnmarshaler()); err != nil {
+			t.Fatal(err)
+		}
+		if wrapper.StaticField != "value" {
+			t.Fatalf("unexpected wrapper static field value: %s", wrapper.StaticField)
+		}
+		var dynamicFieldValue dynamicField
+		if err := yaml.Unmarshal(wrapper.DynamicField, &dynamicFieldValue); err != nil {
+			t.Fatal(err)
+		}
+		if !dynamicFieldValue.Equals(expectedDynamicFieldValue) {
+			t.Fatalf("unexpected dynamic field value: %v", dynamicFieldValue)
+		}
+	})
+
+	t.Run("UseJSONUnmarshaler and yaml.RawMessage", func(t *testing.T) {
+		var wrapper rawYAMLWrapper
+		if err := yaml.UnmarshalWithOptions(rawData, &wrapper, yaml.UseJSONUnmarshaler()); err != nil {
+			t.Fatal(err)
+		}
+		if wrapper.StaticField != "value" {
+			t.Fatalf("unexpected wrapper static field value: %s", wrapper.StaticField)
+		}
+		var dynamicFieldValue dynamicField
+		if err := yaml.Unmarshal(wrapper.DynamicField, &dynamicFieldValue); err != nil {
+			t.Fatal(err)
+		}
+		if !dynamicFieldValue.Equals(expectedDynamicFieldValue) {
+			t.Fatalf("unexpected dynamic field value: %v", dynamicFieldValue)
+		}
+	})
+
+	t.Run("UseJSONMarshaler and json.RawMessage", func(t *testing.T) {
+		dynamicFieldBytes, err := yaml.Marshal(expectedDynamicFieldValue)
+		if err != nil {
+			t.Fatal(err)
+		}
+		wrapper := rawJSONWrapper{
+			StaticField:  "value",
+			DynamicField: json.RawMessage(dynamicFieldBytes),
+		}
+		wrapperBytes, err := yaml.MarshalWithOptions(&wrapper, yaml.UseJSONMarshaler())
+		if err != nil {
+			t.Fatal(err)
+		}
+		var unmarshaledWrapper rawJSONWrapper
+		if err := yaml.UnmarshalWithOptions(wrapperBytes, &unmarshaledWrapper, yaml.UseJSONUnmarshaler()); err != nil {
+			t.Fatal(err)
+		}
+		if unmarshaledWrapper.StaticField != wrapper.StaticField {
+			t.Fatalf("unexpected unmarshaled static field value: %s", unmarshaledWrapper.StaticField)
+		}
+		var unmarshaledDynamicFieldValue dynamicField
+		if err := yaml.UnmarshalWithOptions(unmarshaledWrapper.DynamicField, &unmarshaledDynamicFieldValue, yaml.UseJSONUnmarshaler()); err != nil {
+			t.Fatal(err)
+		}
+		if !unmarshaledDynamicFieldValue.Equals(expectedDynamicFieldValue) {
+			t.Fatalf("unexpected unmarshaled dynamic field value: %v", unmarshaledDynamicFieldValue)
+		}
+	})
+
+	t.Run("UseJSONMarshaler and yaml.RawMessage", func(t *testing.T) {
+		dynamicFieldBytes, err := yaml.Marshal(expectedDynamicFieldValue)
+		if err != nil {
+			t.Fatal(err)
+		}
+		wrapper := rawYAMLWrapper{
+			StaticField:  "value",
+			DynamicField: yaml.RawMessage(dynamicFieldBytes),
+		}
+		wrapperBytes, err := yaml.MarshalWithOptions(&wrapper, yaml.UseJSONMarshaler())
+		if err != nil {
+			t.Fatal(err)
+		}
+		var unmarshaledWrapper rawYAMLWrapper
+		if err := yaml.UnmarshalWithOptions(wrapperBytes, &unmarshaledWrapper, yaml.UseJSONUnmarshaler()); err != nil {
+			t.Fatal(err)
+		}
+		if unmarshaledWrapper.StaticField != wrapper.StaticField {
+			t.Fatalf("unexpected unmarshaled static field value: %s", unmarshaledWrapper.StaticField)
+		}
+		var unmarshaledDynamicFieldValue dynamicField
+		if err := yaml.UnmarshalWithOptions(unmarshaledWrapper.DynamicField, &unmarshaledDynamicFieldValue, yaml.UseJSONUnmarshaler()); err != nil {
+			t.Fatal(err)
+		}
+		if !unmarshaledDynamicFieldValue.Equals(expectedDynamicFieldValue) {
+			t.Fatalf("unexpected unmarshaled dynamic field value: %v", unmarshaledDynamicFieldValue)
+		}
+	})
+}