diff --git a/examples/rich-text-labels.html b/examples/rich-text-labels.html
new file mode 100644
index 0000000000..546ec3aff0
--- /dev/null
+++ b/examples/rich-text-labels.html
@@ -0,0 +1,9 @@
+---
+layout: example.html
+title: Rich Text Labels
+shortdesc: Rich text labels.
+docs: >
+  The labels in this map use different fonts to create clear context - an alphabetic sort key prefixing the state name in bold, and the population density in an extra line with a smaller font and italic.
+tags: "vector, rich-text, labels"
+---
+<div id="map" class="map"></div>
diff --git a/examples/rich-text-labels.js b/examples/rich-text-labels.js
new file mode 100644
index 0000000000..f74c883a2f
--- /dev/null
+++ b/examples/rich-text-labels.js
@@ -0,0 +1,64 @@
+import GeoJSON from '../src/ol/format/GeoJSON.js';
+import Map from '../src/ol/Map.js';
+import VectorLayer from '../src/ol/layer/Vector.js';
+import VectorSource from '../src/ol/source/Vector.js';
+import View from '../src/ol/View.js';
+import {Fill, Stroke, Style, Text} from '../src/ol/style.js';
+
+const map = new Map({
+  target: 'map',
+  view: new View({
+    center: [0, 0],
+    zoom: 2,
+    extent: [-13882269, 2890586, -7456136, 6340207],
+    showFullExtent: true,
+  }),
+});
+
+const labelStyle = new Style({
+  text: new Text({
+    font: '13px Calibri,sans-serif',
+    fill: new Fill({
+      color: '#000',
+    }),
+    stroke: new Stroke({
+      color: '#fff',
+      width: 4,
+    }),
+  }),
+});
+const countryStyle = new Style({
+  fill: new Fill({
+    color: 'rgba(255, 255, 255, 0.6)',
+  }),
+  stroke: new Stroke({
+    color: '#319FD3',
+    width: 1,
+  }),
+});
+const style = [countryStyle, labelStyle];
+
+const vectorLayer = new VectorLayer({
+  background: 'white',
+  source: new VectorSource({
+    url: 'https://openlayers.org/data/vector/us-states.json',
+    format: new GeoJSON(),
+  }),
+  style: function (feature) {
+    labelStyle
+      .getText()
+      .setText([
+        feature.getId(),
+        'bold 13px Calibri,sans-serif',
+        ` ${feature.get('name')}`,
+        '',
+        '\n',
+        '',
+        `${feature.get('density')} people/mi²`,
+        'italic 11px Calibri,sans-serif',
+      ]);
+    return style;
+  },
+});
+
+map.addLayer(vectorLayer);
diff --git a/examples/vector-label-decluttering.html b/examples/vector-label-decluttering.html
index c453b3a2d2..e756ee797f 100644
--- a/examples/vector-label-decluttering.html
+++ b/examples/vector-label-decluttering.html
@@ -2,8 +2,6 @@
 layout: example.html
 title: Vector Label Decluttering
 shortdesc: Label decluttering on polygons.
-resources:
-  - https://cdn.polyfill.io/v2/polyfill.min.js?features=Set"
 docs: >
   Decluttering is used to avoid overlapping labels. The `overflow: true` setting on the text style makes it so labels that do not fit within the bounds of a polygon are also considered for decluttering.
 tags: "vector, decluttering, labels"
diff --git a/src/ol/render/canvas.js b/src/ol/render/canvas.js
index 6202e5f92d..6ec5947a58 100644
--- a/src/ol/render/canvas.js
+++ b/src/ol/render/canvas.js
@@ -367,21 +367,36 @@ export function measureAndCacheTextWidth(font, text, cache) {
 }
 
 /**
- * @param {string} font Font to use for measuring.
- * @param {Array<string>} lines Lines to measure.
- * @param {Array<number>} widths Array will be populated with the widths of
- * each line.
- * @return {number} Width of the whole text.
+ * @param {TextState} baseStyle Base style.
+ * @param {Array<string>} chunks Text chunks to measure.
+ * @return {{width: number, height: number, widths: Array<number>, heights: Array<number>, lineWidths: Array<number>}}} Text metrics.
  */
-export function measureTextWidths(font, lines, widths) {
-  const numLines = lines.length;
+export function getTextDimensions(baseStyle, chunks) {
+  const widths = [];
+  const heights = [];
+  const lineWidths = [];
   let width = 0;
-  for (let i = 0; i < numLines; ++i) {
-    const currentWidth = measureTextWidth(font, lines[i]);
-    width = Math.max(width, currentWidth);
+  let lineWidth = 0;
+  let height = 0;
+  let lineHeight = 0;
+  for (let i = 0, ii = chunks.length; i <= ii; i += 2) {
+    const text = chunks[i];
+    if (text === '\n' || i === ii) {
+      width = Math.max(width, lineWidth);
+      lineWidths.push(lineWidth);
+      lineWidth = 0;
+      height += lineHeight;
+      continue;
+    }
+    const font = chunks[i + 1] || baseStyle.font;
+    const currentWidth = measureTextWidth(font, text);
     widths.push(currentWidth);
+    lineWidth += currentWidth;
+    const currentHeight = measureTextHeight(font);
+    heights.push(currentHeight);
+    lineHeight = Math.max(lineHeight, currentHeight);
   }
-  return width;
+  return {width, height, widths, heights, lineWidths};
 }
 
 /**
diff --git a/src/ol/render/canvas/Executor.js b/src/ol/render/canvas/Executor.js
index 144eeeeb69..1a888b0d15 100644
--- a/src/ol/render/canvas/Executor.js
+++ b/src/ol/render/canvas/Executor.js
@@ -16,9 +16,8 @@ import {
   defaultTextAlign,
   defaultTextBaseline,
   drawImageOrLabel,
+  getTextDimensions,
   measureAndCacheTextWidth,
-  measureTextHeight,
-  measureTextWidths,
 } from '../canvas.js';
 import {drawTextOnPath} from '../../geom/flat/textpath.js';
 import {equals} from '../../array.js';
@@ -102,6 +101,20 @@ function horizontalTextAlign(text, align) {
   return TEXT_ALIGN[align];
 }
 
+/**
+ * @param {Array<string>} acc Accumulator.
+ * @param {string} line Line of text.
+ * @param {number} i Index
+ * @return {Array<string>} Accumulator.
+ */
+function createTextChunks(acc, line, i) {
+  if (i > 0) {
+    acc.push('\n', '');
+  }
+  acc.push(line, '');
+  return acc;
+}
+
 class Executor {
   /**
    * @param {number} resolution Resolution.
@@ -206,7 +219,7 @@ class Executor {
   }
 
   /**
-   * @param {string} text Text.
+   * @param {string|Array<string>} text Text.
    * @param {string} textKey Text style key.
    * @param {string} fillKey Fill style key.
    * @param {string} strokeKey Stroke style key.
@@ -225,19 +238,22 @@ class Executor {
       textState.scale[0] * pixelRatio,
       textState.scale[1] * pixelRatio,
     ];
+    const textIsArray = Array.isArray(text);
     const align = horizontalTextAlign(
-      text,
+      textIsArray ? text[0] : text,
       textState.textAlign || defaultTextAlign
     );
     const strokeWidth =
       strokeKey && strokeState.lineWidth ? strokeState.lineWidth : 0;
 
-    const lines = text.split('\n');
-    const numLines = lines.length;
-    const widths = [];
-    const width = measureTextWidths(textState.font, lines, widths);
-    const lineHeight = measureTextHeight(textState.font);
-    const height = lineHeight * numLines;
+    const chunks = textIsArray
+      ? text
+      : text.split('\n').reduce(createTextChunks, []);
+
+    const {width, height, widths, heights, lineWidths} = getTextDimensions(
+      textState,
+      chunks
+    );
     const renderWidth = width + strokeWidth;
     const contextInstructions = [];
     // make canvas 2 pixels wider to account for italic text width measurement errors
@@ -252,7 +268,6 @@ class Executor {
     if (scale[0] != 1 || scale[1] != 1) {
       contextInstructions.push('scale', scale);
     }
-    contextInstructions.push('font', textState.font);
     if (strokeKey) {
       contextInstructions.push('strokeStyle', strokeState.strokeStyle);
       contextInstructions.push('lineWidth', strokeWidth);
@@ -272,26 +287,52 @@ class Executor {
     contextInstructions.push('textBaseline', 'middle');
     contextInstructions.push('textAlign', 'center');
     const leftRight = 0.5 - align;
-    const x = align * renderWidth + leftRight * strokeWidth;
-    let i;
-    if (strokeKey) {
-      for (i = 0; i < numLines; ++i) {
-        contextInstructions.push('strokeText', [
-          lines[i],
-          x + leftRight * widths[i],
-          0.5 * (strokeWidth + lineHeight) + i * lineHeight,
-        ]);
+    let x = align * renderWidth + leftRight * strokeWidth;
+    const strokeInstructions = [];
+    const fillInstructions = [];
+    let lineHeight = 0;
+    let lineOffset = 0;
+    let widthHeightIndex = 0;
+    let lineWidthIndex = 0;
+    let previousFont;
+    for (let i = 0, ii = chunks.length; i < ii; i += 2) {
+      const text = chunks[i];
+      if (text === '\n') {
+        lineOffset += lineHeight;
+        lineHeight = 0;
+        x = align * renderWidth + leftRight * strokeWidth;
+        ++lineWidthIndex;
+        continue;
       }
-    }
-    if (fillKey) {
-      for (i = 0; i < numLines; ++i) {
-        contextInstructions.push('fillText', [
-          lines[i],
-          x + leftRight * widths[i],
-          0.5 * (strokeWidth + lineHeight) + i * lineHeight,
-        ]);
+      const font = chunks[i + 1] || textState.font;
+      if (font !== previousFont) {
+        if (strokeKey) {
+          strokeInstructions.push('font', font);
+        }
+        if (fillKey) {
+          fillInstructions.push('font', font);
+        }
+        previousFont = font;
       }
+      lineHeight = Math.max(lineHeight, heights[widthHeightIndex]);
+      const fillStrokeArgs = [
+        text,
+        x +
+          leftRight * widths[widthHeightIndex] +
+          align * (widths[widthHeightIndex] - lineWidths[lineWidthIndex]),
+        0.5 * (strokeWidth + lineHeight) + lineOffset,
+      ];
+      x += widths[widthHeightIndex];
+      if (strokeKey) {
+        strokeInstructions.push('strokeText', fillStrokeArgs);
+      }
+      if (fillKey) {
+        fillInstructions.push('fillText', fillStrokeArgs);
+      }
+      ++widthHeightIndex;
     }
+    Array.prototype.push.apply(contextInstructions, strokeInstructions);
+    Array.prototype.push.apply(contextInstructions, fillInstructions);
     this.labels_[key] = label;
     return label;
   }
@@ -550,7 +591,7 @@ class Executor {
 
   /**
    * @private
-   * @param {string} text The text to draw.
+   * @param {string|Array<string>} text The text to draw.
    * @param {string} textKey The key of the text state.
    * @param {string} strokeKey The key for the stroke state.
    * @param {string} fillKey The key for the fill state.
@@ -564,7 +605,7 @@ class Executor {
     const strokeState = this.strokeStates[strokeKey];
     const pixelRatio = this.pixelRatio;
     const align = horizontalTextAlign(
-      text,
+      Array.isArray(text) ? text[0] : text,
       textState.textAlign || defaultTextAlign
     );
     const baseline = TEXT_ALIGN[textState.textBaseline || defaultTextBaseline];
diff --git a/src/ol/render/canvas/Immediate.js b/src/ol/render/canvas/Immediate.js
index de0aba4e5f..ab7a55397a 100644
--- a/src/ol/render/canvas/Immediate.js
+++ b/src/ol/render/canvas/Immediate.js
@@ -1146,7 +1146,12 @@ class CanvasImmediateRenderer extends VectorContext {
             ? textTextBaseline
             : defaultTextBaseline,
       };
-      this.text_ = textText !== undefined ? textText : '';
+      this.text_ =
+        textText !== undefined
+          ? Array.isArray(textText)
+            ? textText.reduce((acc, t, i) => (acc += i % 2 ? ' ' : t), '')
+            : textText
+          : '';
       this.textOffsetX_ =
         textOffsetX !== undefined ? this.pixelRatio_ * textOffsetX : 0;
       this.textOffsetY_ =
diff --git a/src/ol/render/canvas/TextBuilder.js b/src/ol/render/canvas/TextBuilder.js
index 849cd872d5..b7bb31708e 100644
--- a/src/ol/render/canvas/TextBuilder.js
+++ b/src/ol/render/canvas/TextBuilder.js
@@ -60,7 +60,7 @@ class CanvasTextBuilder extends CanvasBuilder {
 
     /**
      * @private
-     * @type {string}
+     * @type {string|Array<string>}
      */
     this.text_ = '';
 
diff --git a/src/ol/style/Text.js b/src/ol/style/Text.js
index 2c044ed8c0..c8fa321331 100644
--- a/src/ol/style/Text.js
+++ b/src/ol/style/Text.js
@@ -27,7 +27,11 @@ const DEFAULT_FILL_COLOR = '#333';
  * @property {number|import("../size.js").Size} [scale] Scale.
  * @property {boolean} [rotateWithView=false] Whether to rotate the text with the view.
  * @property {number} [rotation=0] Rotation in radians (positive rotation clockwise).
- * @property {string} [text] Text content.
+ * @property {string|Array<string>} [text] Text content or rich text content. For plain text provide a string, which can
+ * contain line breaks (`\n`). For rich text provide an array of text/font tuples. A tuple consists of the text to
+ * render and the font to use (or `''` to use the text style's font). A line break has to be a separate tuple (i.e. `'\n', ''`).
+ * **Example:** `['foo', 'bold 10px sans-serif', ' bar', 'italic 10px sans-serif', ' baz', '']` will yield "**foo** *bar* baz".
+ * **Note:** Rich text is not supported for the immediate rendering API.
  * @property {string} [textAlign] Text alignment. Possible values: 'left', 'right', 'center', 'end' or 'start'.
  * Default is 'center' for `placement: 'point'`. For `placement: 'line'`, the default is to let the renderer choose a
  * placement where `maxAngle` is not exceeded.
@@ -87,7 +91,7 @@ class Text {
 
     /**
      * @private
-     * @type {string|undefined}
+     * @type {string|Array<string>|undefined}
      */
     this.text_ = options.text;
 
@@ -314,7 +318,7 @@ class Text {
 
   /**
    * Get the text to be rendered.
-   * @return {string|undefined} Text.
+   * @return {string|Array<string>|undefined} Text.
    * @api
    */
   getText() {
diff --git a/test/rendering/cases/rich-text-style/expected.png b/test/rendering/cases/rich-text-style/expected.png
new file mode 100644
index 0000000000..c75627d500
Binary files /dev/null and b/test/rendering/cases/rich-text-style/expected.png differ
diff --git a/test/rendering/cases/rich-text-style/main.js b/test/rendering/cases/rich-text-style/main.js
new file mode 100644
index 0000000000..68e387d865
--- /dev/null
+++ b/test/rendering/cases/rich-text-style/main.js
@@ -0,0 +1,129 @@
+import CircleStyle from '../../../../src/ol/style/Circle.js';
+import Feature from '../../../../src/ol/Feature.js';
+import Fill from '../../../../src/ol/style/Fill.js';
+import Map from '../../../../src/ol/Map.js';
+import Point from '../../../../src/ol/geom/Point.js';
+import Stroke from '../../../../src/ol/style/Stroke.js';
+import Style from '../../../../src/ol/style/Style.js';
+import Text from '../../../../src/ol/style/Text.js';
+import VectorLayer from '../../../../src/ol/layer/Vector.js';
+import VectorSource from '../../../../src/ol/source/Vector.js';
+import View from '../../../../src/ol/View.js';
+
+const vectorSource = new VectorSource({
+  features: [
+    // inline right-bottom
+    new Feature({
+      geometry: new Point([-10, 50]),
+      text: [
+        'in',
+        '',
+        'line',
+        'italic 20px/1.5 Ubuntu',
+        '\n',
+        '',
+        'right-bottom',
+        '20px/1.2 Ubuntu',
+      ],
+      textAlign: 'right',
+      textBaseline: 'bottom',
+    }),
+    // multi-line - center-middle
+    new Feature({
+      geometry: new Point([0, 0]),
+      text: ['multi-line', '', '\n', '', 'center-middle', 'italic 20px Ubuntu'],
+      textAlign: 'center',
+      textBaseline: 'middle',
+    }),
+
+    // inline right-top
+    new Feature({
+      geometry: new Point([-10, -50]),
+      text: [
+        'in',
+        '',
+        'line',
+        'italic 20px/1.5 Ubuntu',
+        '\n',
+        '',
+        'right-top',
+        '28px/1 Ubuntu',
+      ],
+      textAlign: 'right',
+      textBaseline: 'top',
+    }),
+
+    // inline left-bottom
+    new Feature({
+      geometry: new Point([10, 50]),
+      text: [
+        'in',
+        '',
+        'line',
+        'italic 20px/1.5 Ubuntu',
+        '\n',
+        '',
+        'left-bottom',
+        '20px/1.2 Ubuntu',
+      ],
+      textAlign: 'left',
+      textBaseline: 'bottom',
+    }),
+
+    // inline left-top
+    new Feature({
+      geometry: new Point([10, -50]),
+      text: [
+        'in',
+        '',
+        'line',
+        'italic 20px/1.5 Ubuntu',
+        '\n',
+        '',
+        'left-top',
+        '28px/1 Ubuntu',
+      ],
+      textAlign: 'left',
+      textBaseline: 'top',
+    }),
+  ],
+});
+
+new Map({
+  pixelRatio: 1,
+  layers: [
+    new VectorLayer({
+      source: vectorSource,
+      style: function (feature) {
+        return new Style({
+          text: new Text({
+            text: feature.get('text'),
+            font: '24px Ubuntu',
+            textAlign: feature.get('textAlign'),
+            textBaseline: feature.get('textBaseline'),
+            fill: new Fill({
+              color: 'black',
+            }),
+            stroke: new Stroke({
+              color: 'white',
+            }),
+            backgroundStroke: new Stroke({width: 1}),
+          }),
+          image: new CircleStyle({
+            radius: 10,
+            fill: new Fill({
+              color: 'cyan',
+            }),
+          }),
+        });
+      },
+    }),
+  ],
+  target: 'map',
+  view: new View({
+    center: [0, 0],
+    resolution: 1,
+  }),
+});
+
+render({tolerance: 0.01});