diff --git a/CHANGELOG.md b/CHANGELOG.md
index 29b7332910d..cc485ac81de 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -64,7 +64,8 @@
 - [Added .floor, .ceil, .trunc to the in-memory `Decimal` column.][10887]
 - [Added vectorized .round to the in-memory `Decimal` column.][10912]
 - [`select_into_database_table` no longer defaults the primary key to the first
-  column][11120]
+  column.][11120]
+- [Added `format` parameter to `Decimal.parse`.][11205]
 
 [10614]: https://github.com/enso-org/enso/pull/10614
 [10660]: https://github.com/enso-org/enso/pull/10660
@@ -77,6 +78,7 @@
 [10887]: https://github.com/enso-org/enso/pull/10887
 [10912]: https://github.com/enso-org/enso/pull/10912
 [11120]: https://github.com/enso-org/enso/pull/11120
+[11205]: https://github.com/enso-org/enso/pull/11205
 
 #### Enso Language & Runtime
 
diff --git a/distribution/lib/Standard/Base/0.0.0-dev/src/Data/Decimal.enso b/distribution/lib/Standard/Base/0.0.0-dev/src/Data/Decimal.enso
index df6836484c1..234cdda42dd 100644
--- a/distribution/lib/Standard/Base/0.0.0-dev/src/Data/Decimal.enso
+++ b/distribution/lib/Standard/Base/0.0.0-dev/src/Data/Decimal.enso
@@ -1116,10 +1116,13 @@ type Decimal
        Arguments:
        - text: The text to parse into a `Decimal`.
        - locale: The locale that specifies the format to use when parsing.
+       - format: The Java-style format to use to parse the string.
 
        ! Error Conditions
 
          - If `text` is incorrectly formatted, a `Number_Parse_Error` is thrown.
+         - If `format` is incorrectly formatted (or does not match the `locale`,
+           an `Illegal_Argument` is thrown.
 
        > Example
          Parse a `Decimal` with no local specifier.
@@ -1144,11 +1147,21 @@ type Decimal
 
              Decimal.parse "123.456.789,87654" locale=Locale.italy
              # => 123456789.87654
-    parse : Text -> Locale | Nothing -> Decimal ! Number_Parse_Error
-    parse text locale:(Locale | Nothing)=Nothing -> Decimal ! Number_Parse_Error = case locale of
-        Nothing -> Decimal.from_text text
-        Locale.Value java_locale -> Panic.catch ParseException ((NumberFormat.getInstance java_locale).parse text) _->
-            Error.throw (Number_Parse_Error.Error text)
+
+       > Example
+         Parse a `Decimal` with an explicit negative number format.
+
+             Decimal.parse "(123,456,789.654)" format="###,###.##;(###,###.##)"
+             # => -123456789.654
+    parse : Text -> Locale | Nothing -> Decimal ! Number_Parse_Error ! Illegal_Argument
+    parse text locale:Locale=Locale.default format:Text="" -> Decimal ! Number_Parse_Error ! Illegal_Argument =
+        Illegal_Argument.handle_java_exception <|
+            # `getInstance` returns `DecimalFormat` or a subclass of `DecimalFormat`.
+            decimal_format = NumberFormat.getInstance locale.java_locale
+            decimal_format.applyLocalizedPattern format
+            decimal_format.setParseBigDecimal True
+            Panic.catch ParseException (Decimal.Value (decimal_format.parse text)) _->
+                Error.throw (Number_Parse_Error.Error text)
 
     ## PRIVATE
     precision : Integer
diff --git a/test/Base_Tests/src/Data/Decimal_Spec.enso b/test/Base_Tests/src/Data/Decimal_Spec.enso
index cba44907a4f..3465ce9cd85 100644
--- a/test/Base_Tests/src/Data/Decimal_Spec.enso
+++ b/test/Base_Tests/src/Data/Decimal_Spec.enso
@@ -798,14 +798,26 @@ add_specs suite_builder =
             d.format format="#,##.##" locale=Locale.italy . should_equal "1.23.45.67.89,88"
 
         group_builder.specify "should parse correctly" <|
-            Decimal.parse "123456789.87654" . should_equal 123456789.87654
-            Decimal.parse "123,456,789.87654" locale=Locale.default . should_equal 123456789.87654
-            Decimal.parse "123,456,789.87654" locale=Locale.us . should_equal 123456789.87654
-            Decimal.parse "123.456.789,87654" locale=Locale.italy . should_equal 123456789.87654
+            Decimal.parse "123,456,789.87654" . should_equal (dec "123456789.87654")
+            Decimal.parse "123.456.789,87654" locale=Locale.italy . should_equal (dec "123456789.87654")
+
+            Decimal.parse "123,456,789.88" format="#,###.##" . should_equal (dec "123456789.88")
+            Decimal.parse "123.456.789,88" format="#.###,##" locale=Locale.italy . should_equal (dec "123456789.88")
+            Decimal.parse "1,23,45,67,89.88" format="#,##.##" . should_equal (dec "123456789.88")
+            Decimal.parse "1.23.45.67.89,88" format="#.##,##" locale=Locale.italy . should_equal (dec "123456789.88")
+
+            Decimal.parse "123.456.789,88" format="#,###.##" locale=Locale.italy . should_fail_with Illegal_Argument
+            Decimal.parse "123,456,789.88" format="#.###,##" . should_fail_with Illegal_Argument
+
             Decimal.parse "123,456,789.87654" locale=Locale.italy . should_equal 123.456
             Decimal.parse "123.456.789,87654" locale=Locale.us . should_equal 123.456
 
-            Decimal.parse "123,456,789.87654" . should_fail_with Number_Parse_Error
+            Decimal.parse "123,456,789.654" format="###,###.##;-###,###.##" . should_equal 123456789.654
+            Decimal.parse "-123,456,789.654" format="###,###.##;-###,###.##" . should_equal -123456789.654
+            Decimal.parse "(123,456,789.654)" format="###,###.##;-###,###.##" . should_fail_with Number_Parse_Error
+            Decimal.parse "123,456,789.654" format="###,###.##;(###,###.##)" . should_equal 123456789.654
+            Decimal.parse "-123,456,789.654" format="###,###.##;(###,###.##)" . should_fail_with Number_Parse_Error
+            Decimal.parse "(123,456,789.654)" format="###,###.##;(###,###.##)" . should_equal -123456789.654
 
     suite_builder.group "(Decimal_Spec) signs" group_builder->
         group_builder.specify "should calculate abs correctly" <|