diff --git a/src/pydata_sphinx_theme/assets/styles/content/_figures.scss b/src/pydata_sphinx_theme/assets/styles/content/_figures.scss
index 8b950d9b0..05a3fbe00 100644
--- a/src/pydata_sphinx_theme/assets/styles/content/_figures.scss
+++ b/src/pydata_sphinx_theme/assets/styles/content/_figures.scss
@@ -15,6 +15,12 @@ figure {
     color: var(--pst-color-text-muted);
     margin-left: auto;
     margin-right: auto;
+    margin-top: 0.3rem;
+
+    & > p:last-child {
+      // Don't add extra margin to already existing figure bottom margin
+      margin-bottom: 0;
+    }
 
     table.table {
       width: fit-content;