diff --git a/block.c b/block.c
index dc02736d7e..1ab6e525c2 100644
--- a/block.c
+++ b/block.c
@@ -4114,7 +4114,7 @@ void block_job_complete(BlockJob *job, int ret)
     bdrv_set_in_use(bs, 0);
 }
 
-void block_job_set_speed(BlockJob *job, int64_t value, Error **errp)
+void block_job_set_speed(BlockJob *job, int64_t speed, Error **errp)
 {
     Error *local_err = NULL;
 
@@ -4122,13 +4122,13 @@ void block_job_set_speed(BlockJob *job, int64_t value, Error **errp)
         error_set(errp, QERR_NOT_SUPPORTED);
         return;
     }
-    job->job_type->set_speed(job, value, &local_err);
+    job->job_type->set_speed(job, speed, &local_err);
     if (error_is_set(&local_err)) {
         error_propagate(errp, local_err);
         return;
     }
 
-    job->speed = value;
+    job->speed = speed;
 }
 
 void block_job_cancel(BlockJob *job)
diff --git a/block/stream.c b/block/stream.c
index 06bc70a9b4..b66242a7b8 100644
--- a/block/stream.c
+++ b/block/stream.c
@@ -263,15 +263,15 @@ retry:
     block_job_complete(&s->common, ret);
 }
 
-static void stream_set_speed(BlockJob *job, int64_t value, Error **errp)
+static void stream_set_speed(BlockJob *job, int64_t speed, Error **errp)
 {
     StreamBlockJob *s = container_of(job, StreamBlockJob, common);
 
-    if (value < 0) {
-        error_set(errp, QERR_INVALID_PARAMETER, "value");
+    if (speed < 0) {
+        error_set(errp, QERR_INVALID_PARAMETER, "speed");
         return;
     }
-    ratelimit_set_speed(&s->limit, value / BDRV_SECTOR_SIZE);
+    ratelimit_set_speed(&s->limit, speed / BDRV_SECTOR_SIZE);
 }
 
 static BlockJobType stream_job_type = {
diff --git a/block_int.h b/block_int.h
index e042676be3..624b2e634c 100644
--- a/block_int.h
+++ b/block_int.h
@@ -79,7 +79,7 @@ typedef struct BlockJobType {
     const char *job_type;
 
     /** Optional callback for job types that support setting a speed limit */
-    void (*set_speed)(BlockJob *job, int64_t value, Error **errp);
+    void (*set_speed)(BlockJob *job, int64_t speed, Error **errp);
 } BlockJobType;
 
 /**
@@ -380,7 +380,7 @@ void block_job_complete(BlockJob *job, int ret);
  * Set a rate-limiting parameter for the job; the actual meaning may
  * vary depending on the job type.
  */
-void block_job_set_speed(BlockJob *job, int64_t value, Error **errp);
+void block_job_set_speed(BlockJob *job, int64_t speed, Error **errp);
 
 /**
  * block_job_cancel:
diff --git a/blockdev.c b/blockdev.c
index 70733308c9..80b62c3b29 100644
--- a/blockdev.c
+++ b/blockdev.c
@@ -1136,7 +1136,7 @@ static BlockJob *find_block_job(const char *device)
     return bs->job;
 }
 
-void qmp_block_job_set_speed(const char *device, int64_t value, Error **errp)
+void qmp_block_job_set_speed(const char *device, int64_t speed, Error **errp)
 {
     BlockJob *job = find_block_job(device);
 
@@ -1145,7 +1145,7 @@ void qmp_block_job_set_speed(const char *device, int64_t value, Error **errp)
         return;
     }
 
-    block_job_set_speed(job, value, errp);
+    block_job_set_speed(job, speed, errp);
 }
 
 void qmp_block_job_cancel(const char *device, Error **errp)
diff --git a/hmp-commands.hx b/hmp-commands.hx
index 461fa597d4..8a929f0967 100644
--- a/hmp-commands.hx
+++ b/hmp-commands.hx
@@ -85,8 +85,8 @@ ETEXI
 
     {
         .name       = "block_job_set_speed",
-        .args_type  = "device:B,value:o",
-        .params     = "device value",
+        .args_type  = "device:B,speed:o",
+        .params     = "device speed",
         .help       = "set maximum speed for a background block operation",
         .mhandler.cmd = hmp_block_job_set_speed,
     },
diff --git a/qapi-schema.json b/qapi-schema.json
index 49f1e16bd7..d56fcb639b 100644
--- a/qapi-schema.json
+++ b/qapi-schema.json
@@ -1592,7 +1592,7 @@
 #
 # @device: the device name
 #
-# @value:  the maximum speed, in bytes per second
+# @speed:  the maximum speed, in bytes per second
 #
 # Returns: Nothing on success
 #          If the job type does not support throttling, NotSupported
@@ -1602,7 +1602,7 @@
 # Since: 1.1
 ##
 { 'command': 'block-job-set-speed',
-  'data': { 'device': 'str', 'value': 'int' } }
+  'data': { 'device': 'str', 'speed': 'int' } }
 
 ##
 # @block-job-cancel:
diff --git a/qmp-commands.hx b/qmp-commands.hx
index f97233223d..b07ed59ccc 100644
--- a/qmp-commands.hx
+++ b/qmp-commands.hx
@@ -694,7 +694,7 @@ EQMP
 
     {
         .name       = "block-job-set-speed",
-        .args_type  = "device:B,value:o",
+        .args_type  = "device:B,speed:o",
         .mhandler.cmd_new = qmp_marshal_input_block_job_set_speed,
     },