diff --git a/accounts/tests/test_api_tokens.py b/accounts/tests/test_api_tokens.py
index 0993f382..8104ae24 100644
--- a/accounts/tests/test_api_tokens.py
+++ b/accounts/tests/test_api_tokens.py
@@ -12,6 +12,7 @@ from django.test import TestCase
 from django.urls import reverse
 from django.utils import timezone
 from logs.models import Logs
+from lxml import html
 
 
 class ApiTokenTests(TestCase):
@@ -176,3 +177,18 @@ class AdminApiTokenTests(TestCase):
         self.client.force_login(self.admin)
         self.assertEqual(self.client.post(self.delete_url(other)).status_code, 404)
         self.assertTrue(ApiToken.objects.exists())
+
+    def test_the_user_list_counts_each_users_live_tokens(self):
+        self.client.force_login(self.user)
+        self.client.post(reverse("accounts:api_token_create"), {"name": "old", "days": "30"})
+        ApiToken.objects.filter(name="old").update(expiry=timezone.now() - timedelta(days=1))
+        self.client.force_login(self.admin)
+        page = html.fromstring(self.client.get(reverse("admin:user_list")).content)
+        headers = [th.text_content().strip() for th in page.xpath("//thead//th")]
+        column = headers.index("API tokens")
+        cells = {row.xpath("td")[0].text_content().strip(): row.xpath("td")[column] for row in page.xpath("//tbody/tr")}
+        # the expired one is not counted; the count opens the user's tokens
+        self.assertEqual(cells["tok-user"].text_content().strip(), "1")
+        self.assertEqual(cells["tok-user"].xpath(".//a/@href"),
+                         [reverse("accounts:account", args=[self.user.id]) + "#apitokens"])
+        self.assertEqual(cells["tok-admin"].text_content().strip(), "")
diff --git a/admin/templates/admin/user_list.html b/admin/templates/admin/user_list.html
index 3972d0ab..108a968f 100644
--- a/admin/templates/admin/user_list.html
+++ b/admin/templates/admin/user_list.html
@@ -35,6 +35,7 @@
                             <th span="col">{% trans "Staff" %}</th>
                             <th span="col">{% trans "Superuser" %}</th>
                             <th span="col">{% trans "Can Clone" %}</th>
+                            <th span="col">{% trans "API tokens" %}</th>
                             <th span="col">{% trans "Actions" %}</th>
                         </tr>
                     </thead>
@@ -56,6 +57,7 @@
                             <td>{% if user.is_staff %}{% bs_icon 'check' %}{% endif %}</td>
                             <td>{% if user.is_superuser %}{% bs_icon 'check' %}{% endif %}</td>
                             <td>{% if can_clone %}{% bs_icon 'check' %}{% endif %}</td>
+                            <td>{% if user.api_tokens %}<a href="{% url 'accounts:account' user.id %}#apitokens">{{ user.api_tokens }}</a>{% endif %}</td>
                             <td>
                                 <div class="float-end btn-group">
                                     <a class="btn btn-success" title="{%trans "View Profile" %}" href="{% url 'accounts:account' user.id %}">{% bs_icon 'eye-fill' %}</a>
diff --git a/admin/views.py b/admin/views.py
index 6d4196e8..bf74928f 100644
--- a/admin/views.py
+++ b/admin/views.py
@@ -9,7 +9,9 @@ from django.contrib.auth.forms import AdminPasswordChangeForm
 from django.contrib.auth.models import Group, User
 from django.core.paginator import Paginator
 from django.db import transaction
+from django.db.models import Count, Q
 from django.shortcuts import get_object_or_404, redirect, render
+from django.utils import timezone
 from django.utils.http import url_has_allowed_host_and_scheme
 from django.utils.translation import gettext_lazy as _
 from django.views.decorators.http import require_POST
@@ -96,7 +98,9 @@ def group_delete(request, pk):
 
 @superuser_only
 def user_list(request):
-    users = User.objects.all()
+    # API tokens that still work: an expired one is deleted only at the user's next create
+    live = Q(auth_token_set__expiry__isnull=True) | Q(auth_token_set__expiry__gt=timezone.now())
+    users = User.objects.annotate(api_tokens=Count("auth_token_set", filter=live))
     return render(
         request,
         "admin/user_list.html",