Techniques for incrementing counters in an efficient manner. In one set of embodiments, counter logic circuits are provided that can operate at higher frequencies than existing counter logic circuits, while being capable of being implemented in currently available field programmable gate arrays (FPGAs) or fabricated using currently available process technologies. The counter logic circuits of the present invention may be used to increment statistics counters in network devices that support line speeds of 40 Gbps, 100 Gbps, and greater.