A process and system for profiling code executing on a data processing system is provided. Event-based trace data is recorded in response to selected events, and the event-based trace data includes an indication of which code is being interrupted. The trace data may be processed to identify a thread or method that was executing during the event. A periodically occurring event is also detected, and a stack associated with the profiled code is identified in response to detection of the periodically occurring event, such as a timer interrupt. The stack is examined to identify each routine that is currently executing during the periodically occurring event.