diff --git a/prometheus_client/openmetrics/parser.py b/prometheus_client/openmetrics/parser.py
index 0c5c9c41..adb3a388 100644
--- a/prometheus_client/openmetrics/parser.py
+++ b/prometheus_client/openmetrics/parser.py
@@ -154,10 +154,9 @@ def _parse_remaining_text(text):
     state = 'timestamp'
     text = split_text[1]
 
-    it = iter(text)
     in_quotes = False
-    for char in it:
-        if char == '"':
+    for i, char in enumerate(text):
+        if char == '"' and not _is_character_escaped(text, i):
             in_quotes = not in_quotes
         if in_quotes:
             continue
diff --git a/tests/openmetrics/test_parser.py b/tests/openmetrics/test_parser.py
index 79a2158c..684d9a82 100644
--- a/tests/openmetrics/test_parser.py
+++ b/tests/openmetrics/test_parser.py
@@ -570,6 +570,17 @@ def test_label_escaping(self):
             metric_family.add_metric([unescaped_val, "baz"], 1)
             self.assertEqual([metric_family], list(families))
 
+    def test_exemplar_label_escaping(self):
+        for escaped_val, unescaped_val in [('\\"', '"'), ('\\\\', '\\'), ('\\\\\\"', '\\"')]:
+            families = list(text_string_to_metric_families("""# TYPE a counter
+# HELP a help
+a_total 1 # {foo="%s"} 1
+# EOF
+""" % escaped_val))
+            metric_family = CounterMetricFamily("a", "help")
+            metric_family.add_sample("a_total", {}, 1.0, None, Exemplar({"foo": unescaped_val}, 1))
+            self.assertEqual([metric_family], list(families))
+
     def test_help_escaping(self):
         for escaped_val, unescaped_val in [
                 ('foo', 'foo'),