The 20-year-old Perkins, chosen by the Bombers with the No. 9 pick of the 2020 National Draft, has impressed amongst a potent Essendon forward line.
Perkins told essendonfc.com.au that he was thrilled to extend his stay at Bomber-land for a further two years and praised the club's young list despite the team's current poor on-field form.
"I've loved my time at the Bombers so far and I'm so excited to remain at the club for another two years," Perkins said on Tuesday.
"We are disappointed at the moment with our on-field results, but I'm very confident that we have a core group of young players who have a lot of potential and will take this club forward."
So far in 2022, the Sandringham Dragons product has averaged 12.2 disposals, 3.2 marks, 2.6 tackles and 1.1 goals per game and has been a staple of Essendon's best 22.
Bombers list and recruiting boss Adrian Dodoro praised Perkins' drive to improve his craft and expressed his high hopes for the next stages of the youngster's career in red and black.
"Archie has come into the club and quickly shown his commitment to improving and growing his game to become the best player he can be," Dodoro said.
"He has huge potential and with his work ethic and maturity, he will be a key player for the Bombers for many years to come."