If you’re a chocolate-peanut butter fan, then you have to try this easy malted chocolate cake with peanut butter frosting! This moist, one-bowl cake is made from scratch but it’s honestly just as simple as whipping up boxed mix. Then, it’s topped with fluffy, whipped peanut butter frosting and flaky salt for a pop of flavor. Serve this for a birthday, a party, or as a casual, after-work snack!

A sliced malted chocolate cake with peanut butter frosting on a white plate next to a white bowl of cocoa, a wood bowl of salt, and a green linen with a white background.

Some days, I wake up on time, hit the gym, and drink a liter of water before it’s even 7am. Other days, I wake up and need cake for breakfast. This little snack cake is the exact recipe I pull out on the cake mornings. It has the richness of black velvet cake with the nostalgia of yellow cupcakes with chocolate frosting.

The homemade chocolate cake is one I have been making 5ever. It’s my go-to because it’s ridiculously easy and one-bowl. The PB frosting is one I learned how to make when I was a teenager in pastry school about 12 years ago, and I’ve held on to it ever since. But in this recipe, we’re adding malted milk powder to both the cake and frosting for some milk shake vibes! Let’s make it.

A love letter to peanut butter + chocolate

I know we all love a gorgeous layered cake, but that’s not what we’re doing today. Sometimes, you just need a simple gal and that’s what we have in this cake.

  • This recipe is easy & one-bowl. Less dishes, bless it.
  • It’s also quick to make. Nothing fussy and tastes way better than boxed chocolate cake.
  • It’s the perfect chocolate cake combo. What’s not to love about PB and chocolate?
  • And she’s a snack…cake, that is. We all love a snack cake situation and this one is the best!

Malted milk powder

A grey bowl of flour and cocoa powder next to white bowls of sugar, nut butter, milk, milk powder, a green linen, and other baking ingredients on a white speckled background.

The key ingredient for this recipe is malted milk powder. It’s also what gives Whoppers or milkshakes their classic flavor. Which makes it perfect for chocolate cake! You can find it in the baking aisle or powdered milk aisle of most grocery stores or online. Also, you don’t need malted milk powder to make this cake – more on this later.

You’ll also need some basic baking ingredients. Grab some sugar, buttermilk, neutral oil (canola, avocado, etc.), eggs, vanilla extract, all-purpose flour, cocoa powder, baking soda, and Morton’s Kosher salt. For the frosting, get unsalted butter, peanut butter, powdered sugar, and flaky salt.

Bake it up

This is the best recipe for chocolate cake with PB buttercream. Let’s talk about how to make this homemade cake in 3 simple steps. (P.S. find the step-by-step video in the recipe card!)

One bowl chocolate cake

Steps to making one bowl chocolate cake batter. In step one, hands are mixing wet ingredients in a white bowl. In step 2, hands are whisking flour and cocoa in the white bowl. In step 3, the woman is pouring the batter in a cake pan on a white counter.
Whisk the sugar, buttermilk, oil, eggs, & vanilla. Add flour, malted milk, cocoa, baking soda, & salt. Pour the batter into a 9-inch round pan & bake.
  1. First, whisk together the sugar, buttermilk, oil, eggs, and vanilla extract until smooth.
  2. Then, add the flour, malted milk powder, cocoa powder, baking soda, and Kosher salt. Whisk just until the batter comes together.
  3. Pour the chocolate batter into a prepared 9” springform pan. Bake at 350°F for 30-40 minutes.
  4. Once the cake is done, remove it from the pan. Then, let the cake cool completely on a wire rack.

Don’t over-mix the batter! Otherwise, the cake will come out tough and dry.

Peanut butter frosting

Steps to making frosting. In the first photo, butter and peanut butter are being mixed in a white bowl next to a green linen on a white counter. In photo two, hands are pouring malt powder into the bowl. In step 3, a mixer is mixing the frosting together.
Beat the butter & peanut butter. Add powdered sugar, malted milk powder, vanilla, milk, & salt.
  1. While the cake cools, make the frosting. First, beat the butter and peanut butter until it’s smooth.
  2. Next, add the powdered sugar and malted milk powder. Mix until you have a thick buttercream.
  3. Then, add vanilla extract, milk, and a pinch of salt. Whip the frosting until it’s light and fluffy.

Frost & decorate

Steps to assembling a cake. In photo one, a woman is frosting a cake on a white plate with a white background. In photo two, the woman is sprinkling flaky salt on the cake.
Top the cooled cake with the PB frosting & sprinkle with flaky salt.
  1. Once the cake is cool, it’s time to frost and decorate! Dollop the frosting on top of the cake and use an offset spatula or butter knife to frost the cake.
  2. Lastly, sprinkle some flaky salt over the top. Slice and enjoy!

Use an offset spatula to get those gorgeous swirls. If you don’t have one, a rubber spatula or butter knife will also work!

9-inch pan

For this recipe, you’ll want to use a 9-inch springform pan. The pan needs tall edges so that the cake doesn’t overflow. You can also use an 8×8 square pan, which is the same volume as a 9” round cake pan.

Decoration ideas

If flaky salt isn’t your thing, all good. You can decorate the cake with all kinds of fun stuff!

  • Reese’s (or your PB cups of choice) on top – chop them or keep them whole.
  • Pipe swirls of frosting on the edges of the cake with a piping bag & tip.
  • Add some fun sprinkles on top!
A sliced malted chocolate cake with peanut butter frosting on a white plate next to an emerald green linen, a white bowl of cocoa, and a wood bowl of salt on a white table.

Cake baking tips

  • Use room temperature ingredients so everything mixes thoroughly. Bring the eggs, butter, and buttermilk to room temp for 30-60 minutes.
  • Properly measure the flour to prevent a dry cake. First, fluff it with a whisk and then spoon the fluffed flour into a measuring cup. Level it off without packing the flour in.
  • Sift the dry ingredients if you notice any lumps in the flour or cocoa powder. This will make for a more even batter.
  • Bake the cake just until an inserted toothpick has a few crumbs. This will make for a super moist, fluffy cake!

How to store & make-ahead

Place any leftover cake on a plate and cover it with a cake dome. Or, place individual slices of cake in an airtight container. Store at room temperature for up to 4 days. Since this is an oil-based cake, I find that it stays moist for much longer than butter-based cakes!

If you want to make this cake in advance, I would recommend baking and frosting the cake the night before you want to serve it. Even though it will last up to 4 days, it’ll still taste best fresh!

A slice of one bowl chocolate cake with peanut butter frosting on a white plate next to a whole cake, glasses of milk, and green napkin with a white background.

If you make this recipe, I would love it if you left a star rating and review! I read every single comment and love hearing what you think about my recipes. Thank you for supporting Sunday Table!


A slice of chocolate cake with peanut butter icing on a white plate next to a green linen with a white background.
5 from 1 vote

Malted Chocolate Cake with Peanut Butter Frosting

Yield: 8 slices
Prep Time: 20 minutes
Cook Time: 40 minutes
Total Time: 1 hour
This cake is for you chocolate-peanut butter fans! With moist, one-bowl, malted chocolate cake and fluffy peanut butter frosting, this is the perfect dessert for birthdays, parties, or as a casual, after-work snack. It's the absolute best!

Ingredients

Malted Chocolate Cake

  • 1 1/4 cups sugar
  • 1 cup buttermilk
  • 2/3 cup neutral oil (canola or vegetable)
  • 2 large eggs, room temperature
  • 1 1/2 teaspoons vanilla extract
  • 1 1/4 cups all-purpose flour
  • 1/4 cup malted milk powder
  • 1/2 cup cocoa powder
  • 1 1/4 teaspoons baking soda
  • 1/2 teaspoon Kosher salt

Peanut Butter Frosting

  • 1/2 cup unsalted butter, softened
  • 1/2 cup creamy peanut butter
  • 1 cup powdered sugar
  • 1/2 cup malted milk powder
  • 1 teaspoon vanilla extract
  • 1 Tablespoon whole milk (plus more, as needed)
  • Pinch of Kosher salt
  • Flaky salt, for serving

Equipment

  • 9'' springform pan (or 8×8 square pan)
  • Parchment paper

Instructions 

Malted Chocolate Cake

  • Preheat the oven to 350°F. Grease a 9'' springform pan with baking spray or neutral oil and line with parchment paper.
  • In a large bowl, combine the sugar, buttermilk, vegetable oil, eggs, and vanilla extract. Whisk until smooth.
  • Add the flour, malted milk powder, cocoa powder, baking soda, and Kosher salt. Whisk just until the batter is combined (don't over-mix!).
  • Pour the batter into the prepared springform pan. Bake for 30-35 minutes until an inserted toothpick has a few moist crumbs on it. Let the cake cool in the pan for about 10 minutes. Then, use a butter knife to loosen the edges of the cake from the pan. Flip onto a wire rack and cook completely.

Peanut Butter Frosting

  • In a large bowl, beat the butter and peanut butter together until the mixture is smooth.
  • Add the powdered sugar and malted milk powder. Mix until the frosting is thick. Then, add the vanilla extract, milk, and a pinch of salt. Beat the mixture until it's very fluffy and whipped, 3-4 minutes. Add more milk to thin the buttercream, if necessary.

Assemble + Decorate

  • Once the cake is cooled, you're ready to assemble! If the cake has a dome, slice it off to level the cake (totally optional, this is only for aesthetics).
  • Dollop the frosting on top of the cake and use an offset spatula or butter knife to frost the top of the cake. Use the tip of the offset spatula to create swirls.
  • Finish the cake with a sprinkle of flaky salt. Or, decorate as desired. Slice and enjoy!

Notes

To make homemade buttermilk, measure out 1 cup of whole milk. Remove 1 Tablespoon of milk and then add 1 Tablespoon of white vinegar. Whisk and let it sit for 5-10 minutes until it’s thickened and slightly curdled.
Properly measure the flour to prevent a dry cake. First, fluff it with a whisk and then spoon the fluffed flour into a measuring cup. Level it off without packing the flour in.
Sift the dry ingredients if you notice any lumps in the flour or cocoa powder. This will make for a more even batter.
If you don’t have malted milk powder (or can’t find it), no worries! You can replace the malted milk powder with extra all-purpose flour in the cake and powdered sugar in the frosting.
This cake will make 8 large servings. You can also slice it into 16 smaller servings.
Cuisine: American
Course: Dessert
Serving: 1slice, Calories: 670kcal, Carbohydrates: 71.6g, Protein: 10.6g, Fat: 41g, Saturated Fat: 11.9g, Cholesterol: 76mg, Sodium: 570mg, Potassium: 375mg, Fiber: 3.1g, Sugar: 51.8g, Calcium: 86mg, Iron: 3mg
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