diff --git a/src/cheogram/java/com/cheogram/android/InlineImageSpan.java b/src/cheogram/java/com/cheogram/android/InlineImageSpan.java
index 9c3d6831d9613837b134d49c620dd4a6eb821d95..418119812b76e1817d70b8db5e31693bc95dfa65 100644
--- a/src/cheogram/java/com/cheogram/android/InlineImageSpan.java
+++ b/src/cheogram/java/com/cheogram/android/InlineImageSpan.java
@@ -46,7 +46,7 @@ public class InlineImageSpan extends ImageSpan {
 		Drawable b = getDrawable();
 		canvas.save();
 
-		int transY = 0;
+		int transY = bottom - ((int) (dHeight * mRatio));
 		if (mVerticalAlignment == ALIGN_BASELINE) {
 			transY -= paint.getFontMetricsInt().descent;
 		}