diff --git a/packages/react-native/gradle/libs.versions.toml b/packages/react-native/gradle/libs.versions.toml
index ac30ec5b1b6cb8..1a2b211bd43e27 100644
--- a/packages/react-native/gradle/libs.versions.toml
+++ b/packages/react-native/gradle/libs.versions.toml
@@ -15,7 +15,7 @@ androidx-tracing = "1.1.0"
 assertj = "3.21.0"
 download = "5.4.0"
 fbjni = "0.5.1"
-fresco = "3.0.0"
+fresco = "3.1.0"
 infer-annotation = "0.18.0"
 javax-annotation-api = "1.3.2"
 javax-inject = "1"