diff --git a/build.gradle.kts b/build.gradle.kts
index eadfc78f58ee9b..d08c06c100347d 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -14,7 +14,7 @@ buildscript {
     mavenCentral()
   }
   dependencies {
-    classpath("com.android.tools.build:gradle:7.2.0")
+    classpath("com.android.tools.build:gradle:7.2.1")
     classpath("de.undercouch:gradle-download-task:5.0.1")
     // NOTE: Do not place your application dependencies here; they belong
     // in the individual module build.gradle files
diff --git a/packages/react-native-gradle-plugin/build.gradle.kts b/packages/react-native-gradle-plugin/build.gradle.kts
index e02b0c8babf8ed..7ba884ae58f528 100644
--- a/packages/react-native-gradle-plugin/build.gradle.kts
+++ b/packages/react-native-gradle-plugin/build.gradle.kts
@@ -32,7 +32,7 @@ group = "com.facebook.react"
 
 dependencies {
   implementation(gradleApi())
-  implementation("com.android.tools.build:gradle:7.2.0")
+  implementation("com.android.tools.build:gradle:7.2.1")
   implementation("com.google.code.gson:gson:2.8.9")
   implementation("com.google.guava:guava:31.0.1-jre")
   implementation("com.squareup:javapoet:1.13.0")
diff --git a/template/android/build.gradle b/template/android/build.gradle
index 5227c201b21b58..338dc272f39db8 100644
--- a/template/android/build.gradle
+++ b/template/android/build.gradle
@@ -22,7 +22,7 @@ buildscript {
         mavenCentral()
     }
     dependencies {
-        classpath("com.android.tools.build:gradle:7.2.0")
+        classpath("com.android.tools.build:gradle:7.2.1")
         classpath("com.facebook.react:react-native-gradle-plugin")
         classpath("de.undercouch:gradle-download-task:5.0.1")
         // NOTE: Do not place your application dependencies here; they belong