diff --git a/package-lock.json b/package-lock.json
index 8df6ff2ebf09..b2b8b6fa13da 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -94,7 +94,7 @@
         "react-native-linear-gradient": "^2.8.1",
         "react-native-localize": "^2.2.6",
         "react-native-modal": "^13.0.0",
-        "react-native-onyx": "1.0.118",
+        "react-native-onyx": "1.0.126",
         "react-native-pager-view": "6.2.2",
         "react-native-pdf": "^6.7.4",
         "react-native-performance": "^5.1.0",
@@ -47038,17 +47038,17 @@
       }
     },
     "node_modules/react-native-onyx": {
-      "version": "1.0.118",
-      "resolved": "https://registry.npmjs.org/react-native-onyx/-/react-native-onyx-1.0.118.tgz",
-      "integrity": "sha512-w54jO+Bpu1ElHsrxZXIIpcBqNkrUvuVCQmwWdfOW5LvO4UwsPSwmMxzExbUZ4ip+7CROmm10IgXFaAoyfeYSVQ==",
+      "version": "1.0.126",
+      "resolved": "https://registry.npmjs.org/react-native-onyx/-/react-native-onyx-1.0.126.tgz",
+      "integrity": "sha512-tUJI1mQaWXLfyBFYQQWM6mm9GiCqIXGvjbqJkH1fLY3OqbGW6DyH4CxC+qJrqfi4bKZgZHp5xlBHhkPV4pKK2A==",
       "dependencies": {
         "ascii-table": "0.0.9",
         "fast-equals": "^4.0.3",
         "underscore": "^1.13.6"
       },
       "engines": {
-        "node": ">=16.15.1 <=20.9.0",
-        "npm": ">=8.11.0 <=10.1.0"
+        "node": "20.9.0",
+        "npm": "10.1.0"
       },
       "peerDependencies": {
         "idb-keyval": "^6.2.1",
@@ -89716,9 +89716,9 @@
       }
     },
     "react-native-onyx": {
-      "version": "1.0.118",
-      "resolved": "https://registry.npmjs.org/react-native-onyx/-/react-native-onyx-1.0.118.tgz",
-      "integrity": "sha512-w54jO+Bpu1ElHsrxZXIIpcBqNkrUvuVCQmwWdfOW5LvO4UwsPSwmMxzExbUZ4ip+7CROmm10IgXFaAoyfeYSVQ==",
+      "version": "1.0.126",
+      "resolved": "https://registry.npmjs.org/react-native-onyx/-/react-native-onyx-1.0.126.tgz",
+      "integrity": "sha512-tUJI1mQaWXLfyBFYQQWM6mm9GiCqIXGvjbqJkH1fLY3OqbGW6DyH4CxC+qJrqfi4bKZgZHp5xlBHhkPV4pKK2A==",
       "requires": {
         "ascii-table": "0.0.9",
         "fast-equals": "^4.0.3",
diff --git a/package.json b/package.json
index 2494716d55f5..892286d554ca 100644
--- a/package.json
+++ b/package.json
@@ -142,7 +142,7 @@
     "react-native-linear-gradient": "^2.8.1",
     "react-native-localize": "^2.2.6",
     "react-native-modal": "^13.0.0",
-    "react-native-onyx": "1.0.118",
+    "react-native-onyx": "1.0.126",
     "react-native-pager-view": "6.2.2",
     "react-native-pdf": "^6.7.4",
     "react-native-performance": "^5.1.0",
diff --git a/tests/unit/MigrationTest.js b/tests/unit/MigrationTest.js
index ebffc71e4e0e..4a363d1de36b 100644
--- a/tests/unit/MigrationTest.js
+++ b/tests/unit/MigrationTest.js
@@ -51,8 +51,8 @@ describe('Migrations', () => {
         it('Should remove any individual reportActions that have no data in Onyx', () =>
             Onyx.multiSet({
                 [`${ONYXKEYS.COLLECTION.REPORT_ACTIONS}1`]: {
-                    1: null,
-                    2: null,
+                    1: {},
+                    2: {},
                 },
             })
                 .then(PersonalDetailsByAccountID)
diff --git a/tests/unit/ReportActionsUtilsTest.js b/tests/unit/ReportActionsUtilsTest.js
index b8b6eb5e7673..19a89d1c892c 100644
--- a/tests/unit/ReportActionsUtilsTest.js
+++ b/tests/unit/ReportActionsUtilsTest.js
@@ -368,7 +368,7 @@ describe('ReportActionsUtils', () => {
                                     callback: () => {
                                         Onyx.disconnect(connectionID);
                                         const res = ReportActionsUtils.getLastVisibleAction(report.reportID);
-                                        expect(res).toBe(action2);
+                                        expect(res).toEqual(action2);
                                         resolve();
                                     },
                                 });