diff --git a/packages/app/package.json b/packages/app/package.json
index 0a814c7c5..8649c7126 100644
--- a/packages/app/package.json
+++ b/packages/app/package.json
@@ -90,7 +90,7 @@
     "@rnx-kit/tools-react-native": "^2.1.0",
     "ajv": "^8.0.0",
     "cliui": "^8.0.0",
-    "fast-xml-parser": "^4.0.0",
+    "fast-xml-parser": "^5.0.0",
     "prompts": "^2.4.0",
     "semver": "^7.3.5",
     "uuid": "^11.0.0"
diff --git a/yarn.lock b/yarn.lock
index b4f27a8aa..1c869feb9 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -8045,14 +8045,14 @@ __metadata:
   languageName: node
   linkType: hard
 
-"fast-xml-parser@npm:^5.0.8":
-  version: 5.2.5
-  resolution: "fast-xml-parser@npm:5.2.5"
+"fast-xml-parser@npm:^5.0.0, fast-xml-parser@npm:^5.0.8":
+  version: 5.3.4
+  resolution: "fast-xml-parser@npm:5.3.4"
   dependencies:
     strnum: "npm:^2.1.0"
   bin:
     fxparser: src/cli/cli.js
-  checksum: 10c0/d1057d2e790c327ccfc42b872b91786a4912a152d44f9507bf053f800102dfb07ece3da0a86b33ff6a0caa5a5cad86da3326744f6ae5efb0c6c571d754fe48cd
+  checksum: 10c0/d77866ca860ad185153e12f6ba12274d32026319ad8064e4681342b8a8e1ffad3f1f98daf04d77239fb12eb1d906ee7185fd328deda74529680e8dae0f3e9327
   languageName: node
   linkType: hard
 
@@ -12353,7 +12353,7 @@ __metadata:
     cliui: "npm:^8.0.0"
     eslint: "npm:^9.12.0"
     eslint-plugin-wdio: "npm:^9.0.0"
-    fast-xml-parser: "npm:^4.0.0"
+    fast-xml-parser: "npm:^5.0.0"
     js-yaml: "npm:^4.1.0"
     memfs: "npm:^4.0.0"
     minimatch: "npm:^9.0.0"