diff --git a/packages/desktop-client/src/components/reports/graphs/NetWorthGraph.tsx b/packages/desktop-client/src/components/reports/graphs/NetWorthGraph.tsx
index f3974f7e4ec..825e1ade772 100644
--- a/packages/desktop-client/src/components/reports/graphs/NetWorthGraph.tsx
+++ b/packages/desktop-client/src/components/reports/graphs/NetWorthGraph.tsx
@@ -12,6 +12,7 @@ import {
   ResponsiveContainer,
 } from 'recharts';
 
+import { usePrivacyMode } from '../../../hooks/usePrivacyMode';
 import { theme } from '../../../style';
 import { type CSSProperties } from '../../../style';
 import { AlignedText } from '../../common/AlignedText';
@@ -29,8 +30,10 @@ export function NetWorthGraph({
   graphData,
   compact,
 }: NetWorthGraphProps) {
+  const privacyMode = usePrivacyMode();
+
   const tickFormatter = tick => {
-    return `${Math.round(tick).toLocaleString()}`; // Formats the tick values as strings with commas
+    return privacyMode ? '...' : `${Math.round(tick).toLocaleString()}`; // Formats the tick values as strings with commas
   };
 
   const gradientOffset = () => {
diff --git a/upcoming-release-notes/2594.md b/upcoming-release-notes/2594.md
new file mode 100644
index 00000000000..4ce8d1ca336
--- /dev/null
+++ b/upcoming-release-notes/2594.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [ttlgeek]
+---
+
+Hide Y axis values of net worth graph when privacy mode is enabled.