diff --git a/packages/benchmarks/package.json b/packages/benchmarks/package.json
index 38fdd29cd3..90a7dd9dd8 100644
--- a/packages/benchmarks/package.json
+++ b/packages/benchmarks/package.json
@@ -30,7 +30,7 @@
     "babel-plugin-react-native-web": "0.14.8",
     "css-loader": "^0.28.10",
     "style-loader": "^2.0.0",
-    "webpack": "^3.10.0",
+    "webpack": "^5.0.0",
     "webpack-bundle-analyzer": "^2.9.2"
   }
 }