diff --git a/package-lock.json b/package-lock.json
index e70486fb..655fe84f 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -55,7 +55,7 @@
         "@edx/browserslist-config": "^1.1.1",
         "@edx/frontend-build": "11.0.2",
         "@edx/reactifex": "1.1.0",
-        "babel-plugin-formatjs": "10.3.35",
+        "babel-plugin-formatjs": "10.4.0",
         "enzyme": "3.11.0",
         "enzyme-adapter-react-16": "1.15.7",
         "eslint-plugin-import": "2.26.0",
@@ -3994,9 +3994,9 @@
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-      "resolved": "https://registry.npmjs.org/@formatjs/icu-messageformat-parser/-/icu-messageformat-parser-2.1.14.tgz",
-      "integrity": "sha512-0KqeVOb72losEhUW+59vhZGGd14s1f35uThfEMVKZHKLEObvJdFTiI3ZQwvTMUCzLEMxnS6mtnYPmG4mTvwd3Q==",
+      "version": "2.3.0",
+      "resolved": "https://registry.npmjs.org/@formatjs/icu-messageformat-parser/-/icu-messageformat-parser-2.3.0.tgz",
+      "integrity": "sha512-xqtlqYAbfJDF4b6e4O828LBNOWXrFcuYadqAbYORlDRwhyJ2bH+xpUBPldZbzRGUN2mxlZ4Ykhm7jvERtmI8NQ==",
       "dev": true,
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@@ -8217,9 +8217,9 @@
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     "node_modules/babel-plugin-formatjs": {
-      "version": "10.3.35",
-      "resolved": "https://registry.npmjs.org/babel-plugin-formatjs/-/babel-plugin-formatjs-10.3.35.tgz",
-      "integrity": "sha512-AGPsA9jOH68CBk2kKRlC8pFkjR9F1fFQ5+BEYc3y2+8E4j188sSlooYy8l//sO5mLISfIVuo7C0PZT61MlifKA==",
+      "version": "10.4.0",
+      "resolved": "https://registry.npmjs.org/babel-plugin-formatjs/-/babel-plugin-formatjs-10.4.0.tgz",
+      "integrity": "sha512-m9heKeKjINsaL20RPrZ7bqvB298WPJOOVRB0AdTtXHs9MOWkXYx89YdJRu/L6dgj7IGg09OG7OZXIvlYGVBPLg==",
       "dev": true,
       "dependencies": {
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@@ -8227,8 +8227,8 @@
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         "@babel/types": "^7.12.11",
-        "@formatjs/icu-messageformat-parser": "2.1.14",
-        "@formatjs/ts-transformer": "3.11.5",
+        "@formatjs/icu-messageformat-parser": "2.3.0",
+        "@formatjs/ts-transformer": "3.12.0",
         "@types/babel__core": "^7.1.7",
         "@types/babel__helper-plugin-utils": "^7.10.0",
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@@ -8236,12 +8236,12 @@
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-      "resolved": "https://registry.npmjs.org/@formatjs/ts-transformer/-/ts-transformer-3.11.5.tgz",
-      "integrity": "sha512-cAmvKzgPqdetAr/RsxoXYhfNhMf5tERlXzJTsQw+j6tddPwIAbihACQx6KaajyJJ4aNssiziWNmcaHtjTqrrVw==",
+      "version": "3.12.0",
+      "resolved": "https://registry.npmjs.org/@formatjs/ts-transformer/-/ts-transformer-3.12.0.tgz",
+      "integrity": "sha512-/jEpXcqA6y/vdijgkxSoKGfkGR5VcClJeI8hnpJ2PBCHfrc4ywFMyoZqRAakKW3IJVttaDo7mGvBAIDxV1F4Qg==",
       "dev": true,
       "dependencies": {
-        "@formatjs/icu-messageformat-parser": "2.1.14",
+        "@formatjs/icu-messageformat-parser": "2.3.0",
         "@types/json-stable-stringify": "^1.0.32",
         "@types/node": "14 || 16 || 17",
         "chalk": "^4.0.0",
@@ -31245,9 +31245,9 @@
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     "@formatjs/icu-messageformat-parser": {
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-      "resolved": "https://registry.npmjs.org/@formatjs/icu-messageformat-parser/-/icu-messageformat-parser-2.1.14.tgz",
-      "integrity": "sha512-0KqeVOb72losEhUW+59vhZGGd14s1f35uThfEMVKZHKLEObvJdFTiI3ZQwvTMUCzLEMxnS6mtnYPmG4mTvwd3Q==",
+      "version": "2.3.0",
+      "resolved": "https://registry.npmjs.org/@formatjs/icu-messageformat-parser/-/icu-messageformat-parser-2.3.0.tgz",
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       "dev": true,
       "requires": {
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@@ -34575,9 +34575,9 @@
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     "babel-plugin-formatjs": {
-      "version": "10.3.35",
-      "resolved": "https://registry.npmjs.org/babel-plugin-formatjs/-/babel-plugin-formatjs-10.3.35.tgz",
-      "integrity": "sha512-AGPsA9jOH68CBk2kKRlC8pFkjR9F1fFQ5+BEYc3y2+8E4j188sSlooYy8l//sO5mLISfIVuo7C0PZT61MlifKA==",
+      "version": "10.4.0",
+      "resolved": "https://registry.npmjs.org/babel-plugin-formatjs/-/babel-plugin-formatjs-10.4.0.tgz",
+      "integrity": "sha512-m9heKeKjINsaL20RPrZ7bqvB298WPJOOVRB0AdTtXHs9MOWkXYx89YdJRu/L6dgj7IGg09OG7OZXIvlYGVBPLg==",
       "dev": true,
       "requires": {
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@@ -34585,8 +34585,8 @@
         "@babel/plugin-syntax-jsx": "7",
         "@babel/traverse": "7",
         "@babel/types": "^7.12.11",
-        "@formatjs/icu-messageformat-parser": "2.1.14",
-        "@formatjs/ts-transformer": "3.11.5",
+        "@formatjs/icu-messageformat-parser": "2.3.0",
+        "@formatjs/ts-transformer": "3.12.0",
         "@types/babel__core": "^7.1.7",
         "@types/babel__helper-plugin-utils": "^7.10.0",
         "@types/babel__traverse": "^7.1.7",
@@ -34594,12 +34594,12 @@
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-          "resolved": "https://registry.npmjs.org/@formatjs/ts-transformer/-/ts-transformer-3.11.5.tgz",
-          "integrity": "sha512-cAmvKzgPqdetAr/RsxoXYhfNhMf5tERlXzJTsQw+j6tddPwIAbihACQx6KaajyJJ4aNssiziWNmcaHtjTqrrVw==",
+          "version": "3.12.0",
+          "resolved": "https://registry.npmjs.org/@formatjs/ts-transformer/-/ts-transformer-3.12.0.tgz",
+          "integrity": "sha512-/jEpXcqA6y/vdijgkxSoKGfkGR5VcClJeI8hnpJ2PBCHfrc4ywFMyoZqRAakKW3IJVttaDo7mGvBAIDxV1F4Qg==",
           "dev": true,
           "requires": {
-            "@formatjs/icu-messageformat-parser": "2.1.14",
+            "@formatjs/icu-messageformat-parser": "2.3.0",
             "@types/json-stable-stringify": "^1.0.32",
             "@types/node": "14 || 16 || 17",
             "chalk": "^4.0.0",
diff --git a/package.json b/package.json
index 4d9ac283..0cff3122 100644
--- a/package.json
+++ b/package.json
@@ -78,7 +78,7 @@
     "@edx/browserslist-config": "^1.1.1",
     "@edx/frontend-build": "11.0.2",
     "@edx/reactifex": "1.1.0",
-    "babel-plugin-formatjs": "10.3.35",
+    "babel-plugin-formatjs": "10.4.0",
     "enzyme": "3.11.0",
     "enzyme-adapter-react-16": "1.15.7",
     "eslint-plugin-import": "2.26.0",