diff --git a/package.json b/package.json
index 62335e2e2072..469793d362b6 100644
--- a/package.json
+++ b/package.json
@@ -61,7 +61,7 @@
     "eslint-plugin-no-function-declare-after-return": "^1.0.0",
     "eslint-plugin-react": "^6.7.1",
     "eslint-plugin-react-internal": "link:./scripts/eslint-rules",
-    "fbjs-scripts": "1.2.0",
+    "fbjs-scripts": "3.0.1",
     "filesize": "^6.0.1",
     "flow-bin": "0.97",
     "glob": "^7.1.6",
diff --git a/scripts/jest/preprocessor.js b/scripts/jest/preprocessor.js
index af9930397623..d7a5a2cdab6d 100644
--- a/scripts/jest/preprocessor.js
+++ b/scripts/jest/preprocessor.js
@@ -6,7 +6,7 @@ const babel = require('@babel/core');
 const coffee = require('coffee-script');
 
 const tsPreprocessor = require('./typescript/preprocessor');
-const createCacheKeyFunctionJest26 = require('fbjs-scripts/jest/createCacheKeyFunction');
+const createCacheKeyFunction = require('fbjs-scripts/jest/createCacheKeyFunction');
 
 const pathToBabel = path.join(
   require.resolve('@babel/core'),
@@ -52,20 +52,6 @@ const babelOptions = {
   retainLines: true,
 };
 
-const getCacheKeyJest26 = createCacheKeyFunctionJest26([
-  __filename,
-  pathToBabel,
-  pathToBabelrc,
-  pathToTransformInfiniteLoops,
-  pathToTransformTestGatePragma,
-  pathToErrorCodes,
-]);
-
-// TODO: Upstream fix for `options` being nullable
-function getCacheKey(src, file, configString, options = {}) {
-  return getCacheKeyJest26(src, file, configString, options);
-}
-
 module.exports = {
   process: function(src, filePath) {
     if (filePath.match(/\.css$/)) {
@@ -110,5 +96,12 @@ module.exports = {
     return src;
   },
 
-  getCacheKey,
+  getCacheKey: createCacheKeyFunction([
+    __filename,
+    pathToBabel,
+    pathToBabelrc,
+    pathToTransformInfiniteLoops,
+    pathToTransformTestGatePragma,
+    pathToErrorCodes,
+  ]),
 };
diff --git a/yarn.lock b/yarn.lock
index 08c537870bd4..f0b5f9ac167c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7571,15 +7571,14 @@ fbjs-css-vars@^1.0.0:
   resolved "https://registry.yarnpkg.com/fbjs-css-vars/-/fbjs-css-vars-1.0.2.tgz#216551136ae02fe255932c3ec8775f18e2c078b8"
   integrity sha512-b2XGFAFdWZWg0phtAWLHCk836A1Xann+I+Dgd3Gk64MHKZO44FfoD1KxyvbSh0qZsIoXQGGlVztIY+oitJPpRQ==
 
-fbjs-scripts@1.2.0:
-  version "1.2.0"
-  resolved "https://registry.yarnpkg.com/fbjs-scripts/-/fbjs-scripts-1.2.0.tgz#069a0c0634242d10031c6460ef1fccefcdae8b27"
-  integrity sha512-5krZ8T0Bf8uky0abPoCLrfa7Orxd8UH4Qq8hRUF2RZYNMu+FmEOrBc7Ib3YVONmxTXTlLAvyrrdrVmksDb2OqQ==
+fbjs-scripts@3.0.1:
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/fbjs-scripts/-/fbjs-scripts-3.0.1.tgz#5265699e158700b453786e4892aa9730c0cb0f75"
+  integrity sha512-UHsf5lk5G33mSZIviQqulKvyV/kPIMwODH3tpkuoXbsBewFaWwT9KTfEvkoPj+WSGMGI6n+bRsc8VVdSa9Jh+w==
   dependencies:
     "@babel/core" "^7.0.0"
     ansi-colors "^1.0.1"
     babel-preset-fbjs "^3.2.0"
-    core-js "^2.4.1"
     cross-spawn "^5.1.0"
     fancy-log "^1.3.2"
     object-assign "^4.0.1"