diff --git a/packages/babel-preset-gatsby/package.json b/packages/babel-preset-gatsby/package.json
index 4d9000603fe4a..12d114e99902a 100644
--- a/packages/babel-preset-gatsby/package.json
+++ b/packages/babel-preset-gatsby/package.json
@@ -20,7 +20,7 @@
     "@babel/preset-react": "^7.14.0",
     "@babel/runtime": "^7.15.4",
     "babel-plugin-dynamic-import-node": "^2.3.3",
-    "babel-plugin-macros": "^2.8.0",
+    "babel-plugin-macros": "^3.1.0",
     "babel-plugin-transform-react-remove-prop-types": "^0.4.24",
     "gatsby-core-utils": "^3.14.0-next.0",
     "gatsby-legacy-polyfills": "^2.14.0-next.0"
diff --git a/yarn.lock b/yarn.lock
index ea90c3b81ad1e..3cdca448c73be 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -6196,10 +6196,10 @@ babel-plugin-macros@^2.6.1, babel-plugin-macros@^2.8.0:
     cosmiconfig "^6.0.0"
     resolve "^1.12.0"
 
-babel-plugin-macros@^3.0.1:
-  version "3.0.1"
-  resolved "https://registry.yarnpkg.com/babel-plugin-macros/-/babel-plugin-macros-3.0.1.tgz#0d412d68f5b3d1b64358f24ab099bd148724e2a9"
-  integrity sha512-CKt4+Oy9k2wiN+hT1uZzOw7d8zb1anbQpf7KLwaaXRCi/4pzKdFKHf7v5mvoPmjkmxshh7eKZQuRop06r5WP4w==
+babel-plugin-macros@^3.0.1, babel-plugin-macros@^3.1.0:
+  version "3.1.0"
+  resolved "https://registry.yarnpkg.com/babel-plugin-macros/-/babel-plugin-macros-3.1.0.tgz#9ef6dc74deb934b4db344dc973ee851d148c50c1"
+  integrity sha512-Cg7TFGpIr01vOQNODXOOaGz2NpCU5gl8x1qJFbb6hbZxR7XrcE2vtbAsTAbJ7/xwJtUuJEw8K8Zr/AE0LHlesg==
   dependencies:
     "@babel/runtime" "^7.12.5"
     cosmiconfig "^7.0.0"