diff --git a/benchmark/process/next-tick-loop.js b/benchmark/process/next-tick-loop.js
new file mode 100644
index 00000000000000..36f877274a5949
--- /dev/null
+++ b/benchmark/process/next-tick-loop.js
@@ -0,0 +1,30 @@
+'use strict';
+const common = require('../common.js');
+const bench = common.createBenchmark(main, {
+  n: [1e4, 2e4, 4e4],
+  loop: [1e3],
+});
+
+function main({ n, loop }) {
+  bench.start();
+  run();
+  function run() {
+    let j = 0;
+
+    function cb() {
+      j++;
+      if (j === n) {
+        loop--;
+        if (loop === 0) {
+          bench.end(n);
+        } else {
+          run();
+        }
+      }
+    }
+
+    for (let i = 0; i < n; i++) {
+      process.nextTick(cb);
+    }
+  }
+}
diff --git a/lib/internal/fixed_queue.js b/lib/internal/fixed_queue.js
index f6f3110d8ec5d4..9c8b4a40d33fc3 100644
--- a/lib/internal/fixed_queue.js
+++ b/lib/internal/fixed_queue.js
@@ -78,18 +78,18 @@ class FixedCircularBuffer {
   }
 
   shift() {
-    const nextItem = this.list[this.bottom];
-    if (nextItem === undefined)
+    if (this.isEmpty())
       return null;
+    const data = this.list[this.bottom];
     this.list[this.bottom] = undefined;
     this.bottom = (this.bottom + 1) & kMask;
-    return nextItem;
+    return data;
   }
 }
 
 module.exports = class FixedQueue {
   constructor() {
-    this.head = this.tail = new FixedCircularBuffer();
+    this.head = this.tail = this.buffer = new FixedCircularBuffer();
   }
 
   isEmpty() {
@@ -97,21 +97,29 @@ module.exports = class FixedQueue {
   }
 
   push(data) {
-    if (this.head.isFull()) {
-      // Head is full: Creates a new queue, sets the old queue's `.next` to it,
-      // and sets it as the new main queue.
-      this.head = this.head.next = new FixedCircularBuffer();
+    const head = this.head;
+    if (head.isFull()) {
+      // Head is full: Reuses the empty tail or creates a new queue,
+      // sets the old queue's `.next` to it, and sets it as the new main queue.
+      const buffer = this.buffer;
+      if (buffer.isEmpty()) {
+        this.buffer = buffer.next;
+        buffer.next = null;
+        this.head = head.next = buffer;
+      } else {
+        this.head = head.next = new FixedCircularBuffer();
+      }
     }
     this.head.push(data);
   }
 
   shift() {
     const tail = this.tail;
-    const next = tail.shift();
+    const data = tail.shift();
     if (tail.isEmpty() && tail.next !== null) {
       // If there is another queue, it forms the new tail.
       this.tail = tail.next;
     }
-    return next;
+    return data;
   }
 };
diff --git a/test/parallel/test-fixed-queue.js b/test/parallel/test-fixed-queue.js
index a50be1309a5ea8..5743f7d458d398 100644
--- a/test/parallel/test-fixed-queue.js
+++ b/test/parallel/test-fixed-queue.js
@@ -13,7 +13,11 @@ const FixedQueue = require('internal/fixed_queue');
   queue.push('a');
   assert(!queue.isEmpty());
   assert.strictEqual(queue.shift(), 'a');
+  assert.strictEqual(queue.head, queue.tail);
+  assert.strictEqual(queue.head.next, null);
   assert.strictEqual(queue.shift(), null);
+  assert.strictEqual(queue.head, queue.tail);
+  assert.strictEqual(queue.head.next, null);
 }
 
 {
@@ -23,11 +27,14 @@ const FixedQueue = require('internal/fixed_queue');
   assert(queue.head.isFull());
   queue.push('a');
   assert(!queue.head.isFull());
-
   assert.notStrictEqual(queue.head, queue.tail);
+  assert.strictEqual(queue.head, queue.tail.next);
+  assert.strictEqual(queue.head.next, null);
+
   for (let i = 0; i < 2047; i++)
     assert.strictEqual(queue.shift(), 'a');
   assert.strictEqual(queue.head, queue.tail);
+  assert.strictEqual(queue.head.next, null);
   assert(!queue.isEmpty());
   assert.strictEqual(queue.shift(), 'a');
   assert(queue.isEmpty());