diff --git a/src/libs/DateUtils.ts b/src/libs/DateUtils.ts
index 1a10eb03a00e..526769723531 100644
--- a/src/libs/DateUtils.ts
+++ b/src/libs/DateUtils.ts
@@ -5,9 +5,12 @@ import {
     eachDayOfInterval,
     eachMonthOfInterval,
     endOfDay,
+    endOfMonth,
     endOfWeek,
     format,
     formatDistanceToNow,
+    getDate,
+    getDay,
     getDayOfYear,
     isAfter,
     isBefore,
@@ -730,6 +733,25 @@ function formatToSupportedTimezone(timezoneInput: Timezone): Timezone {
     };
 }
 
+/**
+ * Returns the last business day of given date month
+ *
+ * param {Date} inputDate
+ * returns {number}
+ */
+function getLastBusinessDayOfMonth(inputDate: Date): number {
+    let currentDate = endOfMonth(inputDate);
+    const dayOfWeek = getDay(currentDate);
+
+    if (dayOfWeek === 0) {
+        currentDate = subDays(currentDate, 2);
+    } else if (dayOfWeek === 6) {
+        currentDate = subDays(currentDate, 1);
+    }
+
+    return getDate(currentDate);
+}
+
 const DateUtils = {
     formatToDayOfWeek,
     formatToLongDateWithWeekday,
@@ -774,6 +796,7 @@ const DateUtils = {
     getWeekEndsOn,
     isTimeAtLeastOneMinuteInFuture,
     formatToSupportedTimezone,
+    getLastBusinessDayOfMonth,
 };
 
 export default DateUtils;
diff --git a/tests/unit/DateUtilsTest.js b/tests/unit/DateUtilsTest.js
index 7480da456d7f..a752eea1a990 100644
--- a/tests/unit/DateUtilsTest.js
+++ b/tests/unit/DateUtilsTest.js
@@ -213,4 +213,35 @@ describe('DateUtils', () => {
             });
         });
     });
+
+    describe('getLastBusinessDayOfMonth', () => {
+        const scenarios = [
+            {
+                // Last business day of May in 2025
+                inputDate: new Date(2025, 4),
+                expectedResult: 30,
+            },
+            {
+                // Last business day  of February in 2024
+                inputDate: new Date(2024, 2),
+                expectedResult: 29,
+            },
+            {
+                // Last business day of January in 2024
+                inputDate: new Date(2024, 0),
+                expectedResult: 31,
+            },
+            {
+                // Last business day of September in 2023
+                inputDate: new Date(2023, 8),
+                expectedResult: 29,
+            },
+        ];
+
+        test.each(scenarios)('returns a last business day based on the input date', ({inputDate, expectedResult}) => {
+            const lastBusinessDay = DateUtils.getLastBusinessDayOfMonth(inputDate);
+
+            expect(lastBusinessDay).toEqual(expectedResult);
+        });
+    });
 });