diff --git a/app/javascript/views/statements/Statements.tsx b/app/javascript/views/statements/Statements.tsx
index bfd4781c3b..b4722ec574 100644
--- a/app/javascript/views/statements/Statements.tsx
+++ b/app/javascript/views/statements/Statements.tsx
@@ -5,7 +5,7 @@ import {
   FormattedNumber,
   injectIntl,
 } from "react-intl";
-import ReactTooltip from "react-tooltip";
+import { Tooltip } from "react-tooltip";
 
 import { DownloadIcon } from "brave-ui/components/icons";
 
@@ -85,7 +85,7 @@ export const DepositBreakdown = (props) => {
         {props.children}
       </span>
 
-      <ReactTooltip id={id}>
+      <Tooltip id={id}>
         <table className="table text-light m-0">
           <tbody>
             {Object.keys(props.results).map((type) => (
@@ -101,7 +101,7 @@ export const DepositBreakdown = (props) => {
             ))}
           </tbody>
         </table>
-      </ReactTooltip>
+      </Tooltip>
     </React.Fragment>
   );
 };
diff --git a/package.json b/package.json
index ecee73fb9e..ba403af0db 100644
--- a/package.json
+++ b/package.json
@@ -86,7 +86,7 @@
     "react-dom": "^16.6.3",
     "react-intl": "^6.4.4",
     "react-select": "^5.7.4",
-    "react-tooltip": "^4.2.3",
+    "react-tooltip": "^5.21.5",
     "sass": "^1.64.1",
     "sass-loader": "^13.3.2",
     "shakapacker": "7.0.3",
diff --git a/yarn.lock b/yarn.lock
index d65f8042bf..97cfdb62e2 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1687,6 +1687,21 @@
   dependencies:
     "@floating-ui/utils" "^0.1.1"
 
+"@floating-ui/core@^1.4.2":
+  version "1.5.0"
+  resolved "https://registry.yarnpkg.com/@floating-ui/core/-/core-1.5.0.tgz#5c05c60d5ae2d05101c3021c1a2a350ddc027f8c"
+  integrity sha512-kK1h4m36DQ0UHGj5Ah4db7R0rHemTqqO0QLvUqi1/mUUp3LuAWbWxdxSIf/XsnH9VS6rRVPLJCncjRzUvyCLXg==
+  dependencies:
+    "@floating-ui/utils" "^0.1.3"
+
+"@floating-ui/dom@^1.0.0":
+  version "1.5.3"
+  resolved "https://registry.yarnpkg.com/@floating-ui/dom/-/dom-1.5.3.tgz#54e50efcb432c06c23cd33de2b575102005436fa"
+  integrity sha512-ClAbQnEqJAKCJOEbbLo5IUlZHkNszqhuxS4fHAVxRPXPya6Ysf2G8KypnYcOTpx6I8xcgF9bbHb6g/2KpbV8qA==
+  dependencies:
+    "@floating-ui/core" "^1.4.2"
+    "@floating-ui/utils" "^0.1.3"
+
 "@floating-ui/dom@^1.0.1":
   version "1.5.1"
   resolved "https://registry.yarnpkg.com/@floating-ui/dom/-/dom-1.5.1.tgz#88b70defd002fe851f17b4a25efb2d3c04d7a8d7"
@@ -1700,6 +1715,11 @@
   resolved "https://registry.yarnpkg.com/@floating-ui/utils/-/utils-0.1.1.tgz#1a5b1959a528e374e8037c4396c3e825d6cf4a83"
   integrity sha512-m0G6wlnhm/AX0H12IOWtK8gASEMffnX08RtKkCgTdHb9JpHKGloI7icFfLg9ZmQeavcvR0PKmzxClyuFPSjKWw==
 
+"@floating-ui/utils@^0.1.3":
+  version "0.1.6"
+  resolved "https://registry.yarnpkg.com/@floating-ui/utils/-/utils-0.1.6.tgz#22958c042e10b67463997bd6ea7115fe28cbcaf9"
+  integrity sha512-OfX7E2oUDYxtBvsuS4e/jSn4Q9Qb6DzgeYtsAdkPZ47znpoNsMgZw0+tVijiv3uGNR6dgNlty6r9rzIzHjtd/A==
+
 "@formatjs/ecma402-abstract@1.17.0":
   version "1.17.0"
   resolved "https://registry.yarnpkg.com/@formatjs/ecma402-abstract/-/ecma402-abstract-1.17.0.tgz#2ce191a3bde4c65c6684e03fa247062a4a294b9e"
@@ -3985,6 +4005,11 @@ class-utils@^0.3.5:
     isobject "^3.0.0"
     static-extend "^0.1.1"
 
+classnames@^2.3.0:
+  version "2.3.2"
+  resolved "https://registry.yarnpkg.com/classnames/-/classnames-2.3.2.tgz#351d813bf0137fcc6a76a16b88208d2560a0d924"
+  integrity sha512-CSbhY4cFEJRe6/GQzIk5qXZ4Jeg5pcsP7b5peFSDpffpe1cqjASH/n9UTjBwOp6XpMSTwQ8Za2K5V02ueA7Tmw==
+
 clean-stack@^2.0.0:
   version "2.2.0"
   resolved "https://registry.yarnpkg.com/clean-stack/-/clean-stack-2.2.0.tgz#ee8472dbb129e727b31e8a10a427dee9dfe4008b"
@@ -9781,13 +9806,13 @@ react-test-renderer@^16.0.0-0:
     react-is "^16.8.6"
     scheduler "^0.19.1"
 
-react-tooltip@^4.2.3:
-  version "4.5.1"
-  resolved "https://registry.yarnpkg.com/react-tooltip/-/react-tooltip-4.5.1.tgz#77eccccdf16adec804132e558ec20ca5783b866a"
-  integrity sha512-Zo+CSFUGXar1uV+bgXFFDe7VeS2iByeIp5rTgTcc2HqtuOS5D76QapejNNfx320MCY91TlhTQat36KGFTqgcvw==
+react-tooltip@^5.21.5:
+  version "5.21.5"
+  resolved "https://registry.yarnpkg.com/react-tooltip/-/react-tooltip-5.21.5.tgz#3e1bc02a0e674369dea81bb201d6106724dd60cf"
+  integrity sha512-ey70qf6pBGi4U6xpyNlZAHobAhlo2dfxmImR2Bzd/DbLTsAYWz3TEaK+RMFuUZMq6hSPRbUHQSkP2rHBq4uFVg==
   dependencies:
-    prop-types "^15.8.1"
-    uuid "^7.0.3"
+    "@floating-ui/dom" "^1.0.0"
+    classnames "^2.3.0"
 
 react-transition-group@^4.3.0:
   version "4.4.5"
@@ -11754,11 +11779,6 @@ utils-merge@1.0.1:
   resolved "https://registry.yarnpkg.com/utils-merge/-/utils-merge-1.0.1.tgz#9f95710f50a267947b2ccc124741c1028427e713"
   integrity sha512-pMZTvIkT1d+TFGvDOqodOclx0QWkkgi6Tdoa8gC8ffGAAqz9pzPTZWAybbsHHoED/ztMtkv/VoYTYyShUn81hA==
 
-uuid@^7.0.3:
-  version "7.0.3"
-  resolved "https://registry.yarnpkg.com/uuid/-/uuid-7.0.3.tgz#c5c9f2c8cf25dc0a372c4df1441c41f5bd0c680b"
-  integrity sha512-DPSke0pXhTZgoF/d+WSt2QaKMCFSfx7QegxEWT+JOuHF5aWrKEn0G+ztjuJg/gG8/ItK+rbPCD/yNv8yyih6Cg==
-
 uuid@^8.3.2:
   version "8.3.2"
   resolved "https://registry.yarnpkg.com/uuid/-/uuid-8.3.2.tgz#80d5b5ced271bb9af6c445f21a1a04c606cefbe2"