diff --git a/.circleci/config.yml b/.circleci/config.yml
index f0b5dfa522a..07ac686dc10 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -432,7 +432,7 @@ jobs:
   test_aio_local:
     executor: default-executor
     environment:
-      RXJS_VERSION_7: '7.3.1'
+      RXJS_VERSION_7: '7.4.0'
     steps:
       - custom_attach_workspace
       - init_environment
@@ -477,7 +477,7 @@ jobs:
       resource_class: xlarge
     parallelism: 5
     environment:
-      RXJS_VERSION_7: '7.3.1'
+      RXJS_VERSION_7: '7.4.0'
     steps:
       - custom_attach_workspace
       - init_environment
diff --git a/aio/package.json b/aio/package.json
index 14e6bd0a818..c134732e532 100644
--- a/aio/package.json
+++ b/aio/package.json
@@ -98,7 +98,7 @@
     "@angular/router": "13.0.0-next.9",
     "@angular/service-worker": "13.0.0-next.9",
     "@webcomponents/custom-elements": "1.5.0",
-    "rxjs": "~7.3.0",
+    "rxjs": "~7.4.0",
     "safevalues": "^0.1.8",
     "tslib": "^2.3.0",
     "zone.js": "~0.11.4"
diff --git a/aio/yarn.lock b/aio/yarn.lock
index c930e218c7d..e1fe36b9742 100644
--- a/aio/yarn.lock
+++ b/aio/yarn.lock
@@ -10280,10 +10280,10 @@ rxjs@^7.2.0:
   dependencies:
     tslib "~2.1.0"
 
-rxjs@~7.3.0:
-  version "7.3.1"
-  resolved "https://registry.yarnpkg.com/rxjs/-/rxjs-7.3.1.tgz#cc375521f9e238b474fe552b0b9fd1be33d08099"
-  integrity sha512-vNenx7gqjPyeKpRnM6S5Ksm/oFTRijWWzYlRON04KaehZ3YjDwEmVjGUGo0TKWVjeNXOujVRlh0K1drUbcdPkw==
+rxjs@~7.4.0:
+  version "7.4.0"
+  resolved "https://registry.yarnpkg.com/rxjs/-/rxjs-7.4.0.tgz#a12a44d7eebf016f5ff2441b87f28c9a51cebc68"
+  integrity sha512-7SQDi7xeTMCJpqViXh8gL/lebcwlp3d831F05+9B44A4B0WfsEwUQHR64gsH1kvJ+Ep/J9K2+n1hVl1CsGN23w==
   dependencies:
     tslib "~2.1.0"
 
diff --git a/integration/typings_test_rxjs7/package.json b/integration/typings_test_rxjs7/package.json
index 4161f8d00ad..bffd204b79d 100644
--- a/integration/typings_test_rxjs7/package.json
+++ b/integration/typings_test_rxjs7/package.json
@@ -18,11 +18,11 @@
     "@angular/service-worker": "file:../../dist/packages-dist/service-worker",
     "@angular/upgrade": "file:../../dist/packages-dist/upgrade",
     "@types/jasmine": "file:../../node_modules/@types/jasmine",
-    "rxjs": "^7.3.0",
+    "rxjs": "^7.4.0",
     "typescript": "file:../../node_modules/typescript",
     "zone.js": "file:../../dist/zone.js-dist/archive/zone.js.tgz"
   },
   "scripts": {
     "test": "tsc"
   }
-}
+}
\ No newline at end of file
diff --git a/packages/common/package.json b/packages/common/package.json
index 886a2ae7d42..67d10196036 100644
--- a/packages/common/package.json
+++ b/packages/common/package.json
@@ -21,7 +21,7 @@
   },
   "peerDependencies": {
     "@angular/core": "0.0.0-PLACEHOLDER",
-    "rxjs": "^6.5.3 || ^7.0.0"
+    "rxjs": "^6.5.3 || ^7.4.0"
   },
   "repository": {
     "type": "git",
@@ -35,4 +35,4 @@
     "**/global/*.js",
     "**/closure-locale.*"
   ]
-}
+}
\ No newline at end of file
diff --git a/packages/core/package.json b/packages/core/package.json
index f247c96a9e9..fce5183a7c6 100644
--- a/packages/core/package.json
+++ b/packages/core/package.json
@@ -16,7 +16,7 @@
     "tslib": "^2.3.0"
   },
   "peerDependencies": {
-    "rxjs": "^6.5.3 || ^7.0.0",
+    "rxjs": "^6.5.3 || ^7.4.0",
     "zone.js": "~0.11.4"
   },
   "repository": {
@@ -29,4 +29,4 @@
     "packageGroup": "NG_UPDATE_PACKAGE_GROUP"
   },
   "sideEffects": false
-}
+}
\ No newline at end of file
diff --git a/packages/elements/package.json b/packages/elements/package.json
index 1d469f3f8b1..6e777093278 100644
--- a/packages/elements/package.json
+++ b/packages/elements/package.json
@@ -13,7 +13,7 @@
   "peerDependencies": {
     "@angular/core": "0.0.0-PLACEHOLDER",
     "@angular/platform-browser": "0.0.0-PLACEHOLDER",
-    "rxjs": "^6.5.3 || ^7.0.0"
+    "rxjs": "^6.5.3 || ^7.4.0"
   },
   "repository": {
     "type": "git",
@@ -25,4 +25,4 @@
   },
   "sideEffects": false,
   "schematics": "./schematics/collection.json"
-}
+}
\ No newline at end of file
diff --git a/packages/forms/package.json b/packages/forms/package.json
index 66bf6db4572..27d5751419e 100644
--- a/packages/forms/package.json
+++ b/packages/forms/package.json
@@ -14,7 +14,7 @@
     "@angular/core": "0.0.0-PLACEHOLDER",
     "@angular/common": "0.0.0-PLACEHOLDER",
     "@angular/platform-browser": "0.0.0-PLACEHOLDER",
-    "rxjs": "^6.5.3 || ^7.0.0"
+    "rxjs": "^6.5.3 || ^7.4.0"
   },
   "repository": {
     "type": "git",
@@ -25,4 +25,4 @@
     "packageGroup": "NG_UPDATE_PACKAGE_GROUP"
   },
   "sideEffects": false
-}
+}
\ No newline at end of file
diff --git a/packages/misc/angular-in-memory-web-api/package.json b/packages/misc/angular-in-memory-web-api/package.json
index f5440c984a7..8abbad23ded 100644
--- a/packages/misc/angular-in-memory-web-api/package.json
+++ b/packages/misc/angular-in-memory-web-api/package.json
@@ -7,7 +7,7 @@
   "peerDependencies": {
     "@angular/core": "^12.0.0",
     "@angular/common": "^12.0.0",
-    "rxjs": "^6.5.3 || ^7.0.0"
+    "rxjs": "^6.5.3 || ^7.4.0"
   },
   "dependencies": {
     "tslib": "^2.3.0"
@@ -19,6 +19,6 @@
   },
   "sideEffects": false,
   "publishConfig": {
-    "registry":"https://wombat-dressing-room.appspot.com"
+    "registry": "https://wombat-dressing-room.appspot.com"
   }
-}
+}
\ No newline at end of file
diff --git a/packages/router/package.json b/packages/router/package.json
index 34dfea4c178..021bf33d152 100644
--- a/packages/router/package.json
+++ b/packages/router/package.json
@@ -27,10 +27,10 @@
     "@angular/core": "0.0.0-PLACEHOLDER",
     "@angular/common": "0.0.0-PLACEHOLDER",
     "@angular/platform-browser": "0.0.0-PLACEHOLDER",
-    "rxjs": "^6.5.3 || ^7.0.0"
+    "rxjs": "^6.5.3 || ^7.4.0"
   },
   "ng-update": {
     "packageGroup": "NG_UPDATE_PACKAGE_GROUP"
   },
   "sideEffects": false
-}
+}
\ No newline at end of file