diff --git a/plugins/woocommerce/composer.json b/plugins/woocommerce/composer.json
index fec0261dce0..724ceacc5a4 100644
--- a/plugins/woocommerce/composer.json
+++ b/plugins/woocommerce/composer.json
@@ -20,7 +20,7 @@
 		"maxmind-db/reader": "1.6.0",
 		"pelago/emogrifier": "3.1.0",
 		"psr/container": "1.0.0",
-		"woocommerce/action-scheduler": "3.3.0",
+		"woocommerce/action-scheduler": "3.4.0",
 		"woocommerce/woocommerce-admin": "2.9.0-rc.2",
 		"woocommerce/woocommerce-blocks": "6.3.2"
 	},
diff --git a/plugins/woocommerce/composer.lock b/plugins/woocommerce/composer.lock
index 5acea642ea3..15a79982ec3 100644
--- a/plugins/woocommerce/composer.lock
+++ b/plugins/woocommerce/composer.lock
@@ -4,7 +4,7 @@
         "Read more about it at https://getcomposer.org/doc/01-basic-usage.md#installing-dependencies",
         "This file is @generated automatically"
     ],
-    "content-hash": "83379234b653f45a89537a0bb470eb69",
+    "content-hash": "4afa095b5f44c8291138ab8c91548716",
     "packages": [
         {
             "name": "automattic/jetpack-autoloader",
@@ -503,22 +503,23 @@
         },
         {
             "name": "woocommerce/action-scheduler",
-            "version": "3.3.0",
+            "version": "3.4.0",
             "source": {
                 "type": "git",
                 "url": "https://github.com/woocommerce/action-scheduler.git",
-                "reference": "5588a831cd2453ecf7d4803f3a81063e13cde93d"
+                "reference": "3218a33ff14b968f8cb05de9656c2efa1eeb1330"
             },
             "dist": {
                 "type": "zip",
-                "url": "https://api.github.com/repos/woocommerce/action-scheduler/zipball/5588a831cd2453ecf7d4803f3a81063e13cde93d",
-                "reference": "5588a831cd2453ecf7d4803f3a81063e13cde93d",
+                "url": "https://api.github.com/repos/woocommerce/action-scheduler/zipball/3218a33ff14b968f8cb05de9656c2efa1eeb1330",
+                "reference": "3218a33ff14b968f8cb05de9656c2efa1eeb1330",
                 "shasum": ""
             },
             "require-dev": {
                 "phpunit/phpunit": "^7.5",
                 "woocommerce/woocommerce-sniffs": "0.1.0",
-                "wp-cli/wp-cli": "~2.5.0"
+                "wp-cli/wp-cli": "~2.5.0",
+                "yoast/phpunit-polyfills": "^1.0"
             },
             "type": "wordpress-plugin",
             "extra": {
@@ -536,9 +537,9 @@
             "homepage": "https://actionscheduler.org/",
             "support": {
                 "issues": "https://github.com/woocommerce/action-scheduler/issues",
-                "source": "https://github.com/woocommerce/action-scheduler/tree/3.3.0"
+                "source": "https://github.com/woocommerce/action-scheduler/tree/3.4.0"
             },
-            "time": "2021-09-15T21:08:48+00:00"
+            "time": "2021-10-28T17:09:12+00:00"
         },
         {
             "name": "woocommerce/woocommerce-admin",