diff --git a/plugins/woocommerce/changelog/50962-dont-update-transient-with-same-data b/plugins/woocommerce/changelog/50962-dont-update-transient-with-same-data
new file mode 100644
index 00000000000..6a83f4fd019
--- /dev/null
+++ b/plugins/woocommerce/changelog/50962-dont-update-transient-with-same-data
@@ -0,0 +1,4 @@
+Significance: patch
+Type: performance
+
+Don't update the script data transient for the same data
\ No newline at end of file
diff --git a/plugins/woocommerce/src/Blocks/Assets/Api.php b/plugins/woocommerce/src/Blocks/Assets/Api.php
index 56f3a67f55d..9b191724bdb 100644
--- a/plugins/woocommerce/src/Blocks/Assets/Api.php
+++ b/plugins/woocommerce/src/Blocks/Assets/Api.php
@@ -41,6 +41,13 @@ class Api {
 	 */
 	private $script_data = null;
 
+	/**
+	 * Tracks whether script_data was modified during the current request.
+	 *
+	 * @var boolean
+	 */
+	private $script_data_modified = false;
+
 	/**
 	 * Stores the hash for the script data, made up of the site url, plugin version and package path.
 	 *
@@ -171,6 +178,9 @@ class Api {
 		if ( is_null( $this->script_data ) || $this->disable_cache ) {
 			return;
 		}
+		if ( ! $this->script_data_modified ) {
+			return;
+		}
 		set_transient(
 			$this->script_data_transient_key,
 			wp_json_encode(
@@ -216,6 +226,7 @@ class Api {
 				'version'      => ! empty( $asset['version'] ) ? $asset['version'] : $this->get_file_version( $relative_src ),
 				'dependencies' => ! empty( $asset['dependencies'] ) ? $asset['dependencies'] : [],
 			);
+			$this->script_data_modified         = true;
 		}
 
 		// Return asset details as well as the requested dependencies array.