diff --git a/plugins/woocommerce/changelog/46277-update-action-scheduler-3.7.4 b/plugins/woocommerce/changelog/46277-update-action-scheduler-3.7.4
new file mode 100644
index 00000000000..a3939d40e64
--- /dev/null
+++ b/plugins/woocommerce/changelog/46277-update-action-scheduler-3.7.4
@@ -0,0 +1,4 @@
+Significance: minor
+Type: update
+
+Update Action Scheduler to 3.7.4
\ No newline at end of file
diff --git a/plugins/woocommerce/composer.json b/plugins/woocommerce/composer.json
index 0ad8e809b60..a7b0244753d 100644
--- a/plugins/woocommerce/composer.json
+++ b/plugins/woocommerce/composer.json
@@ -26,7 +26,7 @@
 		"composer/installers": "^1.9",
 		"maxmind-db/reader": "^1.11",
 		"pelago/emogrifier": "^6.0",
-		"woocommerce/action-scheduler": "3.7.3"
+		"woocommerce/action-scheduler": "3.7.4"
 	},
 	"require-dev": {
 		"automattic/jetpack-changelogger": "^3.3.0",
diff --git a/plugins/woocommerce/composer.lock b/plugins/woocommerce/composer.lock
index f8eeb1df1de..51cdcf7df3e 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": "3ea8f25a84a9c9701a5d7df93de87ba2",
+    "content-hash": "12ea33bcea6a641c43d24712adc9f0b6",
     "packages": [
         {
             "name": "automattic/jetpack-a8c-mc-stats",
@@ -960,16 +960,16 @@
         },
         {
             "name": "woocommerce/action-scheduler",
-            "version": "3.7.3",
+            "version": "3.7.4",
             "source": {
                 "type": "git",
                 "url": "https://github.com/woocommerce/action-scheduler.git",
-                "reference": "8aa895a6edfeb92f40d6eddc9dfc35df65da38ae"
+                "reference": "5fb655253dc004bb7a6d840da807f0949aea8bcd"
             },
             "dist": {
                 "type": "zip",
-                "url": "https://api.github.com/repos/woocommerce/action-scheduler/zipball/8aa895a6edfeb92f40d6eddc9dfc35df65da38ae",
-                "reference": "8aa895a6edfeb92f40d6eddc9dfc35df65da38ae",
+                "url": "https://api.github.com/repos/woocommerce/action-scheduler/zipball/5fb655253dc004bb7a6d840da807f0949aea8bcd",
+                "reference": "5fb655253dc004bb7a6d840da807f0949aea8bcd",
                 "shasum": ""
             },
             "require": {
@@ -997,9 +997,9 @@
             "homepage": "https://actionscheduler.org/",
             "support": {
                 "issues": "https://github.com/woocommerce/action-scheduler/issues",
-                "source": "https://github.com/woocommerce/action-scheduler/tree/3.7.3"
+                "source": "https://github.com/woocommerce/action-scheduler/tree/3.7.4"
             },
-            "time": "2024-03-20T10:16:56+00:00"
+            "time": "2024-04-05T14:42:07+00:00"
         }
     ],
     "packages-dev": [
@@ -4620,7 +4620,7 @@
         },
         {
             "name": "woocommerce/monorepo-plugin",
-            "version": "dev-update/action-scheduler-3.7.3",
+            "version": "dev-update/action-scheduler-3.7.4",
             "dist": {
                 "type": "path",
                 "url": "../../packages/php/monorepo-plugin",