diff --git a/apps/vr-tests/package.json b/apps/vr-tests/package.json
index 0b0b0ea3f7b0b1..4e2294604b2f4a 100644
--- a/apps/vr-tests/package.json
+++ b/apps/vr-tests/package.json
@@ -31,7 +31,7 @@
     "@fluentui/react-divider": "9.0.0-beta.4",
     "@fluentui/react-experiments": "^8.4.4",
     "@fluentui/react-hooks": "^8.3.7",
-    "@fluentui/react-icons": "^2.0.152-beta.3",
+    "@fluentui/react-icons": "^2.0.154-beta.5",
     "@fluentui/react-icons-mdl2": "^1.2.9",
     "@fluentui/react-image": "9.0.0-beta.4",
     "@fluentui/react-input": "9.0.0-beta.0",
diff --git a/change/@fluentui-react-avatar-5913daa5-a752-4634-a4fc-9cb82d3bf6c5.json b/change/@fluentui-react-avatar-5913daa5-a752-4634-a4fc-9cb82d3bf6c5.json
new file mode 100644
index 00000000000000..1917d45b29105b
--- /dev/null
+++ b/change/@fluentui-react-avatar-5913daa5-a752-4634-a4fc-9cb82d3bf6c5.json
@@ -0,0 +1,7 @@
+{
+  "type": "prerelease",
+  "comment": "(fix): Update react-icons dependency to latest version",
+  "packageName": "@fluentui/react-avatar",
+  "email": "ololubek@microsoft.com",
+  "dependentChangeType": "patch"
+}
diff --git a/change/@fluentui-react-badge-4af8f9ac-5d4f-4b60-b464-4926f7206729.json b/change/@fluentui-react-badge-4af8f9ac-5d4f-4b60-b464-4926f7206729.json
new file mode 100644
index 00000000000000..620f20cdc5beeb
--- /dev/null
+++ b/change/@fluentui-react-badge-4af8f9ac-5d4f-4b60-b464-4926f7206729.json
@@ -0,0 +1,7 @@
+{
+  "type": "prerelease",
+  "comment": "(fix): Update react-icons dependency to latest version",
+  "packageName": "@fluentui/react-badge",
+  "email": "ololubek@microsoft.com",
+  "dependentChangeType": "patch"
+}
diff --git a/change/@fluentui-react-button-29cba249-20e7-4515-9511-eaac97d1f483.json b/change/@fluentui-react-button-29cba249-20e7-4515-9511-eaac97d1f483.json
new file mode 100644
index 00000000000000..85db2a0ded35e9
--- /dev/null
+++ b/change/@fluentui-react-button-29cba249-20e7-4515-9511-eaac97d1f483.json
@@ -0,0 +1,7 @@
+{
+  "type": "prerelease",
+  "comment": "(fix): Update react-icons dependency to latest version",
+  "packageName": "@fluentui/react-button",
+  "email": "ololubek@microsoft.com",
+  "dependentChangeType": "patch"
+}
diff --git a/change/@fluentui-react-menu-d9b582d2-102c-4400-856b-03eaec30ce4b.json b/change/@fluentui-react-menu-d9b582d2-102c-4400-856b-03eaec30ce4b.json
new file mode 100644
index 00000000000000..0e228b49c64202
--- /dev/null
+++ b/change/@fluentui-react-menu-d9b582d2-102c-4400-856b-03eaec30ce4b.json
@@ -0,0 +1,7 @@
+{
+  "type": "prerelease",
+  "comment": "(fix): Update react-icons dependency to latest version",
+  "packageName": "@fluentui/react-menu",
+  "email": "ololubek@microsoft.com",
+  "dependentChangeType": "patch"
+}
diff --git a/package.json b/package.json
index 41cf5d72398758..e30fd11e32466c 100644
--- a/package.json
+++ b/package.json
@@ -85,7 +85,7 @@
     "@babel/register": "7.14.5",
     "@babel/standalone": "7.14.8",
     "@ctrl/tinycolor": "3.3.4",
-    "@fluentui/react-icons": "^2.0.152-beta.3",
+    "@fluentui/react-icons": "^2.0.154-beta.5",
     "@microsoft/api-extractor": "7.18.1",
     "@nrwl/cli": "12.5.9",
     "@nrwl/devkit": "12.5.9",
diff --git a/packages/react-avatar/package.json b/packages/react-avatar/package.json
index c4d420bf7e285a..4719eab7813c6d 100644
--- a/packages/react-avatar/package.json
+++ b/packages/react-avatar/package.json
@@ -46,7 +46,7 @@
   },
   "dependencies": {
     "@fluentui/react-badge": "9.0.0-beta.4",
-    "@fluentui/react-icons": "^2.0.152-beta.3",
+    "@fluentui/react-icons": "^2.0.154-beta.5",
     "@fluentui/react-make-styles": "9.0.0-beta.4",
     "@fluentui/react-theme": "9.0.0-beta.4",
     "@fluentui/react-utilities": "9.0.0-beta.4",
diff --git a/packages/react-badge/package.json b/packages/react-badge/package.json
index 5b988df33ea63f..2a3e7d4209be3f 100644
--- a/packages/react-badge/package.json
+++ b/packages/react-badge/package.json
@@ -44,7 +44,7 @@
     "react-test-renderer": "^16.3.0"
   },
   "dependencies": {
-    "@fluentui/react-icons": "^2.0.152-beta.3",
+    "@fluentui/react-icons": "^2.0.154-beta.5",
     "@fluentui/react-make-styles": "9.0.0-beta.4",
     "@fluentui/react-theme": "9.0.0-beta.4",
     "@fluentui/react-utilities": "9.0.0-beta.4",
diff --git a/packages/react-button/package.json b/packages/react-button/package.json
index c393b6c4e60204..792b9ef26e4404 100644
--- a/packages/react-button/package.json
+++ b/packages/react-button/package.json
@@ -47,7 +47,7 @@
   "dependencies": {
     "@fluentui/keyboard-keys": "9.0.0-beta.1",
     "@fluentui/react-aria": "9.0.0-beta.4",
-    "@fluentui/react-icons": "^2.0.152-beta.3",
+    "@fluentui/react-icons": "^2.0.154-beta.5",
     "@fluentui/react-make-styles": "9.0.0-beta.4",
     "@fluentui/react-tabster": "9.0.0-beta.5",
     "@fluentui/react-utilities": "9.0.0-beta.4",
diff --git a/packages/react-menu/package.json b/packages/react-menu/package.json
index 3bb48e22682dc9..3196d477da9039 100644
--- a/packages/react-menu/package.json
+++ b/packages/react-menu/package.json
@@ -47,7 +47,7 @@
   "dependencies": {
     "@fluentui/keyboard-keys": "9.0.0-beta.1",
     "@fluentui/react-context-selector": "9.0.0-beta.4",
-    "@fluentui/react-icons": "^2.0.152-beta.3",
+    "@fluentui/react-icons": "^2.0.154-beta.5",
     "@fluentui/react-make-styles": "9.0.0-beta.4",
     "@fluentui/react-portal": "9.0.0-beta.5",
     "@fluentui/react-positioning": "9.0.0-beta.4",
diff --git a/yarn.lock b/yarn.lock
index 7dd8fd0e8a6f90..a41ab329222eff 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1615,10 +1615,10 @@
     "@uifabric/set-version" "^7.0.23"
     tslib "^1.10.0"
 
-"@fluentui/react-icons@^2.0.152-beta.3":
-  version "2.0.152-beta.3"
-  resolved "https://registry.yarnpkg.com/@fluentui/react-icons/-/react-icons-2.0.152-beta.3.tgz#b1b7c8c2ae131c47a850e792997e46b44604fdd6"
-  integrity sha512-RsNriRJyj+jyhFBqJerFNmRsO1KMBRhxiDPz6eAUSDFsEgaKNKxU+gmS00E9EyV10SxKX15QGQgABF/gofRYFw==
+"@fluentui/react-icons@^2.0.154-beta.5":
+  version "2.0.154-beta.5"
+  resolved "https://registry.yarnpkg.com/@fluentui/react-icons/-/react-icons-2.0.154-beta.5.tgz#6266d5fa1048bf9b3bffc461dc40e02862ac5cd3"
+  integrity sha512-U+bdvX1BZELUEN5MK4BX7H35p92Kyt/M+26PWJG/gvc2KCgpfFTFedBXjABKEf1Jo8wIcQl8VWciKSkpzhUaQw==
 
 "@gulp-sourcemaps/identity-map@1.X":
   version "1.0.2"