diff --git a/.flowconfig b/.flowconfig
index ce2d61f1e11..428b5207bc4 100644
--- a/.flowconfig
+++ b/.flowconfig
@@ -85,4 +85,4 @@ untyped-import
 untyped-type-import
 
 [version]
-^0.120.0
+^0.121.0
diff --git a/.flowconfig.android b/.flowconfig.android
index e57aad78899..f2345391df5 100644
--- a/.flowconfig.android
+++ b/.flowconfig.android
@@ -85,4 +85,4 @@ untyped-import
 untyped-type-import
 
 [version]
-^0.120.0
+^0.121.0
diff --git a/package.json b/package.json
index 2d0afaf21f0..c3d178ff83c 100644
--- a/package.json
+++ b/package.json
@@ -138,7 +138,7 @@
     "eslint-plugin-react-hooks": "^2.0.1",
     "eslint-plugin-react-native": "3.8.1",
     "eslint-plugin-relay": "1.7.0",
-    "flow-bin": "^0.120.1",
+    "flow-bin": "^0.121.0",
     "flow-remove-types": "1.2.3",
     "jest": "^24.9.0",
     "jest-junit": "^6.3.0",
diff --git a/template/_flowconfig b/template/_flowconfig
index 9c084b2a19a..6a4a358c7e6 100644
--- a/template/_flowconfig
+++ b/template/_flowconfig
@@ -70,4 +70,4 @@ untyped-import
 untyped-type-import
 
 [version]
-^0.120.0
+^0.121.0
diff --git a/yarn.lock b/yarn.lock
index bf6f0bce282..900e5dc7124 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -3564,10 +3564,10 @@ flat-cache@^1.2.1:
     rimraf "~2.6.2"
     write "^0.2.1"
 
-flow-bin@^0.120.1:
-  version "0.120.1"
-  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.120.1.tgz#ab051d6df71829b70a26a2c90bb81f9d43797cae"
-  integrity sha512-KgE+d+rKzdXzhweYVJty1QIOOZTTbtnXZf+4SLnmArLvmdfeLreQOZpeLbtq5h79m7HhDzX/HkUkoyu/fmSC2A==
+flow-bin@^0.121.0:
+  version "0.121.0"
+  resolved "https://registry.yarnpkg.com/flow-bin/-/flow-bin-0.121.0.tgz#e206bdc3d510277f9a847920540f72c49e87c130"
+  integrity sha512-QYRMs+AoMLj/OTaSo9+8c3kzM/u8YgvfrInp0qzhtzC02Sc2jb3BV/QZWZGjPo+XK3twyyqXrcI3s8MuL1UQRg==
 
 flow-parser@0.*:
   version "0.89.0"