diff --git a/src/CONST.ts b/src/CONST.ts
index 7a8635895071..4d466dc3602b 100755
--- a/src/CONST.ts
+++ b/src/CONST.ts
@@ -1648,6 +1648,7 @@ const CONST = {
         LOCATION_UPDATE_INTERVAL: 5000,
         PLAY_SOUND_MESSAGE_DEBOUNCE_TIME: 500,
         SKELETON_ANIMATION_SPEED: 3,
+        SEARCH_OPTIONS_COMPARISON: 'search_options_comparison',
     },
     PRIORITY_MODE: {
         GSD: 'gsd',
diff --git a/src/hooks/useFastSearchFromOptions.ts b/src/hooks/useFastSearchFromOptions.ts
index 41bb4f08965e..fad0e8873c86 100644
--- a/src/hooks/useFastSearchFromOptions.ts
+++ b/src/hooks/useFastSearchFromOptions.ts
@@ -1,10 +1,13 @@
 import deburr from 'lodash/deburr';
-import {useCallback, useEffect, useState} from 'react';
+import {useCallback, useEffect, useRef, useState} from 'react';
+import Timing from '@libs/actions/Timing';
 import FastSearch from '@libs/FastSearch';
 import type {Options as OptionsListType, ReportAndPersonalDetailOptions} from '@libs/OptionsListUtils';
 import {filterUserToInvite, isSearchStringMatch} from '@libs/OptionsListUtils';
+import Performance from '@libs/Performance';
 import type {OptionData} from '@libs/ReportUtils';
 import StringUtils from '@libs/StringUtils';
+import CONST from '@src/CONST';
 
 type AllOrSelectiveOptions = ReportAndPersonalDetailOptions | OptionsListType;
 
@@ -36,8 +39,17 @@ function useFastSearchFromOptions(
     {includeUserToInvite}: Options = {includeUserToInvite: false},
 ): (searchInput: string) => AllOrSelectiveOptions {
     const [fastSearch, setFastSearch] = useState<ReturnType<typeof FastSearch.createFastSearch<OptionData>> | null>(null);
+    const prevOptionsRef = useRef<typeof options | null>(null);
+    const prevFastSearchRef = useRef<ReturnType<typeof FastSearch.createFastSearch<OptionData>> | null>(null);
 
     useEffect(() => {
+        const prevOptions = prevOptionsRef.current;
+
+        if (prevOptions && shallowCompareOptions(prevOptions, options)) {
+            return;
+        }
+        prevOptionsRef.current = options;
+        prevFastSearchRef.current?.dispose();
         const newFastSearch = FastSearch.createFastSearch([
             {
                 data: options.personalDetails,
@@ -67,10 +79,11 @@ function useFastSearchFromOptions(
             },
         ]);
         setFastSearch(newFastSearch);
-
-        return () => newFastSearch.dispose();
+        prevFastSearchRef.current = newFastSearch;
     }, [options]);
 
+    useEffect(() => () => prevFastSearchRef.current?.dispose(), []);
+
     const findInSearchTree = useCallback(
         (searchInput: string): AllOrSelectiveOptions => {
             if (!fastSearch) {
@@ -122,4 +135,40 @@ function useFastSearchFromOptions(
     return findInSearchTree;
 }
 
+/**
+ * Compares two ReportAndPersonalDetailOptions objects shallowly.
+ * @returns true if the options are shallowly equal, false otherwise.
+ */
+function shallowCompareOptions(prev: ReportAndPersonalDetailOptions, next: ReportAndPersonalDetailOptions): boolean {
+    if (!prev || !next) {
+        return false;
+    }
+
+    // Compare lengths first
+    if (prev.personalDetails.length !== next.personalDetails.length || prev.recentReports.length !== next.recentReports.length) {
+        return false;
+    }
+    Timing.start(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+    Performance.markStart(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+
+    for (let i = 0; i < prev.personalDetails.length; i++) {
+        if (prev.personalDetails.at(i)?.keyForList !== next.personalDetails.at(i)?.keyForList) {
+            Timing.end(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+            Performance.markEnd(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+            return false;
+        }
+    }
+
+    for (let i = 0; i < prev.recentReports.length; i++) {
+        if (prev.recentReports.at(i)?.keyForList !== next.recentReports.at(i)?.keyForList) {
+            Timing.end(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+            Performance.markEnd(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+            return false;
+        }
+    }
+    Timing.end(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+    Performance.markEnd(CONST.TIMING.SEARCH_OPTIONS_COMPARISON);
+    return true;
+}
+
 export default useFastSearchFromOptions;