diff --git a/packages/react-native/Libraries/Animated/nodes/AnimatedObject.js b/packages/react-native/Libraries/Animated/nodes/AnimatedObject.js
index 2f3ff765de60..10988615bbb5 100644
--- a/packages/react-native/Libraries/Animated/nodes/AnimatedObject.js
+++ b/packages/react-native/Libraries/Animated/nodes/AnimatedObject.js
@@ -19,9 +19,11 @@ import * as React from 'react';
 
 const MAX_DEPTH = 5;
 
-/* $FlowIssue[incompatible-type-guard] - Flow does not know that the prototype
-   and ReactElement checks preserve the type refinement of `value`. */
-function isPlainObject(value: mixed): value is $ReadOnly<{[string]: mixed}> {
+export function isPlainObject(
+  value: mixed,
+  /* $FlowIssue[incompatible-type-guard] - Flow does not know that the prototype
+     and ReactElement checks preserve the type refinement of `value`. */
+): value is $ReadOnly<{[string]: mixed}> {
   return (
     value !== null &&
     typeof value === 'object' &&
@@ -109,6 +111,14 @@ export default class AnimatedObject extends AnimatedWithChildren {
     });
   }
 
+  __getValueWithStaticObject(staticObject: mixed): any {
+    const nodes = this.#nodes;
+    let index = 0;
+    // NOTE: We can depend on `this._value` and `staticObject` sharing a
+    // structure because of `useAnimatedPropsMemo`.
+    return mapAnimatedNodes(staticObject, () => nodes[index++].__getValue());
+  }
+
   __getAnimatedValue(): any {
     return mapAnimatedNodes(this._value, node => {
       return node.__getAnimatedValue();
diff --git a/packages/react-native/Libraries/Animated/nodes/AnimatedProps.js b/packages/react-native/Libraries/Animated/nodes/AnimatedProps.js
index 83709c6640af..46523cded66c 100644
--- a/packages/react-native/Libraries/Animated/nodes/AnimatedProps.js
+++ b/packages/react-native/Libraries/Animated/nodes/AnimatedProps.js
@@ -113,6 +113,31 @@ export default class AnimatedProps extends AnimatedNode {
     return props;
   }
 
+  /**
+   * Creates a new `props` object that contains the same props as the supplied
+   * `staticProps` object, except with animated nodes for any props that were
+   * created by this `AnimatedProps` instance.
+   */
+  __getValueWithStaticProps(staticProps: Object): Object {
+    const props: {[string]: mixed} = {...staticProps};
+
+    const keys = Object.keys(staticProps);
+    for (let ii = 0, length = keys.length; ii < length; ii++) {
+      const key = keys[ii];
+      const maybeNode = this.#props[key];
+
+      if (key === 'style' && maybeNode instanceof AnimatedStyle) {
+        props[key] = maybeNode.__getValueWithStaticStyle(staticProps.style);
+      } else if (maybeNode instanceof AnimatedNode) {
+        props[key] = maybeNode.__getValue();
+      } else if (maybeNode instanceof AnimatedEvent) {
+        props[key] = maybeNode.__getHandler();
+      }
+    }
+
+    return props;
+  }
+
   __getAnimatedValue(): Object {
     const props: {[string]: mixed} = {};
 
diff --git a/packages/react-native/Libraries/Animated/nodes/AnimatedStyle.js b/packages/react-native/Libraries/Animated/nodes/AnimatedStyle.js
index 9086986d17a6..09f439187187 100644
--- a/packages/react-native/Libraries/Animated/nodes/AnimatedStyle.js
+++ b/packages/react-native/Libraries/Animated/nodes/AnimatedStyle.js
@@ -138,6 +138,43 @@ export default class AnimatedStyle extends AnimatedWithChildren {
     return Platform.OS === 'web' ? [this.#inputStyle, style] : style;
   }
 
+  /**
+   * Creates a new `style` object that contains the same style properties as
+   * the supplied `staticStyle` object, except with animated nodes for any
+   * style properties that were created by this `AnimatedStyle` instance.
+   */
+  __getValueWithStaticStyle(staticStyle: Object): Object | Array<Object> {
+    const flatStaticStyle = flattenStyle(staticStyle);
+    const style: {[string]: mixed} =
+      flatStaticStyle == null
+        ? {}
+        : flatStaticStyle === staticStyle
+          ? // Copy the input style, since we'll mutate it below.
+            {...flatStaticStyle}
+          : // Reuse `flatStaticStyle` if it is a newly created object.
+            flatStaticStyle;
+
+    const keys = Object.keys(style);
+    for (let ii = 0, length = keys.length; ii < length; ii++) {
+      const key = keys[ii];
+      const maybeNode = this.#style[key];
+
+      if (key === 'transform' && maybeNode instanceof AnimatedTransform) {
+        style[key] = maybeNode.__getValueWithStaticTransforms(
+          // NOTE: This check should not be necessary, but the types are not
+          // enforced as of this writing.
+          Array.isArray(style[key]) ? style[key] : [],
+        );
+      } else if (maybeNode instanceof AnimatedObject) {
+        style[key] = maybeNode.__getValueWithStaticObject(style[key]);
+      } else if (maybeNode instanceof AnimatedNode) {
+        style[key] = maybeNode.__getValue();
+      }
+    }
+
+    return Platform.OS === 'web' ? [this.#inputStyle, style] : style;
+  }
+
   __getAnimatedValue(): Object {
     const style: {[string]: mixed} = {};
 
diff --git a/packages/react-native/Libraries/Animated/nodes/AnimatedTransform.js b/packages/react-native/Libraries/Animated/nodes/AnimatedTransform.js
index 67da5be13a2d..50f484e3b76d 100644
--- a/packages/react-native/Libraries/Animated/nodes/AnimatedTransform.js
+++ b/packages/react-native/Libraries/Animated/nodes/AnimatedTransform.js
@@ -91,6 +91,18 @@ export default class AnimatedTransform extends AnimatedWithChildren {
     );
   }
 
+  __getValueWithStaticTransforms(
+    staticTransforms: $ReadOnlyArray<Object>,
+  ): $ReadOnlyArray<Object> {
+    const values = [];
+    mapTransforms(this._transforms, node => {
+      values.push(node.__getValue());
+    });
+    // NOTE: We can depend on `this._transforms` and `staticTransforms` sharing
+    // a structure because of `useAnimatedPropsMemo`.
+    return mapTransforms(staticTransforms, () => values.shift());
+  }
+
   __getAnimatedValue(): $ReadOnlyArray<Transform<any>> {
     return mapTransforms(this._transforms, animatedNode =>
       animatedNode.__getAnimatedValue(),
diff --git a/packages/react-native/Libraries/Animated/useAnimatedProps.js b/packages/react-native/Libraries/Animated/useAnimatedProps.js
index 28086bedfa6e..1093e42ae618 100644
--- a/packages/react-native/Libraries/Animated/useAnimatedProps.js
+++ b/packages/react-native/Libraries/Animated/useAnimatedProps.js
@@ -27,6 +27,7 @@ import {
   useReducer,
   useRef,
 } from 'react';
+import {useAnimatedPropsMemo} from '../../src/private/animated/useAnimatedPropsMemo';
 
 type ReducedProps<TProps> = {
   ...TProps,
@@ -40,23 +41,24 @@ type AnimatedValueListeners = Array<{
   listenerId: string,
 }>;
 
+const useMemoOrAnimatedPropsMemo =
+  ReactNativeFeatureFlags.enableAnimatedPropsMemo()
+    ? useAnimatedPropsMemo
+    : useMemo;
+
 export default function useAnimatedProps<TProps: {...}, TInstance>(
   props: TProps,
   allowlist?: ?AnimatedPropsAllowlist,
 ): [ReducedProps<TProps>, CallbackRef<TInstance | null>] {
   const [, scheduleUpdate] = useReducer<number, void>(count => count + 1, 0);
-  const onUpdateRef = useRef<?() => void>(null);
+  const onUpdateRef = useRef<(() => void) | null>(null);
   const timerRef = useRef<TimeoutID | null>(null);
 
   const allowlistIfEnabled = ReactNativeFeatureFlags.enableAnimatedAllowlist()
     ? allowlist
     : null;
 
-  // TODO: Only invalidate `node` if animated props or `style` change. In the
-  // previous implementation, we permitted `style` to override props with the
-  // same name property name as styles, so we can probably continue doing that.
-  // The ordering of other props *should* not matter.
-  const node = useMemo(
+  const node = useMemoOrAnimatedPropsMemo(
     () =>
       new AnimatedProps(
         props,
@@ -65,6 +67,7 @@ export default function useAnimatedProps<TProps: {...}, TInstance>(
       ),
     [allowlistIfEnabled, props],
   );
+
   const useNativePropsInFabric =
     ReactNativeFeatureFlags.shouldUseSetNativePropsInFabric();
   const useSetNativePropsInNativeAnimationsInFabric =
@@ -204,14 +207,19 @@ export default function useAnimatedProps<TProps: {...}, TInstance>(
   );
   const callbackRef = useRefEffect<TInstance>(refEffect);
 
-  return [reduceAnimatedProps<TProps>(node), callbackRef];
+  return [reduceAnimatedProps<TProps>(node, props), callbackRef];
 }
 
-function reduceAnimatedProps<TProps>(node: AnimatedNode): ReducedProps<TProps> {
+function reduceAnimatedProps<TProps>(
+  node: AnimatedProps,
+  props: TProps,
+): ReducedProps<TProps> {
   // Force `collapsable` to be false so that the native view is not flattened.
   // Flattened views cannot be accurately referenced by the native driver.
   return {
-    ...node.__getValue(),
+    ...(ReactNativeFeatureFlags.enableAnimatedPropsMemo()
+      ? node.__getValueWithStaticProps(props)
+      : node.__getValue()),
     collapsable: false,
   };
 }
diff --git a/packages/react-native/Libraries/__tests__/__snapshots__/public-api-test.js.snap b/packages/react-native/Libraries/__tests__/__snapshots__/public-api-test.js.snap
index a6116afa8c78..1c2e4d0c9b64 100644
--- a/packages/react-native/Libraries/__tests__/__snapshots__/public-api-test.js.snap
+++ b/packages/react-native/Libraries/__tests__/__snapshots__/public-api-test.js.snap
@@ -938,11 +938,15 @@ exports[`public API should not change unintentionally Libraries/Animated/nodes/A
 `;
 
 exports[`public API should not change unintentionally Libraries/Animated/nodes/AnimatedObject.js 1`] = `
-"declare export default class AnimatedObject extends AnimatedWithChildren {
+"declare export function isPlainObject(
+  value: mixed
+): value is $ReadOnly<{ [string]: mixed }>;
+declare export default class AnimatedObject extends AnimatedWithChildren {
   _value: mixed;
   static from(value: mixed): ?AnimatedObject;
   constructor(nodes: $ReadOnlyArray<AnimatedNode>, value: mixed): void;
   __getValue(): any;
+  __getValueWithStaticObject(staticObject: mixed): any;
   __getAnimatedValue(): any;
   __attach(): void;
   __detach(): void;
@@ -964,6 +968,7 @@ declare export default class AnimatedProps extends AnimatedNode {
     allowlist?: ?AnimatedPropsAllowlist
   ): void;
   __getValue(): Object;
+  __getValueWithStaticProps(staticProps: Object): Object;
   __getAnimatedValue(): Object;
   __attach(): void;
   __detach(): void;
@@ -992,6 +997,7 @@ declare export default class AnimatedStyle extends AnimatedWithChildren {
     inputStyle: any
   ): void;
   __getValue(): Object | Array<Object>;
+  __getValueWithStaticStyle(staticStyle: Object): Object | Array<Object>;
   __getAnimatedValue(): Object;
   __attach(): void;
   __detach(): void;
@@ -1061,6 +1067,9 @@ declare export default class AnimatedTransform extends AnimatedWithChildren {
   ): void;
   __makeNative(platformConfig: ?PlatformConfig): void;
   __getValue(): $ReadOnlyArray<Transform<any>>;
+  __getValueWithStaticTransforms(
+    staticTransforms: $ReadOnlyArray<Object>
+  ): $ReadOnlyArray<Object>;
   __getAnimatedValue(): $ReadOnlyArray<Transform<any>>;
   __attach(): void;
   __detach(): void;
diff --git a/packages/react-native/scripts/featureflags/ReactNativeFeatureFlags.config.js b/packages/react-native/scripts/featureflags/ReactNativeFeatureFlags.config.js
index f55cef723f45..69c99e11dc0a 100644
--- a/packages/react-native/scripts/featureflags/ReactNativeFeatureFlags.config.js
+++ b/packages/react-native/scripts/featureflags/ReactNativeFeatureFlags.config.js
@@ -293,6 +293,11 @@ const definitions: FeatureFlagDefinitions = {
       defaultValue: false,
       description: 'Enables Animated to skip non-allowlisted props and styles.',
     },
+    enableAnimatedPropsMemo: {
+      defaultValue: false,
+      description:
+        'Enables Animated to analyze props to minimize invalidating `AnimatedProps`.',
+    },
     enableOptimisedVirtualizedCells: {
       defaultValue: false,
       description:
diff --git a/packages/react-native/src/private/animated/__tests__/AnimatedNative-test.js b/packages/react-native/src/private/animated/__tests__/AnimatedNative-test.js
index 46a80a9dd5ed..3d9f4ac22089 100644
--- a/packages/react-native/src/private/animated/__tests__/AnimatedNative-test.js
+++ b/packages/react-native/src/private/animated/__tests__/AnimatedNative-test.js
@@ -15,9 +15,19 @@ import {createRef} from 'react';
 const {create, unmount, update} = require('../../../../jest/renderer');
 
 describe('Native Animated', () => {
-  let Animated;
-  let NativeAnimatedHelper;
-  let NativeAnimatedModule;
+  function importModules() {
+    return {
+      get Animated() {
+        return require('../../../../Libraries/Animated/Animated').default;
+      },
+      get NativeAnimatedHelper() {
+        return require('../NativeAnimatedHelper').default;
+      },
+      get ReactNativeFeatureFlags() {
+        return require('../../featureflags/ReactNativeFeatureFlags');
+      },
+    };
+  }
 
   beforeEach(() => {
     jest.resetModules();
@@ -60,13 +70,12 @@ describe('Native Animated', () => {
       stopAnimation: jest.fn(),
       stopListeningToAnimatedNodeValue: jest.fn(),
     });
-
-    Animated = require('../../../../Libraries/Animated/Animated').default;
-    NativeAnimatedHelper = require('../NativeAnimatedHelper').default;
   });
 
   describe('Animated Value', () => {
     it('proxies `setValue` correctly', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       const ref = React.createRef(null);
 
@@ -91,6 +100,8 @@ describe('Native Animated', () => {
     });
 
     it('should set offset', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       opacity.setOffset(10);
       opacity.__makeNative();
@@ -109,6 +120,8 @@ describe('Native Animated', () => {
     });
 
     it('should flatten offset', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       opacity.__makeNative();
 
@@ -125,6 +138,8 @@ describe('Native Animated', () => {
     });
 
     it('should save value on unmount', async () => {
+      const {Animated} = importModules();
+
       NativeAnimatedModule.getValue = jest.fn((tag, saveCallback) => {
         saveCallback(1);
       });
@@ -145,6 +160,8 @@ describe('Native Animated', () => {
     });
 
     it('should deduct offset when saving value on unmount', async () => {
+      const {Animated} = importModules();
+
       NativeAnimatedModule.getValue = jest.fn((tag, saveCallback) => {
         // Assume current raw value of value node is 0.5, the NativeAnimated
         // getValue API returns the sum of raw value and offset, so return 1.
@@ -167,6 +184,8 @@ describe('Native Animated', () => {
     });
 
     it('should extract offset', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       opacity.__makeNative();
 
@@ -185,6 +204,8 @@ describe('Native Animated', () => {
 
   describe('Animated Listeners', () => {
     it('should get updates', () => {
+      const {Animated, NativeAnimatedHelper} = importModules();
+
       const value1 = new Animated.Value(0);
       value1.__makeNative();
       const listener = jest.fn();
@@ -223,6 +244,8 @@ describe('Native Animated', () => {
     });
 
     it('should removeAll', () => {
+      const {Animated, NativeAnimatedHelper} = importModules();
+
       const value1 = new Animated.Value(0);
       value1.__makeNative();
       const listener = jest.fn();
@@ -253,6 +276,8 @@ describe('Native Animated', () => {
 
   describe('Animated Events', () => {
     it('should map events', async () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(0);
       value.__makeNative();
       const event = Animated.event([{nativeEvent: {state: {foo: value}}}], {
@@ -281,6 +306,8 @@ describe('Native Animated', () => {
     });
 
     it('should map AnimatedValueXY', async () => {
+      const {Animated} = importModules();
+
       const value = new Animated.ValueXY({x: 0, y: 0});
       value.__makeNative();
       const event = Animated.event([{nativeEvent: {state: value}}], {
@@ -299,6 +326,8 @@ describe('Native Animated', () => {
     });
 
     it('should throw on invalid event path', async () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(0);
       value.__makeNative();
       const event = Animated.event([{notNativeEvent: {foo: value}}], {
@@ -323,6 +352,8 @@ describe('Native Animated', () => {
     });
 
     it('should call listeners', () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(0);
       value.__makeNative();
       const listener = jest.fn();
@@ -339,6 +370,8 @@ describe('Native Animated', () => {
 
   describe('Animated Graph', () => {
     it('creates and detaches nodes', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       const root = await create(<Animated.View style={{opacity}} />);
 
@@ -379,6 +412,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid description for value, style and props nodes', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       await create(<Animated.View style={{opacity}} />);
 
@@ -403,6 +438,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for Animated.add nodes', async () => {
+      const {Animated} = importModules();
+
       const first = new Animated.Value(1);
       const second = new Animated.Value(2);
       first.__makeNative();
@@ -447,6 +484,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for Animated.subtract nodes', async () => {
+      const {Animated} = importModules();
+
       const first = new Animated.Value(2);
       const second = new Animated.Value(1);
       first.__makeNative();
@@ -491,6 +530,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for Animated.multiply nodes', async () => {
+      const {Animated} = importModules();
+
       const first = new Animated.Value(2);
       const second = new Animated.Value(1);
       first.__makeNative();
@@ -535,6 +576,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for Animated.divide nodes', async () => {
+      const {Animated} = importModules();
+
       const first = new Animated.Value(4);
       const second = new Animated.Value(2);
       first.__makeNative();
@@ -579,6 +622,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for Animated.modulo nodes', async () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(4);
       value.__makeNative();
 
@@ -613,6 +658,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for interpolate() nodes', async () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(10);
       value.__makeNative();
 
@@ -657,6 +704,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for transform nodes', async () => {
+      const {Animated} = importModules();
+
       const translateX = new Animated.Value(0);
       translateX.__makeNative();
 
@@ -685,6 +734,8 @@ describe('Native Animated', () => {
     });
 
     it('sends create operations before connect operations for multiple animated style props', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       const borderRadius = new Animated.Value(0);
       await create(<Animated.View style={{borderRadius, opacity}} />);
@@ -779,6 +830,8 @@ describe('Native Animated', () => {
     });
 
     it('sends create operations before connect operations for multiple animated transform props', async () => {
+      const {Animated} = importModules();
+
       const translateX = new Animated.Value(0);
       const translateY = new Animated.Value(0);
       await create(
@@ -901,6 +954,8 @@ describe('Native Animated', () => {
     });
 
     it('sends create operations before connect operations for multiple animated props', async () => {
+      const {Animated} = importModules();
+
       const propA = new Animated.Value(0);
       const propB = new Animated.Value(0);
       await create(<Animated.View propA={propA} propB={propB} />);
@@ -973,6 +1028,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid graph description for Animated.diffClamp nodes', async () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(2);
       value.__makeNative();
 
@@ -1007,6 +1064,8 @@ describe('Native Animated', () => {
     });
 
     it("doesn't call into native API if useNativeDriver is set to false", async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
 
       const root = await create(<Animated.View style={{opacity}} />);
@@ -1023,6 +1082,8 @@ describe('Native Animated', () => {
     });
 
     it('fails when trying to run non-native animation on native node', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       const ref = React.createRef(null);
 
@@ -1053,6 +1114,8 @@ describe('Native Animated', () => {
     });
 
     it('fails for unsupported styles', async () => {
+      const {Animated} = importModules();
+
       const left = new Animated.Value(0);
 
       await create(<Animated.View style={{left}} />);
@@ -1073,6 +1136,8 @@ describe('Native Animated', () => {
     });
 
     it('works for any `static` props and styles', async () => {
+      const {Animated} = importModules();
+
       // Passing "unsupported" props should work just fine as long as they are not animated
       const opacity = new Animated.Value(0);
       opacity.__makeNative();
@@ -1097,6 +1162,8 @@ describe('Native Animated', () => {
 
   describe('Animations', () => {
     it('sends a valid timing animation description', () => {
+      const {Animated} = importModules();
+
       const anim = new Animated.Value(0);
       Animated.timing(anim, {
         toValue: 10,
@@ -1118,6 +1185,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid spring animation description', () => {
+      const {Animated} = importModules();
+
       const anim = new Animated.Value(0);
       Animated.spring(anim, {
         toValue: 10,
@@ -1194,6 +1263,8 @@ describe('Native Animated', () => {
     });
 
     it('sends a valid decay animation description', () => {
+      const {Animated} = importModules();
+
       const anim = new Animated.Value(0);
       Animated.decay(anim, {
         velocity: 10,
@@ -1210,6 +1281,8 @@ describe('Native Animated', () => {
     });
 
     it('works with Animated.loop', () => {
+      const {Animated} = importModules();
+
       const anim = new Animated.Value(0);
       Animated.loop(
         Animated.decay(anim, {
@@ -1229,6 +1302,8 @@ describe('Native Animated', () => {
     });
 
     it('sends stopAnimation command to native', () => {
+      const {Animated} = importModules();
+
       const value = new Animated.Value(0);
       const animation = Animated.timing(value, {
         toValue: 10,
@@ -1256,6 +1331,8 @@ describe('Native Animated', () => {
     });
 
     it('calls stopAnimation callback with native value', () => {
+      const {Animated} = importModules();
+
       NativeAnimatedModule.getValue = jest.fn((tag, saveCallback) => {
         saveCallback(1);
       });
@@ -1281,7 +1358,58 @@ describe('Native Animated', () => {
   });
 
   describe('Animated Components', () => {
+    it('preserves current values on update and unmount', async () => {
+      const {ReactNativeFeatureFlags} = importModules();
+      ReactNativeFeatureFlags.override({enableAnimatedPropsMemo: () => true});
+
+      const {Animated} = importModules();
+
+      const opacity = new Animated.Value(0);
+      opacity.__makeNative();
+
+      const root = await create(<Animated.View style={{opacity}} />);
+      expect(NativeAnimatedModule.restoreDefaultValues).not.toHaveBeenCalled();
+
+      await update(root, <Animated.View style={{opacity}} />);
+      expect(NativeAnimatedModule.restoreDefaultValues).not.toHaveBeenCalled();
+
+      await unmount(root);
+      // Make sure it doesn't get called on unmount.
+      expect(NativeAnimatedModule.restoreDefaultValues).not.toHaveBeenCalled();
+    });
+
+    it('restores defaults when receiving new animated values', async () => {
+      const {ReactNativeFeatureFlags} = importModules();
+      ReactNativeFeatureFlags.override({enableAnimatedPropsMemo: () => true});
+
+      const {Animated} = importModules();
+
+      const opacityA = new Animated.Value(0);
+      const opacityB = new Animated.Value(0);
+      opacityA.__makeNative();
+      opacityB.__makeNative();
+
+      const root = await create(<Animated.View style={{opacity: opacityA}} />);
+      expect(NativeAnimatedModule.restoreDefaultValues).not.toHaveBeenCalled();
+
+      await update(root, <Animated.View style={{opacity: opacityB}} />);
+      expect(NativeAnimatedModule.restoreDefaultValues).toHaveBeenCalledTimes(
+        1,
+      );
+
+      await unmount(root);
+      // Make sure it doesn't get called on unmount.
+      expect(NativeAnimatedModule.restoreDefaultValues).toHaveBeenCalledTimes(
+        1,
+      );
+    });
+
     it('should restore default values on prop updates only', async () => {
+      const {ReactNativeFeatureFlags} = importModules();
+      ReactNativeFeatureFlags.override({enableAnimatedPropsMemo: () => false});
+
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0);
       opacity.__makeNative();
 
@@ -1301,6 +1429,8 @@ describe('Native Animated', () => {
     });
 
     it('connects the native view on mount and disconnects on unmount', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0, {useNativeDriver: true});
 
       const root = await create(<Animated.View style={{opacity}} />);
@@ -1322,6 +1452,8 @@ describe('Native Animated', () => {
     });
 
     it('reconnects the native view when the component is remounted', async () => {
+      const {Animated} = importModules();
+
       const opacity = new Animated.Value(0, {useNativeDriver: true});
       const ref = createRef();
       await create(<Animated.View ref={ref} style={{opacity}} />);
diff --git a/packages/react-native/src/private/animated/__tests__/useAnimatedPropsMemo-test.js b/packages/react-native/src/private/animated/__tests__/useAnimatedPropsMemo-test.js
new file mode 100644
index 000000000000..dbf696efa6d5
--- /dev/null
+++ b/packages/react-native/src/private/animated/__tests__/useAnimatedPropsMemo-test.js
@@ -0,0 +1,369 @@
+/**
+ * Copyright (c) Meta Platforms, Inc. and affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow strict-local
+ * @format
+ * @oncall react_native
+ */
+
+import {AnimatedEvent} from '../../../../Libraries/Animated/AnimatedEvent';
+import AnimatedValue from '../../../../Libraries/Animated/nodes/AnimatedValue';
+import {
+  createCompositeKeyForProps,
+  areCompositeKeysEqual,
+} from '../useAnimatedPropsMemo';
+
+describe('createCompositeKeyForProps', () => {
+  describe('with allowlist', () => {
+    it('excludes non-array and non-object allowlisted props', () => {
+      const props = {string: 'abc', number: 123, boolean: true, function() {}};
+      const allowlist = {
+        string: true,
+        number: true,
+        boolean: true,
+        function: true,
+      };
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual(null);
+    });
+
+    it('does not search non-allowlisted props', () => {
+      const getter = jest.fn().mockReturnValue({});
+      const props = {
+        object: {
+          // $FlowExpectedError[unsafe-getters-setters]
+          get property() {
+            return getter();
+          },
+        },
+      };
+      const allowlist = {};
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual(null);
+      expect(getter).not.toHaveBeenCalled();
+    });
+
+    it('includes allowlisted `AnimatedEvent` props at first depth', () => {
+      const props = {
+        foo: new AnimatedEvent([], {useNativeDriver: true}),
+        bar: new AnimatedEvent([], {useNativeDriver: true}),
+      };
+      const allowlist = {
+        bar: true,
+      };
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual({bar: props.bar});
+      expect(compositeKey?.bar).toBe(props.bar);
+    });
+
+    it('excludes allowlisted `AnimatedEvent` props in the `style` prop', () => {
+      const props = {
+        style: {
+          // This is invalid usage, but including for testing.
+          baz: new AnimatedEvent([], {useNativeDriver: true}),
+        },
+      };
+      const allowlist = {
+        style: {
+          baz: true,
+        },
+      };
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual(null);
+    });
+
+    it('includes allowlisted `AnimatedNode` props', () => {
+      const props = {
+        foo: new AnimatedValue(1),
+        bar: new AnimatedValue(1),
+      };
+      const allowlist = {
+        bar: true,
+      };
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual({bar: props.bar});
+      expect(compositeKey?.bar).toBe(props.bar);
+    });
+
+    it('excludes non-allowlisted `style` props', () => {
+      const props = {
+        style: {opacity: new AnimatedValue(1)},
+      };
+      const allowlist = {};
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual(null);
+    });
+
+    it('searches the `style` prop for allowlisted `AnimatedNode` instances', () => {
+      const opacity = new AnimatedValue(1);
+      const rotateY = new AnimatedValue(1);
+      const props = {
+        style: {opacity, transform: [{rotateX: 1}, {rotateY}, {rotateZ: 1}]},
+      };
+      const allowlist = {style: {transform: true}};
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual({
+        style: {
+          transform: [null, {rotateY}, null],
+        },
+      });
+      // $FlowIgnore[prop-missing]
+      expect(compositeKey?.style?.transform?.[1]?.rotateY).toBe(rotateY);
+    });
+
+    it('flattens the `style` prop before searching it', () => {
+      const opacityA = new AnimatedValue(1);
+      const opacityB = new AnimatedValue(1);
+      const props = {
+        style: [{opacity: opacityA}, {opacity: opacityB}],
+      };
+      const allowlist = {style: {opacity: true}};
+      const compositeKey = createCompositeKeyForProps(props, allowlist);
+
+      expect(compositeKey).toEqual({style: {opacity: opacityB}});
+      expect(compositeKey?.style?.opacity).toBe(opacityB);
+    });
+  });
+
+  describe('without allowlist', () => {
+    it('excludes non-array and non-object props', () => {
+      const props = {string: 'abc', number: 123, boolean: true, function() {}};
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual(null);
+    });
+
+    it('includes array props without searching them', () => {
+      const props = {array: [{letter: 'a'}, {letter: 'b'}, {letter: 'c'}]};
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual({array: props.array});
+      expect(compositeKey?.array).toBe(props.array);
+    });
+
+    it('includes object props without searching them', () => {
+      const props = {object: {foo: [1], bar: [2], baz: [3]}};
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual({object: props.object});
+      expect(compositeKey?.object).toBe(props.object);
+    });
+
+    it('includes `AnimatedEvent` props at first depth', () => {
+      const props = {
+        foo: new AnimatedEvent([], {useNativeDriver: true}),
+        object: {
+          bar: new AnimatedEvent([], {useNativeDriver: true}),
+        },
+      };
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual({
+        foo: props.foo,
+        object: props.object,
+      });
+      expect(compositeKey?.foo).toBe(props.foo);
+      expect(compositeKey?.object).toBe(props.object);
+    });
+
+    it('excludes `AnimatedEvent` props in the `style` prop', () => {
+      const props = {
+        style: {
+          // This is invalid usage, but including for testing.
+          baz: new AnimatedEvent([], {useNativeDriver: true}),
+        },
+      };
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual(null);
+    });
+
+    it('includes `AnimatedNode` props', () => {
+      const foo = new AnimatedValue(1);
+      const bar = new AnimatedValue(1);
+      const props = {foo, bar};
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual({foo, bar});
+      expect(compositeKey?.foo).toBe(foo);
+      expect(compositeKey?.bar).toBe(bar);
+    });
+
+    it('searches the `style` prop for `AnimatedNode` instances', () => {
+      const opacity = new AnimatedValue(1);
+      const rotateY = new AnimatedValue(1);
+      const props = {
+        style: {opacity, transform: [{rotateX: 1}, {rotateY}, {rotateZ: 1}]},
+      };
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual({
+        style: {
+          opacity,
+          transform: [null, {rotateY}, null],
+        },
+      });
+      expect(compositeKey?.style?.opacity).toBe(opacity);
+      // $FlowIgnore[prop-missing]
+      expect(compositeKey?.style?.transform?.[1]?.rotateY).toBe(rotateY);
+    });
+
+    it('flattens the `style` prop before searching it', () => {
+      const opacityA = new AnimatedValue(1);
+      const opacityB = new AnimatedValue(1);
+      const props = {
+        style: [{opacity: opacityA}, {opacity: opacityB}],
+      };
+      const compositeKey = createCompositeKeyForProps(props);
+
+      expect(compositeKey).toEqual({
+        style: {opacity: opacityB},
+      });
+      expect(compositeKey?.style?.opacity).toBe(opacityB);
+    });
+  });
+});
+
+describe('areCompositeKeysEqual', () => {
+  it('compares identical keys without traversal', () => {
+    const getter = jest.fn().mockReturnValue({});
+    const compositeKey = {
+      object: {
+        // $FlowExpectedError[unsafe-getters-setters]
+        get property() {
+          return getter();
+        },
+      },
+    };
+
+    expect(areCompositeKeysEqual(compositeKey, compositeKey, null)).toBe(true);
+    expect(getter).not.toHaveBeenCalled();
+  });
+
+  it('compares null keys', () => {
+    const compositeKey = {foo: new AnimatedValue(1)};
+
+    expect(areCompositeKeysEqual(null, null, null)).toBe(true);
+    expect(areCompositeKeysEqual(null, compositeKey, null)).toBe(false);
+    expect(areCompositeKeysEqual(compositeKey, null, null)).toBe(false);
+  });
+
+  it('compares keys with different lengths', () => {
+    const compositeKeyA = {foo: new AnimatedValue(1)};
+    const compositeKeyB = {
+      foo: new AnimatedValue(1),
+      bar: new AnimatedValue(1),
+    };
+
+    expect(areCompositeKeysEqual(compositeKeyA, compositeKeyB, null)).toBe(
+      false,
+    );
+    expect(areCompositeKeysEqual(compositeKeyB, compositeKeyA, null)).toBe(
+      false,
+    );
+  });
+
+  it('compares keys with `AnimatedNode` instances', () => {
+    const foo = new AnimatedValue(1);
+    const bar = new AnimatedValue(1);
+
+    expect(areCompositeKeysEqual({foo, bar}, {foo, bar}, null)).toBe(true);
+    expect(areCompositeKeysEqual({foo}, {foo: bar}, null)).toBe(false);
+  });
+
+  it('compares keys with `AnimatedEvent` instances', () => {
+    const foo = new AnimatedEvent([], {useNativeDriver: true});
+    const bar = new AnimatedEvent([], {useNativeDriver: true});
+
+    expect(areCompositeKeysEqual({foo, bar}, {foo, bar}, null)).toBe(true);
+    expect(areCompositeKeysEqual({foo}, {foo: bar}, null)).toBe(false);
+  });
+
+  it('compares keys with `style` props and identical `AnimatedNode`', () => {
+    const opacity = new AnimatedValue(1);
+    const rotateY = new AnimatedValue(1);
+    const compositeKeyA = {
+      style: {
+        opacity,
+        transform: [null, {rotateY}, null],
+      },
+    };
+    const compositeKeyB = {
+      style: {
+        opacity,
+        transform: [null, {rotateY}, null],
+      },
+    };
+
+    expect(areCompositeKeysEqual(compositeKeyA, compositeKeyB, null)).toBe(
+      true,
+    );
+    expect(areCompositeKeysEqual(compositeKeyB, compositeKeyA, null)).toBe(
+      true,
+    );
+  });
+
+  it('compares keys with `style` props and different `AnimatedNode`', () => {
+    const opacity = new AnimatedValue(1);
+    const compositeKeyA = {
+      style: {
+        opacity,
+        transform: [null, {rotateY: new AnimatedValue(1)}, null],
+      },
+    };
+    const compositeKeyB = {
+      style: {
+        opacity,
+        transform: [null, {rotateY: new AnimatedValue(1)}, null],
+      },
+    };
+
+    expect(areCompositeKeysEqual(compositeKeyA, compositeKeyB, null)).toBe(
+      false,
+    );
+    expect(areCompositeKeysEqual(compositeKeyB, compositeKeyA, null)).toBe(
+      false,
+    );
+  });
+
+  it('compares keys with arrays and objects', () => {
+    const bar = new AnimatedValue(1);
+
+    // If not in the allowlist, must be `===`.
+    expect(areCompositeKeysEqual({foo: [bar]}, {foo: [bar]}, null)).toBe(false);
+    expect(areCompositeKeysEqual({foo: {bar}}, {foo: {bar}}, null)).toBe(false);
+
+    // If in the allowlist, arrays and objects are traversed.
+    expect(areCompositeKeysEqual({foo: [bar]}, {foo: [bar]}, {foo: true})).toBe(
+      true,
+    );
+    expect(areCompositeKeysEqual({foo: {bar}}, {foo: {bar}}, {foo: true})).toBe(
+      true,
+    );
+  });
+
+  it('compares arrays with identical `AnimatedNode` at different indices', () => {
+    const bar = new AnimatedValue(1);
+
+    expect(
+      areCompositeKeysEqual({foo: [bar, null]}, {foo: [null, bar]}, null),
+    ).toBe(false);
+    expect(
+      areCompositeKeysEqual(
+        {foo: [bar, null]},
+        {foo: [null, bar]},
+        {foo: true},
+      ),
+    ).toBe(false);
+  });
+});
diff --git a/packages/react-native/src/private/animated/useAnimatedPropsMemo.js b/packages/react-native/src/private/animated/useAnimatedPropsMemo.js
new file mode 100644
index 000000000000..d3806ec44273
--- /dev/null
+++ b/packages/react-native/src/private/animated/useAnimatedPropsMemo.js
@@ -0,0 +1,349 @@
+/**
+ * Copyright (c) Meta Platforms, Inc. and affiliates.
+ *
+ * This source code is licensed under the MIT license found in the
+ * LICENSE file in the root directory of this source tree.
+ *
+ * @flow strict-local
+ * @format
+ * @oncall react_native
+ */
+
+import type AnimatedProps from '../../../Libraries/Animated/nodes/AnimatedProps';
+import type {AnimatedPropsAllowlist} from '../../../Libraries/Animated/nodes/AnimatedProps';
+import type {AnimatedStyleAllowlist} from '../../../Libraries/Animated/nodes/AnimatedStyle';
+
+import {AnimatedEvent} from '../../../Libraries/Animated/AnimatedEvent';
+import AnimatedNode from '../../../Libraries/Animated/nodes/AnimatedNode';
+import {isPlainObject} from '../../../Libraries/Animated/nodes/AnimatedObject';
+import flattenStyle from '../../../Libraries/StyleSheet/flattenStyle';
+
+import nullthrows from 'nullthrows';
+import {useMemo, useState} from 'react';
+
+type CompositeKey = {
+  style?: {[string]: CompositeKeyComponent},
+  [string]:
+    | CompositeKeyComponent
+    | AnimatedEvent
+    | $ReadOnlyArray<mixed>
+    | $ReadOnly<{[string]: mixed}>,
+};
+
+type CompositeKeyComponent =
+  | AnimatedNode
+  | Array<CompositeKeyComponent | null>
+  | {[string]: CompositeKeyComponent};
+
+type $ReadOnlyCompositeKey = $ReadOnly<{
+  style?: $ReadOnly<{[string]: CompositeKeyComponent}>,
+  [string]:
+    | $ReadOnlyCompositeKeyComponent
+    | AnimatedEvent
+    | $ReadOnlyArray<mixed>
+    | $ReadOnly<{[string]: mixed}>,
+}>;
+
+type $ReadOnlyCompositeKeyComponent =
+  | AnimatedNode
+  | $ReadOnlyArray<$ReadOnlyCompositeKeyComponent | null>
+  | $ReadOnly<{[string]: $ReadOnlyCompositeKeyComponent}>;
+
+/**
+ * A hook that returns an `AnimatedProps` object that is memoized based on the
+ * subset of `props` that are instances of `AnimatedNode` or `AnimatedEvent`.
+ */
+export function useAnimatedPropsMemo(
+  create: () => AnimatedProps,
+  // TODO: Make this two separate arguments after the experiment is over. This
+  // is only an array-like structure to make it easier to experiment with this
+  // and `useMemo`.
+  [allowlist, props]: [?AnimatedPropsAllowlist, {[string]: mixed}],
+): AnimatedProps {
+  const compositeKey = useMemo(
+    () => createCompositeKeyForProps(props, allowlist),
+    [allowlist, props],
+  );
+
+  const [state, setState] = useState<{
+    allowlist: ?AnimatedPropsAllowlist,
+    compositeKey: $ReadOnlyCompositeKey | null,
+    value: AnimatedProps,
+  }>(() => ({
+    allowlist,
+    compositeKey,
+    value: create(),
+  }));
+
+  if (
+    state.allowlist !== allowlist ||
+    !areCompositeKeysEqual(state.compositeKey, compositeKey)
+  ) {
+    setState({
+      allowlist,
+      compositeKey,
+      value: create(),
+    });
+  }
+  return state.value;
+}
+
+/**
+ * Creates a new composite key for a `props` object that can be used to detect
+ * whether a new `AnimatedProps` instance must be created.
+ *
+ * - With an allowlist, those props are searched for `AnimatedNode` instances.
+ * - Without an allowlist, `style` is searched for `AnimatedNode` instances,
+ *   but all other objects and arrays are included (not searched). We do not
+ *   search objects and arrays without an allowlist in case they are very large
+ *   data structures. We safely traverse `style` becuase it is bounded.
+ *
+ * Any `AnimatedEvent` instances at the first depth are always included.
+ *
+ * If `props` contains no `AnimatedNode` or `AnimatedEvent` instances, this
+ * returns null.
+ */
+export function createCompositeKeyForProps(
+  props: $ReadOnly<{[string]: mixed}>,
+  allowlist: ?AnimatedPropsAllowlist,
+): $ReadOnlyCompositeKey | null {
+  let compositeKey: CompositeKey | null = null;
+
+  const keys = Object.keys(props);
+  for (let ii = 0, length = keys.length; ii < length; ii++) {
+    const key = keys[ii];
+    const value = props[key];
+
+    if (allowlist == null || Object.hasOwn(allowlist, key)) {
+      let compositeKeyComponent;
+      if (key === 'style') {
+        // $FlowFixMe[incompatible-call] - `style` is a valid argument.
+        // $FlowFixMe[incompatible-type] - `flattenStyle` returns an object.
+        const flatStyle: ?{[string]: mixed} = flattenStyle(value);
+        if (flatStyle != null) {
+          compositeKeyComponent = createCompositeKeyForObject(
+            flatStyle,
+            allowlist?.style,
+          );
+        }
+      } else if (
+        value instanceof AnimatedNode ||
+        value instanceof AnimatedEvent
+      ) {
+        compositeKeyComponent = value;
+      } else if (Array.isArray(value)) {
+        compositeKeyComponent =
+          allowlist == null ? value : createCompositeKeyForArray(value);
+      } else if (isPlainObject(value)) {
+        compositeKeyComponent =
+          allowlist == null ? value : createCompositeKeyForObject(value);
+      }
+      if (compositeKeyComponent != null) {
+        if (compositeKey == null) {
+          compositeKey = {} as CompositeKey;
+        }
+        compositeKey[key] = compositeKeyComponent;
+      }
+    }
+  }
+
+  return compositeKey;
+}
+
+/**
+ * Creates a new composite key for an array that retains all values that are or
+ * contain `AnimatedNode` instances, and `null` for the rest.
+ *
+ * If `array` contains no `AnimatedNode` instances, this returns null.
+ */
+function createCompositeKeyForArray(
+  array: $ReadOnlyArray<mixed>,
+): $ReadOnlyArray<$ReadOnlyCompositeKeyComponent | null> | null {
+  let compositeKey: Array<$ReadOnlyCompositeKeyComponent | null> | null = null;
+
+  for (let ii = 0, length = array.length; ii < length; ii++) {
+    const value = array[ii];
+
+    let compositeKeyComponent;
+    if (value instanceof AnimatedNode) {
+      compositeKeyComponent = value;
+    } else if (Array.isArray(value)) {
+      compositeKeyComponent = createCompositeKeyForArray(value);
+    } else if (isPlainObject(value)) {
+      compositeKeyComponent = createCompositeKeyForObject(value);
+    }
+    if (compositeKeyComponent != null) {
+      if (compositeKey == null) {
+        compositeKey = new Array<$ReadOnlyCompositeKeyComponent | null>(
+          array.length,
+        ).fill(null);
+      }
+      compositeKey[ii] = compositeKeyComponent;
+    }
+  }
+
+  return compositeKey;
+}
+
+/**
+ * Creates a new composite key for an object that retains only properties that
+ * are or contain `AnimatedNode` instances.
+ *
+ * When used to create composite keys for `style` props:
+ *
+ * - With an allowlist, those properties are searched.
+ * - Without an allowlist, every property is searched.
+ *
+ * If `object` contains no `AnimatedNode` instances, this returns null.
+ */
+function createCompositeKeyForObject(
+  object: $ReadOnly<{[string]: mixed}>,
+  allowlist?: ?AnimatedStyleAllowlist,
+): $ReadOnly<{[string]: $ReadOnlyCompositeKeyComponent}> | null {
+  let compositeKey: {[string]: $ReadOnlyCompositeKeyComponent} | null = null;
+
+  const keys = Object.keys(object);
+  for (let ii = 0, length = keys.length; ii < length; ii++) {
+    const key = keys[ii];
+
+    if (allowlist == null || Object.hasOwn(allowlist, key)) {
+      const value = object[key];
+
+      let compositeKeyComponent;
+      if (value instanceof AnimatedNode) {
+        compositeKeyComponent = value;
+      } else if (Array.isArray(value)) {
+        compositeKeyComponent = createCompositeKeyForArray(value);
+      } else if (isPlainObject(value)) {
+        compositeKeyComponent = createCompositeKeyForObject(value);
+      }
+      if (compositeKeyComponent != null) {
+        if (compositeKey == null) {
+          compositeKey = {} as {[string]: $ReadOnlyCompositeKeyComponent};
+        }
+        compositeKey[key] = compositeKeyComponent;
+      }
+    }
+  }
+
+  return compositeKey;
+}
+
+export function areCompositeKeysEqual(
+  maybePrev: $ReadOnlyCompositeKey | null,
+  maybeNext: $ReadOnlyCompositeKey | null,
+  allowlist: ?AnimatedPropsAllowlist,
+): boolean {
+  if (maybePrev === maybeNext) {
+    return true;
+  }
+  if (maybePrev === null || maybeNext === null) {
+    return false;
+  }
+  // Help Flow retain the type refinements of these.
+  const prev = maybePrev;
+  const next = maybeNext;
+
+  const keys = Object.keys(prev);
+  const length = keys.length;
+  if (length !== Object.keys(next).length) {
+    return false;
+  }
+  for (let ii = 0; ii < length; ii++) {
+    const key = keys[ii];
+    if (!Object.hasOwn(next, key)) {
+      return false;
+    }
+    const prevComponent = prev[key];
+    const nextComponent = next[key];
+
+    if (key === 'style') {
+      // We know style components are objects with non-mixed values.
+      if (
+        !areCompositeKeyComponentsEqual(
+          // $FlowIgnore[incompatible-cast]
+          prevComponent as $ReadOnlyCompositeKeyComponent,
+          // $FlowIgnore[incompatible-cast]
+          nextComponent as $ReadOnlyCompositeKeyComponent,
+        )
+      ) {
+        return false;
+      }
+    } else if (
+      prevComponent instanceof AnimatedNode ||
+      prevComponent instanceof AnimatedEvent
+    ) {
+      if (prevComponent !== nextComponent) {
+        return false;
+      }
+    } else {
+      // When `allowlist` is null, the components must be the same. Otherwise,
+      // we created the components using deep traversal, so deep compare them.
+      if (allowlist == null) {
+        if (prevComponent !== nextComponent) {
+          return false;
+        }
+      } else {
+        if (
+          !areCompositeKeyComponentsEqual(
+            // $FlowIgnore[incompatible-cast]
+            prevComponent as $ReadOnlyCompositeKeyComponent,
+            // $FlowIgnore[incompatible-cast]
+            nextComponent as $ReadOnlyCompositeKeyComponent,
+          )
+        ) {
+          return false;
+        }
+      }
+    }
+  }
+  return true;
+}
+
+function areCompositeKeyComponentsEqual(
+  prev: $ReadOnlyCompositeKeyComponent | null,
+  next: $ReadOnlyCompositeKeyComponent | null,
+): boolean {
+  if (prev === next) {
+    return true;
+  }
+  if (prev instanceof AnimatedNode) {
+    return prev === next;
+  }
+  if (Array.isArray(prev)) {
+    if (!Array.isArray(next)) {
+      return false;
+    }
+    const length = prev.length;
+    if (length !== next.length) {
+      return false;
+    }
+    for (let ii = 0; ii < length; ii++) {
+      if (!areCompositeKeyComponentsEqual(prev[ii], next[ii])) {
+        return false;
+      }
+    }
+    return true;
+  }
+  if (isPlainObject(prev)) {
+    if (!isPlainObject(next)) {
+      return false;
+    }
+    const keys = Object.keys(prev);
+    const length = keys.length;
+    if (length !== Object.keys(next).length) {
+      return false;
+    }
+    for (let ii = 0; ii < length; ii++) {
+      const key = keys[ii];
+      if (
+        !Object.hasOwn(nullthrows(next), key) ||
+        !areCompositeKeyComponentsEqual(prev[key], next[key])
+      ) {
+        return false;
+      }
+    }
+    return true;
+  }
+  return false;
+}
diff --git a/packages/react-native/src/private/featureflags/ReactNativeFeatureFlags.js b/packages/react-native/src/private/featureflags/ReactNativeFeatureFlags.js
index faf46976887e..5c3628d0b0af 100644
--- a/packages/react-native/src/private/featureflags/ReactNativeFeatureFlags.js
+++ b/packages/react-native/src/private/featureflags/ReactNativeFeatureFlags.js
@@ -4,7 +4,7 @@
  * This source code is licensed under the MIT license found in the
  * LICENSE file in the root directory of this source tree.
  *
- * @generated SignedSource<<ea4c7d3691081d2eb90a4041defd7d44>>
+ * @generated SignedSource<<ad38220f241d2489758c2f51cb2ed1bb>>
  * @flow strict-local
  */
 
@@ -31,6 +31,7 @@ export type ReactNativeFeatureFlagsJsOnly = {
   animatedShouldUseSingleOp: Getter<boolean>,
   enableAccessToHostTreeInFabric: Getter<boolean>,
   enableAnimatedAllowlist: Getter<boolean>,
+  enableAnimatedPropsMemo: Getter<boolean>,
   enableOptimisedVirtualizedCells: Getter<boolean>,
   isLayoutAnimationEnabled: Getter<boolean>,
   shouldSkipStateUpdatesForLoopingAnimations: Getter<boolean>,
@@ -121,6 +122,11 @@ export const enableAccessToHostTreeInFabric: Getter<boolean> = createJavaScriptF
  */
 export const enableAnimatedAllowlist: Getter<boolean> = createJavaScriptFlagGetter('enableAnimatedAllowlist', false);
 
+/**
+ * Enables Animated to analyze props to minimize invalidating `AnimatedProps`.
+ */
+export const enableAnimatedPropsMemo: Getter<boolean> = createJavaScriptFlagGetter('enableAnimatedPropsMemo', false);
+
 /**
  * Removing unnecessary rerenders Virtualized cells after any rerenders of Virualized list. Works with strict=true option
  */