diff --git a/CHANGELOG.md b/CHANGELOG.md
index 360d7ca1cbe1..ae207ec6863d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,6 +11,7 @@
 - `[jest-message-util]` Add support for [AggregateError](https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/AggregateError) ([#13946](https://github.com/facebook/jest/pull/13946) & [#13947](https://github.com/facebook/jest/pull/13947))
 - `[jest-message-util]` Add support for [Error causes](https://developer.mozilla.org/en-US/docs/Web/JavaScript/Reference/Global_Objects/Error/cause) in `test` and `it` ([#13935](https://github.com/facebook/jest/pull/13935) & [#13966](https://github.com/facebook/jest/pull/13966))
 - `[jest-reporters]` Add `summaryThreshold` option to summary reporter to allow overriding the internal threshold that is used to print the summary of all failed tests when the number of test suites surpasses it ([#13895](https://github.com/facebook/jest/pull/13895))
+- `[jest-runtime]` Expose `@sinonjs/fake-timers` async APIs functions `advanceTimersByTimeAsync(msToRun)` (`tickAsync(msToRun)`), `advanceTimersToNextTimerAsync(steps)` (`nextAsync`), `runAllTimersAsync` (`runAllAsync`), and `runOnlyPendingTimersAsync` (`runToLastAsync`) ([#13981](https://github.com/facebook/jest/pull/13981))
 - `[jest-runtime, @jest/transform]` Allow V8 coverage provider to collect coverage from files which were not loaded explicitly ([#13974](https://github.com/facebook/jest/pull/13974))
 - `[jest-snapshot]` Add support to `cts` and `mts` TypeScript files to inline snapshots ([#13975](https://github.com/facebook/jest/pull/13975))
 - `[jest-worker]` Add `start` method to worker farms ([#13937](https://github.com/facebook/jest/pull/13937))
diff --git a/docs/JestObjectAPI.md b/docs/JestObjectAPI.md
index c012e9323d4a..0b59e124b438 100644
--- a/docs/JestObjectAPI.md
+++ b/docs/JestObjectAPI.md
@@ -921,6 +921,16 @@ When this API is called, all pending macro-tasks and micro-tasks will be execute
 
 This is often useful for synchronously executing setTimeouts during a test in order to synchronously assert about some behavior that would only happen after the `setTimeout()` or `setInterval()` callbacks executed. See the [Timer mocks](TimerMocks.md) doc for more information.
 
+### `jest.runAllTimersAsync()`
+
+Asynchronous equivalent of `jest.runAllTimers()`. It allows any scheduled promise callbacks to execute _before_ running the timers.
+
+:::info
+
+This function is not available when using legacy fake timers implementation.
+
+:::
+
 ### `jest.runAllImmediates()`
 
 Exhausts all tasks queued by `setImmediate()`.
@@ -937,18 +947,48 @@ Executes only the macro task queue (i.e. all tasks queued by `setTimeout()` or `
 
 When this API is called, all timers are advanced by `msToRun` milliseconds. All pending "macro-tasks" that have been queued via `setTimeout()` or `setInterval()`, and would be executed within this time frame will be executed. Additionally, if those macro-tasks schedule new macro-tasks that would be executed within the same time frame, those will be executed until there are no more macro-tasks remaining in the queue, that should be run within `msToRun` milliseconds.
 
+### `jest.advanceTimersByTimeAsync(msToRun)`
+
+Asynchronous equivalent of `jest.advanceTimersByTime(msToRun)`. It allows any scheduled promise callbacks to execute _before_ running the timers.
+
+:::info
+
+This function is not available when using legacy fake timers implementation.
+
+:::
+
 ### `jest.runOnlyPendingTimers()`
 
 Executes only the macro-tasks that are currently pending (i.e., only the tasks that have been queued by `setTimeout()` or `setInterval()` up to this point). If any of the currently pending macro-tasks schedule new macro-tasks, those new tasks will not be executed by this call.
 
 This is useful for scenarios such as one where the module being tested schedules a `setTimeout()` whose callback schedules another `setTimeout()` recursively (meaning the scheduling never stops). In these scenarios, it's useful to be able to run forward in time by a single step at a time.
 
+### `jest.runOnlyPendingTimersAsync()`
+
+Asynchronous equivalent of `jest.runOnlyPendingTimers()`. It allows any scheduled promise callbacks to execute _before_ running the timers.
+
+:::info
+
+This function is not available when using legacy fake timers implementation.
+
+:::
+
 ### `jest.advanceTimersToNextTimer(steps)`
 
 Advances all timers by the needed milliseconds so that only the next timeouts/intervals will run.
 
 Optionally, you can provide `steps`, so it will run `steps` amount of next timeouts/intervals.
 
+### `jest.advanceTimersToNextTimerAsync(steps)`
+
+Asynchronous equivalent of `jest.advanceTimersToNextTimer(steps)`. It allows any scheduled promise callbacks to execute _before_ running the timers.
+
+:::info
+
+This function is not available when using legacy fake timers implementation.
+
+:::
+
 ### `jest.clearAllTimers()`
 
 Removes any pending timers from the timer system.
diff --git a/packages/jest-environment/src/index.ts b/packages/jest-environment/src/index.ts
index f503703519fe..6a99b3c7fe39 100644
--- a/packages/jest-environment/src/index.ts
+++ b/packages/jest-environment/src/index.ts
@@ -60,12 +60,28 @@ export interface Jest {
    * executed within this time frame will be executed.
    */
   advanceTimersByTime(msToRun: number): void;
+  /**
+   * Advances all timers by `msToRun` milliseconds, firing callbacks if necessary.
+   *
+   * @remarks
+   * Not available when using legacy fake timers implementation.
+   */
+  advanceTimersByTimeAsync(msToRun: number): Promise<void>;
   /**
    * Advances all timers by the needed milliseconds so that only the next
    * timeouts/intervals will run. Optionally, you can provide steps, so it will
    * run steps amount of next timeouts/intervals.
    */
   advanceTimersToNextTimer(steps?: number): void;
+  /**
+   * Advances the clock to the the moment of the first scheduled timer, firing it.
+   * Optionally, you can provide steps, so it will run steps amount of
+   * next timeouts/intervals.
+   *
+   * @remarks
+   * Not available when using legacy fake timers implementation.
+   */
+  advanceTimersToNextTimerAsync(steps?: number): Promise<void>;
   /**
    * Disables automatic mocking in the module loader.
    */
@@ -298,6 +314,16 @@ export interface Jest {
    * and `setInterval()`).
    */
   runAllTimers(): void;
+  /**
+   * Exhausts the macro-task queue (i.e., all tasks queued by `setTimeout()`
+   * and `setInterval()`).
+   *
+   * @remarks
+   * If new timers are added while it is executing they will be run as well.
+   * @remarks
+   * Not available when using legacy fake timers implementation.
+   */
+  runAllTimersAsync(): Promise<void>;
   /**
    * Executes only the macro-tasks that are currently pending (i.e., only the
    * tasks that have been queued by `setTimeout()` or `setInterval()` up to this
@@ -305,6 +331,16 @@ export interface Jest {
    * macro-tasks, those new tasks will not be executed by this call.
    */
   runOnlyPendingTimers(): void;
+  /**
+   * Executes only the macro-tasks that are currently pending (i.e., only the
+   * tasks that have been queued by `setTimeout()` or `setInterval()` up to this
+   * point). If any of the currently pending macro-tasks schedule new
+   * macro-tasks, those new tasks will not be executed by this call.
+   *
+   * @remarks
+   * Not available when using legacy fake timers implementation.
+   */
+  runOnlyPendingTimersAsync(): Promise<void>;
   /**
    * Explicitly supplies the mock object that the module system should return
    * for the specified module.
diff --git a/packages/jest-fake-timers/src/__tests__/modernFakeTimers.test.ts b/packages/jest-fake-timers/src/__tests__/modernFakeTimers.test.ts
index 72afd53bfdb1..4ce6749bfab5 100644
--- a/packages/jest-fake-timers/src/__tests__/modernFakeTimers.test.ts
+++ b/packages/jest-fake-timers/src/__tests__/modernFakeTimers.test.ts
@@ -960,6 +960,137 @@ describe('FakeTimers', () => {
     });
   });
 
+  describe('advanceTimersToNextTimerAsync', () => {
+    it('should advance the clock at the moment of the first scheduled timer', async () => {
+      const global = {
+        Date,
+        Promise,
+        clearTimeout,
+        process,
+        setTimeout,
+      } as unknown as typeof globalThis;
+      const timers = new FakeTimers({config: makeProjectConfig(), global});
+      timers.useFakeTimers();
+      timers.setSystemTime(0);
+
+      const spy = jest.fn();
+      global.setTimeout(async () => {
+        await Promise.resolve();
+        global.setTimeout(spy, 100);
+      }, 100);
+
+      await timers.advanceTimersToNextTimerAsync();
+      expect(timers.now()).toBe(100);
+
+      await timers.advanceTimersToNextTimerAsync();
+      expect(timers.now()).toBe(200);
+      expect(spy).toHaveBeenCalled();
+    });
+
+    it('should advance the clock at the moment of the n-th scheduled timer', async () => {
+      const global = {
+        Date,
+        Promise,
+        clearTimeout,
+        process,
+        setTimeout,
+      } as unknown as typeof globalThis;
+      const timers = new FakeTimers({config: makeProjectConfig(), global});
+      timers.useFakeTimers();
+      timers.setSystemTime(0);
+
+      const spy = jest.fn();
+      global.setTimeout(async () => {
+        await Promise.resolve();
+        global.setTimeout(spy, 100);
+      }, 100);
+
+      await timers.advanceTimersToNextTimerAsync(2);
+
+      expect(timers.now()).toBe(200);
+      expect(spy).toHaveBeenCalled();
+    });
+  });
+
+  describe('runAllTimersAsync', () => {
+    it('should advance the clock to the last scheduled timer', async () => {
+      const global = {
+        Date,
+        Promise,
+        clearTimeout,
+        process,
+        setTimeout,
+      } as unknown as typeof globalThis;
+      const timers = new FakeTimers({config: makeProjectConfig(), global});
+      timers.useFakeTimers();
+      timers.setSystemTime(0);
+
+      const spy = jest.fn();
+      const spy2 = jest.fn();
+      global.setTimeout(async () => {
+        await Promise.resolve();
+        global.setTimeout(spy, 100);
+        global.setTimeout(spy2, 200);
+      }, 100);
+
+      await timers.runAllTimersAsync();
+      expect(timers.now()).toBe(300);
+      expect(spy).toHaveBeenCalled();
+      expect(spy2).toHaveBeenCalled();
+    });
+  });
+
+  describe('runOnlyPendingTimersAsync', () => {
+    it('should advance the clock to the last scheduled timer', async () => {
+      const global = {
+        Date,
+        Promise,
+        clearTimeout,
+        process,
+        setTimeout,
+      } as unknown as typeof globalThis;
+      const timers = new FakeTimers({config: makeProjectConfig(), global});
+      timers.useFakeTimers();
+      timers.setSystemTime(0);
+
+      const spy = jest.fn();
+      const spy2 = jest.fn();
+      global.setTimeout(spy, 50);
+      global.setTimeout(spy2, 50);
+      global.setTimeout(async () => {
+        await Promise.resolve();
+      }, 100);
+
+      await timers.runOnlyPendingTimersAsync();
+      expect(timers.now()).toBe(100);
+      expect(spy).toHaveBeenCalled();
+      expect(spy2).toHaveBeenCalled();
+    });
+  });
+
+  describe('advanceTimersByTimeAsync', () => {
+    it('should advance the clock', async () => {
+      const global = {
+        Date,
+        Promise,
+        clearTimeout,
+        process,
+        setTimeout,
+      } as unknown as typeof globalThis;
+      const timers = new FakeTimers({config: makeProjectConfig(), global});
+      timers.useFakeTimers();
+
+      const spy = jest.fn();
+      global.setTimeout(async () => {
+        await Promise.resolve();
+        global.setTimeout(spy, 100);
+      }, 100);
+
+      await timers.advanceTimersByTimeAsync(200);
+      expect(spy).toHaveBeenCalled();
+    });
+  });
+
   describe('now', () => {
     let timers: FakeTimers;
     let fakedGlobal: typeof globalThis;
diff --git a/packages/jest-fake-timers/src/modernFakeTimers.ts b/packages/jest-fake-timers/src/modernFakeTimers.ts
index f1178707ec5b..c9db7ba331c0 100644
--- a/packages/jest-fake-timers/src/modernFakeTimers.ts
+++ b/packages/jest-fake-timers/src/modernFakeTimers.ts
@@ -52,12 +52,24 @@ export default class FakeTimers {
     }
   }
 
+  async runAllTimersAsync(): Promise<void> {
+    if (this._checkFakeTimers()) {
+      await this._clock.runAllAsync();
+    }
+  }
+
   runOnlyPendingTimers(): void {
     if (this._checkFakeTimers()) {
       this._clock.runToLast();
     }
   }
 
+  async runOnlyPendingTimersAsync(): Promise<void> {
+    if (this._checkFakeTimers()) {
+      await this._clock.runToLastAsync();
+    }
+  }
+
   advanceTimersToNextTimer(steps = 1): void {
     if (this._checkFakeTimers()) {
       for (let i = steps; i > 0; i--) {
@@ -72,12 +84,32 @@ export default class FakeTimers {
     }
   }
 
+  async advanceTimersToNextTimerAsync(steps = 1): Promise<void> {
+    if (this._checkFakeTimers()) {
+      for (let i = steps; i > 0; i--) {
+        await this._clock.nextAsync();
+        // Fire all timers at this point: https://github.com/sinonjs/fake-timers/issues/250
+        await this._clock.tickAsync(0);
+
+        if (this._clock.countTimers() === 0) {
+          break;
+        }
+      }
+    }
+  }
+
   advanceTimersByTime(msToRun: number): void {
     if (this._checkFakeTimers()) {
       this._clock.tick(msToRun);
     }
   }
 
+  async advanceTimersByTimeAsync(msToRun: number): Promise<void> {
+    if (this._checkFakeTimers()) {
+      await this._clock.tickAsync(msToRun);
+    }
+  }
+
   runAllTicks(): void {
     if (this._checkFakeTimers()) {
       // @ts-expect-error - doesn't exist?
diff --git a/packages/jest-runtime/src/index.ts b/packages/jest-runtime/src/index.ts
index 910004ca1769..5fa5186fd20b 100644
--- a/packages/jest-runtime/src/index.ts
+++ b/packages/jest-runtime/src/index.ts
@@ -2215,7 +2215,7 @@ export default class Runtime {
             );
           };
 
-    const setTimeout = (timeout: number) => {
+    const setTimeout: Jest['setTimeout'] = timeout => {
       this._environment.global[testTimeoutSymbol] = timeout;
       return jestObject;
     };
@@ -2229,24 +2229,56 @@ export default class Runtime {
     };
 
     const jestObject: Jest = {
-      advanceTimersByTime: (msToRun: number) =>
+      advanceTimersByTime: msToRun =>
         _getFakeTimers().advanceTimersByTime(msToRun),
-      advanceTimersToNextTimer: (steps?: number) =>
+      advanceTimersByTimeAsync: async msToRun => {
+        const fakeTimers = _getFakeTimers();
+
+        if (fakeTimers === this._environment.fakeTimersModern) {
+          // TODO: remove this check in Jest 30
+          if (typeof fakeTimers.advanceTimersByTimeAsync !== 'function') {
+            throw new TypeError(
+              'Your test environment does not support async fake timers - please ensure its Jest dependencies are updated to version 29.5 or later',
+            );
+          }
+          await fakeTimers.advanceTimersByTimeAsync(msToRun);
+        } else {
+          throw new TypeError(
+            '`jest.advanceTimersByTimeAsync()` is not available when using legacy fake timers.',
+          );
+        }
+      },
+      advanceTimersToNextTimer: steps =>
         _getFakeTimers().advanceTimersToNextTimer(steps),
+      advanceTimersToNextTimerAsync: async steps => {
+        const fakeTimers = _getFakeTimers();
+
+        if (fakeTimers === this._environment.fakeTimersModern) {
+          // TODO: remove this check in Jest 30
+          if (typeof fakeTimers.advanceTimersToNextTimerAsync !== 'function') {
+            throw new TypeError(
+              'Your test environment does not support async fake timers - please ensure its Jest dependencies are updated to version 29.5 or later',
+            );
+          }
+          await fakeTimers.advanceTimersToNextTimerAsync(steps);
+        } else {
+          throw new TypeError(
+            '`jest.advanceTimersToNextTimerAsync()` is not available when using legacy fake timers.',
+          );
+        }
+      },
       autoMockOff: disableAutomock,
       autoMockOn: enableAutomock,
       clearAllMocks,
       clearAllTimers: () => _getFakeTimers().clearAllTimers(),
-      createMockFromModule: (moduleName: string) =>
-        this._generateMock(from, moduleName),
+      createMockFromModule: moduleName => this._generateMock(from, moduleName),
       deepUnmock,
       disableAutomock,
       doMock: mock,
       dontMock: unmock,
       enableAutomock,
       fn,
-      genMockFromModule: (moduleName: string) =>
-        this._generateMock(from, moduleName),
+      genMockFromModule: moduleName => this._generateMock(from, moduleName),
       getRealSystemTime: () => {
         const fakeTimers = _getFakeTimers();
 
@@ -2295,10 +2327,43 @@ export default class Runtime {
       },
       runAllTicks: () => _getFakeTimers().runAllTicks(),
       runAllTimers: () => _getFakeTimers().runAllTimers(),
+      runAllTimersAsync: async () => {
+        const fakeTimers = _getFakeTimers();
+
+        if (fakeTimers === this._environment.fakeTimersModern) {
+          // TODO: remove this check in Jest 30
+          if (typeof fakeTimers.runAllTimersAsync !== 'function') {
+            throw new TypeError(
+              'Your test environment does not support async fake timers - please ensure its Jest dependencies are updated to version 29.5 or later',
+            );
+          }
+          await fakeTimers.runAllTimersAsync();
+        } else {
+          throw new TypeError(
+            '`jest.runAllTimersAsync()` is not available when using legacy fake timers.',
+          );
+        }
+      },
       runOnlyPendingTimers: () => _getFakeTimers().runOnlyPendingTimers(),
-      setMock: (moduleName: string, mock: unknown) =>
-        setMockFactory(moduleName, () => mock),
-      setSystemTime: (now?: number | Date) => {
+      runOnlyPendingTimersAsync: async () => {
+        const fakeTimers = _getFakeTimers();
+
+        if (fakeTimers === this._environment.fakeTimersModern) {
+          // TODO: remove this check in Jest 30
+          if (typeof fakeTimers.runOnlyPendingTimersAsync !== 'function') {
+            throw new TypeError(
+              'Your test environment does not support async fake timers - please ensure its Jest dependencies are updated to version 29.5 or later',
+            );
+          }
+          await fakeTimers.runOnlyPendingTimersAsync();
+        } else {
+          throw new TypeError(
+            '`jest.runOnlyPendingTimersAsync()` is not available when using legacy fake timers.',
+          );
+        }
+      },
+      setMock: (moduleName, mock) => setMockFactory(moduleName, () => mock),
+      setSystemTime: now => {
         const fakeTimers = _getFakeTimers();
 
         if (fakeTimers === this._environment.fakeTimersModern) {
diff --git a/packages/jest-types/__typetests__/jest.test.ts b/packages/jest-types/__typetests__/jest.test.ts
index 6a1042a45488..8415a88db114 100644
--- a/packages/jest-types/__typetests__/jest.test.ts
+++ b/packages/jest-types/__typetests__/jest.test.ts
@@ -488,10 +488,17 @@ expectAssignable<jest.SpiedSetter<typeof someObject.propertyC>>(
 expectType<void>(jest.advanceTimersByTime(6000));
 expectError(jest.advanceTimersByTime());
 
+expectType<Promise<void>>(jest.advanceTimersByTimeAsync(6000));
+expectError(jest.advanceTimersByTimeAsync());
+
 expectType<void>(jest.advanceTimersToNextTimer());
 expectType<void>(jest.advanceTimersToNextTimer(2));
 expectError(jest.advanceTimersToNextTimer('2'));
 
+expectType<Promise<void>>(jest.advanceTimersToNextTimerAsync());
+expectType<Promise<void>>(jest.advanceTimersToNextTimerAsync(2));
+expectError(jest.advanceTimersToNextTimerAsync('2'));
+
 expectType<void>(jest.clearAllTimers());
 expectError(jest.clearAllTimers(false));
 
@@ -513,9 +520,15 @@ expectError(jest.runAllTicks(true));
 expectType<void>(jest.runAllTimers());
 expectError(jest.runAllTimers(false));
 
+expectType<Promise<void>>(jest.runAllTimersAsync());
+expectError(jest.runAllTimersAsync(false));
+
 expectType<void>(jest.runOnlyPendingTimers());
 expectError(jest.runOnlyPendingTimers(true));
 
+expectType<Promise<void>>(jest.runOnlyPendingTimersAsync());
+expectError(jest.runOnlyPendingTimersAsync(true));
+
 expectType<void>(jest.setSystemTime());
 expectType<void>(jest.setSystemTime(1483228800000));
 expectType<void>(jest.setSystemTime(Date.now()));