diff --git a/lib/internal/process/task_queues.js b/lib/internal/process/task_queues.js
index 84f406cd5e8f..484fa4ea2f9d 100644
--- a/lib/internal/process/task_queues.js
+++ b/lib/internal/process/task_queues.js
@@ -102,7 +102,8 @@ function processTicksAndRejections() {
       AsyncContextFrame.set(priorContextFrame);
     }
     runMicrotasks();
-  } while (!queue.isEmpty() || processPromiseRejections());
+  } while (!queue.isEmpty() ||
+           (hasRejectionToWarn() && processPromiseRejections()));
   setHasTickScheduled(false);
   setHasRejectionToWarn(false);
 }