diff --git a/.github/workflows/scripts/linux/build-dependencies-qt.sh b/.github/workflows/scripts/linux/build-dependencies-qt.sh
index 55a35cc64f..1cdb660b3b 100755
--- a/.github/workflows/scripts/linux/build-dependencies-qt.sh
+++ b/.github/workflows/scripts/linux/build-dependencies-qt.sh
@@ -5,18 +5,18 @@ set -e
 INSTALLDIR="$HOME/deps"
 NPROCS="$(getconf _NPROCESSORS_ONLN)"
 SDL=SDL2-2.0.22
-QT=6.3.0
+QT=6.3.1
 
 mkdir -p deps-build
 cd deps-build
 
 cat > SHASUMS <<EOF
 fe7cbf3127882e3fc7259a75a0cb585620272c51745d3852ab9dd87960697f2e  $SDL.tar.gz
-b865aae43357f792b3b0a162899d9bf6a1393a55c4e5e4ede5316b157b1a0f99  qtbase-everywhere-src-$QT.tar.xz
-3164504d7e3f640439308235739b112605ab5fc9cc517ca0b28f9fb93a8db0e3  qtsvg-everywhere-src-$QT.tar.xz
-fce94688ea925782a2879347584991f854630daadba6c52aed6d93e33cd0b19c  qttools-everywhere-src-$QT.tar.xz
-e4dd4ef892a34a9514a19238f189a33ed85c76f31dcad6599ced93b1e33440b3  qttranslations-everywhere-src-6.3.0.tar.xz
-e7b567f6e43ffc5918d4aa825ce1eced66a00cb0a87133b2912ba5c1b2a02190  qtwayland-everywhere-src-$QT.tar.xz
+0a64421d9c2469c2c48490a032ab91d547017c9cc171f3f8070bc31888f24e03  qtbase-everywhere-src-$QT.tar.xz
+7b19f418e6f7b8e23344082dd04440aacf5da23c5a73980ba22ae4eba4f87df7  qtsvg-everywhere-src-$QT.tar.xz
+c412750f2aa3beb93fce5f30517c607f55daaeb7d0407af206a8adf917e126c1  qttools-everywhere-src-$QT.tar.xz
+d7bdd55e2908ded901dcc262157100af2a490bf04d31e32995f6d91d78dfdb97  qttranslations-everywhere-src-$QT.tar.xz
+6f14fea2d172a5b4170be3efcb0e58535f6605b61bcd823f6d5c9d165bb8c0f0  qtwayland-everywhere-src-$QT.tar.xz
 EOF
 
 curl -L \
@@ -62,9 +62,22 @@ cmake --build . --parallel
 cmake --install .
 cd ../../
 
-echo "Buildiong Qt Wayland..."
+echo "Building Qt Wayland..."
 tar xf "qtwayland-everywhere-src-$QT.tar.xz"
 cd "qtwayland-everywhere-src-$QT"
+# qtwayland does not build without qml/qtdeclarative in 6.3.1. Work around it.
+patch -u src/compositor/CMakeLists.txt <<EOF
+--- src/compositor/CMakeLists.txt	2022-06-08 13:44:30.000000000 +1000
++++ src/compositor/CMakeLists.txt	2022-07-17 20:05:25.461881785 +1000
+@@ -46,7 +46,6 @@
+         global/qtwaylandcompositorglobal.h
+         global/qtwaylandqmlinclude.h
+         global/qwaylandcompositorextension.cpp global/qwaylandcompositorextension.h global/qwaylandcompositorextension_p.h
+-        global/qwaylandquickextension.cpp global/qwaylandquickextension.h
+         global/qwaylandutils_p.h
+         hardware_integration/qwlclientbufferintegration.cpp hardware_integration/qwlclientbufferintegration_p.h
+         wayland_wrapper/qwlbuffermanager.cpp wayland_wrapper/qwlbuffermanager_p.h
+EOF
 mkdir build
 cd build
 cmake -G Ninja -DCMAKE_PREFIX_PATH="$INSTALLDIR" -DCMAKE_INSTALL_PREFIX="$INSTALLDIR" -DCMAKE_BUILD_TYPE=Release ..
diff --git a/.github/workflows/scripts/macos/build-dependencies.sh b/.github/workflows/scripts/macos/build-dependencies.sh
index 9e5bdd8950..6312ba8c7f 100755
--- a/.github/workflows/scripts/macos/build-dependencies.sh
+++ b/.github/workflows/scripts/macos/build-dependencies.sh
@@ -16,7 +16,7 @@ SAMPLERATE=libsamplerate-0.1.9
 PORTAUDIO=pa_stable_v190700_20210406
 SOUNDTOUCH=soundtouch-2.3.1
 WXWIDGETS=3.1.6
-QT=6.2.4
+QT=6.3.1
 
 mkdir deps-build
 cd deps-build
@@ -34,10 +34,10 @@ fe7cbf3127882e3fc7259a75a0cb585620272c51745d3852ab9dd87960697f2e  $SDL.tar.gz
 47efbf42c77c19a05d22e627d42873e991ec0c1357219c0d74ce6a2948cb2def  $PORTAUDIO.tgz
 6900996607258496ce126924a19fe9d598af9d892cf3f33d1e4daaa9b42ae0b1  $SOUNDTOUCH.tar.gz
 4980e86c6494adcd527a41fc0a4e436777ba41d1893717d7b7176c59c2061c25  wxWidgets-$WXWIDGETS.tar.bz2
-d9924d6fd4fa5f8e24458c87f73ef3dfc1e7c9b877a5407c040d89e6736e2634  qtbase-everywhere-src-$QT.tar.xz
-23ec4c14259d799bb6aaf1a07559d6b1bd2cf6d0da3ac439221ebf9e46ff3fd2  qtsvg-everywhere-src-$QT.tar.xz
-17f40689c4a1706a1b7db22fa92f6ab79f7b698a89e100cab4d10e19335f8267  qttools-everywhere-src-$QT.tar.xz
-bd1aac74a892c60b2f147b6d53bb5b55ab7a6409e63097d38198933f8024fa51  qttranslations-everywhere-src-$QT.tar.xz
+0a64421d9c2469c2c48490a032ab91d547017c9cc171f3f8070bc31888f24e03  qtbase-everywhere-src-$QT.tar.xz
+7b19f418e6f7b8e23344082dd04440aacf5da23c5a73980ba22ae4eba4f87df7  qtsvg-everywhere-src-$QT.tar.xz
+c412750f2aa3beb93fce5f30517c607f55daaeb7d0407af206a8adf917e126c1  qttools-everywhere-src-$QT.tar.xz
+d7bdd55e2908ded901dcc262157100af2a490bf04d31e32995f6d91d78dfdb97  qttranslations-everywhere-src-$QT.tar.xz
 EOF
 
 curl -L \
diff --git a/.github/workflows/windows_build_qt.yml b/.github/workflows/windows_build_qt.yml
index 51501c050e..db219ceeff 100644
--- a/.github/workflows/windows_build_qt.yml
+++ b/.github/workflows/windows_build_qt.yml
@@ -28,7 +28,7 @@ on:
       qt_binary_url:
         required: false
         type: string
-        default: https://github.com/PCSX2/pcsx2-windows-dependencies/releases/download/2022-04-13/qt-6.3.0-x64.7z
+        default: https://github.com/PCSX2/pcsx2-windows-dependencies/releases/download/2022-07-24/qt-6.3.1-x64.7z
 
 jobs:
   build_windows_qt:
diff --git a/common/vsprops/QtCompile.props b/common/vsprops/QtCompile.props
index 8bd8b78b64..a122d98699 100644
--- a/common/vsprops/QtCompile.props
+++ b/common/vsprops/QtCompile.props
@@ -2,11 +2,11 @@
 <Project ToolsVersion="15.0" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup Label="UserMacros">
     <BinaryOutputDir>$(SolutionDir)bin\</BinaryOutputDir>
-    <PCSX2QTDIRDefault Condition="'$(Platform)'=='x64'">$(SolutionDir)3rdparty\qt\6.3.0\msvc2019_64\</PCSX2QTDIRDefault>
-    <PCSX2QTDIRDefault Condition="'$(Platform)'=='ARM64'">$(SolutionDir)3rdparty\qt\6.3.0\msvc2019_arm64\</PCSX2QTDIRDefault>
+    <PCSX2QTDIRDefault Condition="'$(Platform)'=='x64'">$(SolutionDir)3rdparty\qt\6.3.1\msvc2022_64\</PCSX2QTDIRDefault>
+    <PCSX2QTDIRDefault Condition="'$(Platform)'=='ARM64'">$(SolutionDir)3rdparty\qt\6.3.1\msvc2022_arm64\</PCSX2QTDIRDefault>
     <PCSX2QTDIR Condition="Exists('$(PCSX2QTDIRDefault)') And ('$(PCSX2QTDIR)'=='' Or !Exists('$(PCSX2QTDIR)'))">$(PCSX2QTDIRDefault)</PCSX2QTDIR>
     <PCSX2QTDIR Condition="Exists('$(PCSX2QTDIR)') And !HasTrailingSlash('$(PCSX2QTDIR)')">$(PCSX2QTDIR)\</PCSX2QTDIR>
-    <PCSX2QTDIRHost>$(SolutionDir)3rdparty\qt\6.3.0\msvc2019_64\</PCSX2QTDIRHost>
+    <PCSX2QTDIRHost>$(SolutionDir)3rdparty\qt\6.3.1\msvc2022_64\</PCSX2QTDIRHost>
     <QtDirValid>false</QtDirValid>
     <QtDirValid Condition="Exists('$(PCSX2QTDIR)')">true</QtDirValid>
     <QtIncludeDir>$(PCSX2QTDIR)include\</QtIncludeDir>