diff --git a/packages/react-native-renderer/src/__tests__/ReactFabric-test.internal.js b/packages/react-native-renderer/src/__tests__/ReactFabric-test.internal.js
index 42cc136a7202..5d0c8b8b9e97 100644
--- a/packages/react-native-renderer/src/__tests__/ReactFabric-test.internal.js
+++ b/packages/react-native-renderer/src/__tests__/ReactFabric-test.internal.js
@@ -1099,6 +1099,8 @@ describe('ReactFabric', () => {
               // Check for referential equality
               expect(ref1.current).toBe(event.target);
               expect(ref1.current).toBe(event.currentTarget);
+
+              expect(global.event).toBe(event);
             }}
             onStartShouldSetResponder={() => true}
           />
@@ -1110,6 +1112,8 @@ describe('ReactFabric', () => {
               // Check for referential equality
               expect(ref2.current).toBe(event.target);
               expect(ref2.current).toBe(event.currentTarget);
+
+              expect(global.event).toBe(event);
             }}
             onStartShouldSetResponder={() => true}
           />
@@ -1123,6 +1127,9 @@ describe('ReactFabric', () => {
     const [dispatchEvent] =
       nativeFabricUIManager.registerEventHandler.mock.calls[0];
 
+    const preexistingEvent = {};
+    global.event = preexistingEvent;
+
     dispatchEvent(getViewById('one').instanceHandle, 'topTouchStart', {
       target: getViewById('one').reactTag,
       identifier: 17,
@@ -1150,7 +1157,141 @@ describe('ReactFabric', () => {
       changedTouches: [],
     });
 
-    expect.assertions(6);
+    expect(global.event).toBe(preexistingEvent);
+
+    expect.assertions(9);
+  });
+
+  it('propagates timeStamps from native events and sets defaults', async () => {
+    const View = createReactNativeComponentClass('RCTView', () => ({
+      validAttributes: {
+        id: true,
+      },
+      uiViewClassName: 'RCTView',
+      directEventTypes: {
+        topTouchStart: {
+          registrationName: 'onTouchStart',
+        },
+        topTouchEnd: {
+          registrationName: 'onTouchEnd',
+        },
+      },
+    }));
+
+    function getViewById(id) {
+      const [reactTag, , , , instanceHandle] =
+        nativeFabricUIManager.createNode.mock.calls.find(
+          args => args[3] && args[3].id === id,
+        );
+
+      return {reactTag, instanceHandle};
+    }
+
+    const ref1 = React.createRef();
+    const ref2 = React.createRef();
+    const ref3 = React.createRef();
+
+    const explicitTimeStampCamelCase = 'explicit-timestamp-camelcase';
+    const explicitTimeStampLowerCase = 'explicit-timestamp-lowercase';
+    const performanceNowValue = 'performance-now-timestamp';
+
+    jest.spyOn(performance, 'now').mockReturnValue(performanceNowValue);
+
+    await act(() => {
+      ReactFabric.render(
+        <>
+          <View
+            ref={ref1}
+            id="default"
+            onTouchEnd={event => {
+              expect(event.timeStamp).toBe(performanceNowValue);
+            }}
+          />
+          <View
+            ref={ref2}
+            id="explicitTimeStampCamelCase"
+            onTouchEnd={event => {
+              expect(event.timeStamp).toBe(explicitTimeStampCamelCase);
+            }}
+          />
+          <View
+            ref={ref2}
+            id="explicitTimeStampLowerCase"
+            onTouchEnd={event => {
+              expect(event.timeStamp).toBe(explicitTimeStampLowerCase);
+            }}
+          />
+        </>,
+        1,
+        null,
+        true,
+      );
+    });
+
+    const [dispatchEvent] =
+      nativeFabricUIManager.registerEventHandler.mock.calls[0];
+
+    dispatchEvent(getViewById('default').instanceHandle, 'topTouchStart', {
+      target: getViewById('default').reactTag,
+      identifier: 17,
+      touches: [],
+      changedTouches: [],
+    });
+    dispatchEvent(getViewById('default').instanceHandle, 'topTouchEnd', {
+      target: getViewById('default').reactTag,
+      identifier: 17,
+      touches: [],
+      changedTouches: [],
+      // No timeStamp property
+    });
+
+    dispatchEvent(
+      getViewById('explicitTimeStampCamelCase').instanceHandle,
+      'topTouchStart',
+      {
+        target: getViewById('explicitTimeStampCamelCase').reactTag,
+        identifier: 17,
+        touches: [],
+        changedTouches: [],
+      },
+    );
+
+    dispatchEvent(
+      getViewById('explicitTimeStampCamelCase').instanceHandle,
+      'topTouchEnd',
+      {
+        target: getViewById('explicitTimeStampCamelCase').reactTag,
+        identifier: 17,
+        touches: [],
+        changedTouches: [],
+        timeStamp: explicitTimeStampCamelCase,
+      },
+    );
+
+    dispatchEvent(
+      getViewById('explicitTimeStampLowerCase').instanceHandle,
+      'topTouchStart',
+      {
+        target: getViewById('explicitTimeStampLowerCase').reactTag,
+        identifier: 17,
+        touches: [],
+        changedTouches: [],
+      },
+    );
+
+    dispatchEvent(
+      getViewById('explicitTimeStampLowerCase').instanceHandle,
+      'topTouchEnd',
+      {
+        target: getViewById('explicitTimeStampLowerCase').reactTag,
+        identifier: 17,
+        touches: [],
+        changedTouches: [],
+        timestamp: explicitTimeStampLowerCase,
+      },
+    );
+
+    expect.assertions(3);
   });
 
   it('findHostInstance_DEPRECATED should warn if used to find a host component inside StrictMode', async () => {
diff --git a/packages/react-native-renderer/src/legacy-events/EventPluginUtils.js b/packages/react-native-renderer/src/legacy-events/EventPluginUtils.js
index 64a05cef33fa..2027ac2e20fc 100644
--- a/packages/react-native-renderer/src/legacy-events/EventPluginUtils.js
+++ b/packages/react-native-renderer/src/legacy-events/EventPluginUtils.js
@@ -67,6 +67,9 @@ function validateEventDispatches(event) {
  */
 export function executeDispatch(event, listener, inst) {
   event.currentTarget = getNodeFromInstance(inst);
+  const currentEvent = global.event;
+  global.event = event;
+
   try {
     listener(event);
   } catch (error) {
@@ -77,6 +80,8 @@ export function executeDispatch(event, listener, inst) {
       // TODO: Make sure this error gets logged somehow.
     }
   }
+
+  global.event = currentEvent;
   event.currentTarget = null;
 }
 
diff --git a/packages/react-native-renderer/src/legacy-events/SyntheticEvent.js b/packages/react-native-renderer/src/legacy-events/SyntheticEvent.js
index 723daa0dc9e5..b6a4bf4e7cbb 100644
--- a/packages/react-native-renderer/src/legacy-events/SyntheticEvent.js
+++ b/packages/react-native-renderer/src/legacy-events/SyntheticEvent.js
@@ -11,6 +11,21 @@ import assign from 'shared/assign';
 
 const EVENT_POOL_SIZE = 10;
 
+let currentTimeStamp = () => {
+  // Lazily define the function based on the existence of performance.now()
+  if (
+    typeof performance === 'object' &&
+    performance !== null &&
+    typeof performance.now === 'function'
+  ) {
+    currentTimeStamp = () => performance.now();
+  } else {
+    currentTimeStamp = () => Date.now();
+  }
+
+  return currentTimeStamp();
+};
+
 /**
  * @interface Event
  * @see http://www.w3.org/TR/DOM-Level-3-Events/
@@ -26,7 +41,7 @@ const EventInterface = {
   bubbles: null,
   cancelable: null,
   timeStamp: function (event) {
-    return event.timeStamp || Date.now();
+    return event.timeStamp || event.timestamp || currentTimeStamp();
   },
   defaultPrevented: null,
   isTrusted: null,