diff --git a/docs/Configuration.md b/docs/Configuration.md
index 8f057477f8..13bd6a0c63 100644
--- a/docs/Configuration.md
+++ b/docs/Configuration.md
@@ -605,7 +605,9 @@ Type: `boolean | string`
 
 Whether the transformer should use the `@babel/transform/runtime` plugin. Defaults to `true`.
 
-If the value is a string, it is treated as a runtime version number and passed as `version` to the `@babel/plugin-transform-runtime` configuration. This allows you to optimize the generated Babel runtime calls based on the version installed in your project.
+When `true`, Metro also passes Babel presets that support it (via [caller data](https://babeljs.io/docs/options#caller)) its own copy of `@babel/runtime` to import helpers from - as `babelRuntimeModuleName: 'metro:babel-runtime'` - along with that copy's installed version as `enableBabelRuntime`. Helpers then resolve to a `@babel/runtime` guaranteed to exist at a known version, regardless of whether or where your project installs one.
+
+<div class="label deprecated">Deprecated</div> If the value is a string, it is treated as a runtime version number and passed as `version` to the `@babel/plugin-transform-runtime` configuration, and helpers are imported from your project's own `@babel/runtime`. Use `true` instead, which targets Metro's own `@babel/runtime` at its installed version.
 
 :::note
 This option only works under the default settings for React Native. It may have no effect in a project that uses custom [`transformerPath`](#transformerpath), a custom [`babelTransformerPath`](#babeltransformerpath) or a custom [Babel config file](https://babeljs.io/docs/en/config-files).
diff --git a/packages/metro-babel-transformer/src/__tests__/transform-test.js b/packages/metro-babel-transformer/src/__tests__/transform-test.js
index 8e1170d88c..cc0a1c089d 100644
--- a/packages/metro-babel-transformer/src/__tests__/transform-test.js
+++ b/packages/metro-babel-transformer/src/__tests__/transform-test.js
@@ -49,3 +49,70 @@ test('exposes the correct absolute path to a source file to plugins', () => {
   expect(pluginCwd).toEqual(PROJECT_ROOT);
   expect(visitorFilename).toEqual(path.resolve(PROJECT_ROOT, 'foo.js'));
 });
+
+test('exposes the Babel runtime module name and version to presets via the caller', () => {
+  let callerRuntime;
+  transform({
+    filename: 'foo.js',
+    src: 'console.log("foo");',
+    plugins: [
+      babel => {
+        callerRuntime = {
+          babelRuntimeModuleName: babel.caller(
+            caller => caller?.babelRuntimeModuleName,
+          ),
+          enableBabelRuntime: babel.caller(
+            caller => caller?.enableBabelRuntime,
+          ),
+        };
+        return {visitor: {}};
+      },
+    ],
+    options: {
+      babelRuntimeModuleName: 'metro:babel-runtime',
+      babelRuntimeVersion: '7.29.7',
+      dev: true,
+      enableBabelRuntime: true,
+      enableBabelRCLookup: false,
+      globalPrefix: '__metro__',
+      minify: false,
+      platform: null,
+      publicPath: 'test',
+      projectRoot: PROJECT_ROOT,
+    },
+  });
+  expect(callerRuntime).toEqual({
+    babelRuntimeModuleName: 'metro:babel-runtime',
+    enableBabelRuntime: '7.29.7',
+  });
+});
+
+test('omits the Babel runtime from the caller when not provided', () => {
+  let callerKeys;
+  transform({
+    filename: 'foo.js',
+    src: 'console.log("foo");',
+    plugins: [
+      babel => {
+        callerKeys = ['babelRuntimeModuleName', 'enableBabelRuntime'].filter(
+          key =>
+            babel.caller(
+              caller => caller != null && Object.hasOwn(caller, key),
+            ),
+        );
+        return {visitor: {}};
+      },
+    ],
+    options: {
+      dev: true,
+      enableBabelRuntime: false,
+      enableBabelRCLookup: false,
+      globalPrefix: '__metro__',
+      minify: false,
+      platform: null,
+      publicPath: 'test',
+      projectRoot: PROJECT_ROOT,
+    },
+  });
+  expect(callerKeys).toEqual([]);
+});
diff --git a/packages/metro-babel-transformer/src/index.js b/packages/metro-babel-transformer/src/index.js
index 91a3c2a15e..b9dfe7c5bf 100644
--- a/packages/metro-babel-transformer/src/index.js
+++ b/packages/metro-babel-transformer/src/index.js
@@ -33,6 +33,8 @@ export type CustomTransformOptions = {
 export type TransformProfile = 'default' | 'hermes-stable' | 'hermes-canary';
 
 type BabelTransformerOptions = Readonly<{
+  babelRuntimeModuleName?: string,
+  babelRuntimeVersion?: string,
   customTransformOptions?: CustomTransformOptions,
   dev: boolean,
   enableBabelRCLookup?: boolean,
@@ -111,6 +113,15 @@ function transform(
         name: 'metro',
         platform: options.platform,
         inlinePlatform: options.inlinePlatform,
+        // A string `enableBabelRuntime` is the `@babel/runtime` version that
+        // presets such as `@react-native/babel-preset` may target.
+        ...(options.babelRuntimeModuleName != null &&
+        options.babelRuntimeVersion != null
+          ? {
+              babelRuntimeModuleName: options.babelRuntimeModuleName,
+              enableBabelRuntime: options.babelRuntimeVersion,
+            }
+          : null),
       },
       // NOTE(EvanBacon): We split the parse/transform steps up to accommodate
       // Hermes parsing, but this defaults to cloning the AST which increases
diff --git a/packages/metro-transform-worker/src/__tests__/index-test.js b/packages/metro-transform-worker/src/__tests__/index-test.js
index 2387b786ba..a9257f36e2 100644
--- a/packages/metro-transform-worker/src/__tests__/index-test.js
+++ b/packages/metro-transform-worker/src/__tests__/index-test.js
@@ -30,6 +30,10 @@ jest
 
 import type {JsTransformerConfig, JsTransformOptions} from '../index';
 import typeof * as TransformerType from '../index';
+import type {
+  BabelTransformer,
+  BabelTransformerArgs,
+} from 'metro-babel-transformer';
 import typeof FSType from 'node:fs';
 
 const {Buffer} = require('node:buffer');
@@ -280,6 +284,57 @@ test('does not add "use strict" on non-modules', async () => {
   );
 });
 
+function mockBabelTransformer(): JestMockFn<
+  [BabelTransformerArgs],
+  ReturnType<BabelTransformer['transform']>,
+> {
+  const actual = jest.requireActual<BabelTransformer>(babelTransformerPath);
+  const transform = jest.fn(actual.transform);
+  jest.doMock(babelTransformerPath, () => ({...actual, transform}));
+  return transform;
+}
+
+test("passes Metro's own Babel runtime when enableBabelRuntime is true", async () => {
+  const babelTransform = mockBabelTransformer();
+  const {version} = jest.requireActual<{version: string, ...}>(
+    require.resolve('@babel/runtime/package.json', {
+      paths: [path.dirname(require.resolve('metro-runtime/package.json'))],
+    }),
+  );
+
+  await Transformer.transform(
+    baseConfig,
+    '/root',
+    'local/file.js',
+    Buffer.from('arbitrary(code)', 'utf8'),
+    baseTransformOptions,
+  );
+
+  expect(babelTransform.mock.calls[0][0].options).toMatchObject({
+    babelRuntimeModuleName: 'metro:babel-runtime',
+    babelRuntimeVersion: version,
+  });
+});
+
+test.each([false, '7.25.0'])(
+  "does not pass Metro's own Babel runtime when enableBabelRuntime is %p",
+  async enableBabelRuntime => {
+    const babelTransform = mockBabelTransformer();
+
+    await Transformer.transform(
+      {...baseConfig, enableBabelRuntime},
+      '/root',
+      'local/file.js',
+      Buffer.from('arbitrary(code)', 'utf8'),
+      baseTransformOptions,
+    );
+
+    const {options} = babelTransform.mock.calls[0][0];
+    expect(options).not.toHaveProperty('babelRuntimeModuleName');
+    expect(options).not.toHaveProperty('babelRuntimeVersion');
+  },
+);
+
 test('preserves require() calls when module wrapping is disabled', async () => {
   const contents = ['require("./c");'].join('\n');
 
diff --git a/packages/metro-transform-worker/src/index.js b/packages/metro-transform-worker/src/index.js
index 0758f034d7..185c708809 100644
--- a/packages/metro-transform-worker/src/index.js
+++ b/packages/metro-transform-worker/src/index.js
@@ -53,6 +53,10 @@ import {
   vlqMapFromTuples,
 } from 'metro-source-map';
 import metroTransformPlugins from 'metro-transform-plugins';
+import {
+  getMetroBabelRuntimePackageJsonPath,
+  getMetroBabelRuntimeVersion,
+} from 'metro/private/lib/metroBabelRuntime';
 import collectDependencies from 'metro/private/ModuleGraph/worker/collectDependencies';
 import generateImportNames from 'metro/private/ModuleGraph/worker/generateImportNames';
 import {
@@ -65,6 +69,10 @@ import nullthrows from 'nullthrows';
 const InternalInvalidRequireCallError =
   collectDependencies.InvalidRequireCallError;
 
+// Resolved by Metro's `metro:` scheme resolver to the `@babel/runtime`
+// guaranteed to exist at a known version.
+const METRO_BABEL_RUNTIME_MODULE_NAME = 'metro:babel-runtime';
+
 type MinifierConfig = Readonly<{[key: string]: unknown, ...}>;
 
 export type MinifierOptions = {
@@ -660,6 +668,12 @@ function getBabelTransformArgs(
     filename: file.filename, // System-separated, project-root-relative
     options: {
       ...babelTransformerOptions,
+      ...(config.enableBabelRuntime === true
+        ? {
+            babelRuntimeModuleName: METRO_BABEL_RUNTIME_MODULE_NAME,
+            babelRuntimeVersion: getMetroBabelRuntimeVersion(),
+          }
+        : null),
       enableBabelRCLookup: config.enableBabelRCLookup,
       enableBabelRuntime: config.enableBabelRuntime,
       globalPrefix: config.globalPrefix,
@@ -756,6 +770,11 @@ export const getCacheKey = (
     require.resolve('metro/private/ModuleGraph/worker/generateImportNames'),
     require.resolve('metro/private/ModuleGraph/worker/JsFileWrapping'),
     ...metroTransformPlugins.getTransformPluginCacheKeyFiles(),
+    // Transform output depends on the installed version of Metro's own
+    // `@babel/runtime`, which is read from its `package.json`.
+    ...(config.enableBabelRuntime === true
+      ? [getMetroBabelRuntimePackageJsonPath()]
+      : []),
   ]);
 
   // $FlowFixMe[unsupported-syntax]
diff --git a/packages/metro/src/integration_tests/__tests__/babel-runtime-test.js b/packages/metro/src/integration_tests/__tests__/babel-runtime-test.js
new file mode 100644
index 0000000000..b42f185f83
--- /dev/null
+++ b/packages/metro/src/integration_tests/__tests__/babel-runtime-test.js
@@ -0,0 +1,88 @@
+/**
+ * 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.
+ *
+ * @format
+ * @oncall react_native
+ */
+
+'use strict';
+
+const Metro = require('../../..');
+const execBundle = require('../execBundle');
+const path = require('node:path');
+
+jest.setTimeout(30 * 1000);
+
+const PROJECT_ROOT = path.resolve(__dirname, '../basic_bundle/babel-runtime');
+
+// The `interopRequireWildcard` helper of the `@babel/runtime` that
+// metro-runtime depends on.
+function getBabelRuntimeHelperPath() {
+  return require.resolve('@babel/runtime/helpers/interopRequireWildcard', {
+    paths: [path.dirname(require.resolve('metro-runtime/package.json'))],
+  });
+}
+
+async function build(enableBabelRuntime) {
+  const baseConfig = await Metro.loadConfig({
+    config: require.resolve('../metro.config.js'),
+  });
+  // Build with Metro's own Babel transformer, which leaves Babel to discover
+  // the fixture's `babel.config.js` from the project root, and have Babel
+  // (rather than Metro) compile ESM so its helpers are exercised.
+  const config = {
+    ...baseConfig,
+    projectRoot: PROJECT_ROOT,
+    // Metro's own `@babel/runtime` is hoisted to the repo root, outside the
+    // shared config's watch folders.
+    watchFolders: [
+      ...baseConfig.watchFolders,
+      path.dirname(path.dirname(getBabelRuntimeHelperPath())),
+    ],
+    transformer: {
+      ...baseConfig.transformer,
+      babelTransformerPath: require.resolve('metro-babel-transformer'),
+      enableBabelRuntime,
+      getTransformOptions: async () => ({
+        transform: {experimentalImportSupport: false, inlineRequires: false},
+      }),
+    },
+  };
+  const result = await Metro.runBuild(config, {
+    entry: 'index.js',
+    dev: true,
+    minify: false,
+  });
+  return result.code;
+}
+
+test("imports helpers from Metro's own @babel/runtime when enableBabelRuntime is true", async () => {
+  const code = await build(true);
+
+  expect(code).toContain(
+    '"metro:babel-runtime/helpers/interopRequireWildcard"',
+  );
+
+  // The helper is bundled from the `@babel/runtime` that metro-runtime depends
+  // on.
+  const helperPath = getBabelRuntimeHelperPath();
+  expect(code.replaceAll('\\\\', '/')).toContain(
+    JSON.stringify(
+      path.relative(PROJECT_ROOT, helperPath).replaceAll('\\', '/'),
+    ),
+  );
+
+  expect(execBundle(code)).toMatchObject({answer: 42});
+});
+
+test('inlines helpers when enableBabelRuntime is false', async () => {
+  const code = await build(false);
+
+  expect(code).not.toContain('metro:babel-runtime');
+  expect(code).toContain('function _interopRequireWildcard(');
+
+  expect(execBundle(code)).toMatchObject({answer: 42});
+});
diff --git a/packages/metro/src/integration_tests/basic_bundle/babel-runtime/babel.config.js b/packages/metro/src/integration_tests/basic_bundle/babel-runtime/babel.config.js
new file mode 100644
index 0000000000..2e4c40b546
--- /dev/null
+++ b/packages/metro/src/integration_tests/basic_bundle/babel-runtime/babel.config.js
@@ -0,0 +1,42 @@
+/**
+ * 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.
+ *
+ * @format
+ * @oncall react_native
+ */
+
+'use strict';
+
+// A minimal stand-in for a preset such as `@react-native/babel-preset`, which
+// reads `@babel/runtime` configuration from Babel caller data. As a root config
+// it applies to every file in the bundle, so beyond stripping Flow (from
+// Metro's own polyfills) it only transforms the fixture's modules.
+module.exports = api => {
+  const moduleName = api.caller(caller => caller?.babelRuntimeModuleName);
+  const version = api.caller(caller => caller?.enableBabelRuntime);
+  return {
+    plugins: [
+      require.resolve('flow-parser/babel-plugin'),
+      require.resolve('@babel/plugin-transform-flow-strip-types'),
+    ],
+    overrides: [
+      {
+        test: __dirname,
+        plugins: [
+          require.resolve('@babel/plugin-transform-modules-commonjs'),
+          ...(typeof moduleName === 'string' && typeof version === 'string'
+            ? [
+                [
+                  require.resolve('@babel/plugin-transform-runtime'),
+                  {helpers: true, regenerator: false, moduleName, version},
+                ],
+              ]
+            : []),
+        ],
+      },
+    ],
+  };
+};
diff --git a/packages/metro/src/integration_tests/basic_bundle/babel-runtime/index.js b/packages/metro/src/integration_tests/basic_bundle/babel-runtime/index.js
new file mode 100644
index 0000000000..fff6e1482f
--- /dev/null
+++ b/packages/metro/src/integration_tests/basic_bundle/babel-runtime/index.js
@@ -0,0 +1,16 @@
+/**
+ * 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.
+ *
+ * @format
+ * @oncall react_native
+ */
+
+// `import * as` uses Babel's `interopRequireWildcard` helper, which
+// `@babel/runtime` only provides from 7.14.0. It is imported from the runtime
+// only when the preset is told a recent enough version, and inlined otherwise.
+import * as values from './values';
+
+export const answer = values.answer;
diff --git a/packages/metro/src/integration_tests/basic_bundle/babel-runtime/values.js b/packages/metro/src/integration_tests/basic_bundle/babel-runtime/values.js
new file mode 100644
index 0000000000..850632777d
--- /dev/null
+++ b/packages/metro/src/integration_tests/basic_bundle/babel-runtime/values.js
@@ -0,0 +1,11 @@
+/**
+ * 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.
+ *
+ * @format
+ * @oncall react_native
+ */
+
+export const answer = 42;
diff --git a/packages/metro/src/lib/metroBabelRuntime.js b/packages/metro/src/lib/metroBabelRuntime.js
new file mode 100644
index 0000000000..791eb3f8a9
--- /dev/null
+++ b/packages/metro/src/lib/metroBabelRuntime.js
@@ -0,0 +1,50 @@
+/**
+ * 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 * as path from 'node:path';
+
+// Resolved on first use rather than at module load, so that importing this
+// module (e.g. transitively from a resolution context) cannot fail in projects
+// that never use Metro's own `@babel/runtime`.
+let packageJsonPath: ?string = null;
+let version: ?string = null;
+
+/**
+ * The `package.json` path of the `@babel/runtime` that metro-runtime depends
+ * on, which `metro:babel-runtime` resolves to.
+ */
+export function getMetroBabelRuntimePackageJsonPath(): string {
+  if (packageJsonPath == null) {
+    const metroRuntimeDir = path.dirname(
+      require.resolve('metro-runtime/package.json'),
+    );
+    packageJsonPath = require.resolve('@babel/runtime/package.json', {
+      paths: [metroRuntimeDir],
+    });
+  }
+  return packageJsonPath;
+}
+
+/**
+ * The installed version of the `@babel/runtime` that `metro:babel-runtime`
+ * resolves to.
+ */
+export function getMetroBabelRuntimeVersion(): string {
+  if (version == null) {
+    // $FlowFixMe[unsupported-syntax] Dynamic require of a resolved JSON path
+    const packageJson = require(getMetroBabelRuntimePackageJsonPath()) as {
+      version: string,
+      ...
+    };
+    version = packageJson.version;
+  }
+  return version;
+}
diff --git a/packages/metro/src/lib/metroSchemeResolver.js b/packages/metro/src/lib/metroSchemeResolver.js
index 590256bd5e..55d55acd5b 100644
--- a/packages/metro/src/lib/metroSchemeResolver.js
+++ b/packages/metro/src/lib/metroSchemeResolver.js
@@ -11,29 +11,11 @@
 
 import type {CustomResolver} from 'metro-resolver';
 
-import * as path from 'node:path';
+import {getMetroBabelRuntimePackageJsonPath} from './metroBabelRuntime';
 
 const BABEL_RUNTIME_SPECIFIER = 'babel-runtime';
 const BABEL_RUNTIME_PACKAGE = '@babel/runtime';
 
-// Resolved on first use rather than at module load, so that importing this
-// module (e.g. transitively from a resolution context) cannot fail in projects
-// that never emit a `metro:` specifier.
-let babelRuntimePackageJsonPath: ?string = null;
-
-function getBabelRuntimePackageJsonPath(): string {
-  if (babelRuntimePackageJsonPath == null) {
-    const metroRuntimeDir = path.dirname(
-      require.resolve('metro-runtime/package.json'),
-    );
-    babelRuntimePackageJsonPath = require.resolve(
-      '@babel/runtime/package.json',
-      {paths: [metroRuntimeDir]},
-    );
-  }
-  return babelRuntimePackageJsonPath;
-}
-
 /**
  * Resolver used for Metro's own `metro:` URI scheme, currently handling only
  * metro:babel-runtime and subpaths.
@@ -45,7 +27,7 @@ export default ((context, specifier, platform) => {
   // `metro:babel-runtime/helpers/interopRequireDefault`) to metro-runtime's
   // `@babel/runtime` dependency, so injected Babel helpers resolve
   // deterministically regardless of where `@babel/runtime` is hoisted. The
-  // `@babel/runtime` root is resolved via Node (above), the subpath is then
+  // `@babel/runtime` root is resolved via Node (see `metroBabelRuntime`), the subpath is then
   // resolved by Metro as a package self-reference, with the origin inside
   // `@babel/runtime` so its `exports` map is applied.
   if (
@@ -54,7 +36,7 @@ export default ((context, specifier, platform) => {
   ) {
     const subpath = pathname.slice(BABEL_RUNTIME_SPECIFIER.length);
     return context.resolveRequest(
-      {...context, originModulePath: getBabelRuntimePackageJsonPath()},
+      {...context, originModulePath: getMetroBabelRuntimePackageJsonPath()},
       BABEL_RUNTIME_PACKAGE + subpath,
       platform,
     );