diff --git a/packages/expect/src/__tests__/__snapshots__/spy_matchers.test.js.snap b/packages/expect/src/__tests__/__snapshots__/spy_matchers.test.js.snap
index fd64c30e1931..80f11d07460e 100644
--- a/packages/expect/src/__tests__/__snapshots__/spy_matchers.test.js.snap
+++ b/packages/expect/src/__tests__/__snapshots__/spy_matchers.test.js.snap
@@ -1059,3 +1059,75 @@ exports[`toHaveBeenNthCalledWith works with trailing undefined arguments 1`] = `
 Expected mock function first call to have been called with:
   Did not expect argument 2 but it was called with <red>undefined</>."
 `;
+
+exports[`toHaveReturnedValue .not passes when called 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).toHaveReturnedValue(</><green>expected</><dim>)</>
+
+Expected mock function to have returned:
+  <green>\\"Some Other Value\\"</>"
+`;
+
+exports[`toHaveReturnedValue .not passes when called with no arguments 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).toHaveReturnedValue(</><green>expected</><dim>)</>
+
+Expected mock function to have returned:
+  <green>undefined</>"
+`;
+
+exports[`toHaveReturnedValue passes when called 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).not.toHaveReturnedValue(</><green>expected</><dim>)</>
+
+Expected mock function not to have returned:
+  <green>\\"Return Value\\"</>"
+`;
+
+exports[`toHaveReturnedValue passes with no arguments 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).not.toHaveReturnedValue(</><green>expected</><dim>)</>
+
+Expected mock function not to have returned:
+  <green>undefined</>"
+`;
+
+exports[`toHaveReturnedValue works only on spies or jest.fn 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>)[.not].toHaveReturnedValue(</><dim>)</>
+
+<red>jest.fn()</> value must be a mock function or spy.
+Received:
+  function: <red>[Function fn]</>"
+`;
+
+exports[`toReturnValue .not passes when called 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).toReturnValue(</><green>expected</><dim>)</>
+
+Expected mock function to have returned:
+  <green>\\"Some Other Value\\"</>"
+`;
+
+exports[`toReturnValue .not passes when called with no arguments 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).toReturnValue(</><green>expected</><dim>)</>
+
+Expected mock function to have returned:
+  <green>undefined</>"
+`;
+
+exports[`toReturnValue passes when called 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).not.toReturnValue(</><green>expected</><dim>)</>
+
+Expected mock function not to have returned:
+  <green>\\"Return Value\\"</>"
+`;
+
+exports[`toReturnValue passes with no arguments 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>).not.toReturnValue(</><green>expected</><dim>)</>
+
+Expected mock function not to have returned:
+  <green>undefined</>"
+`;
+
+exports[`toReturnValue works only on spies or jest.fn 1`] = `
+"<dim>expect(</><red>jest.fn()</><dim>)[.not].toReturnValue(</><dim>)</>
+
+<red>jest.fn()</> value must be a mock function or spy.
+Received:
+  function: <red>[Function fn]</>"
+`;
diff --git a/packages/expect/src/__tests__/spy_matchers.test.js b/packages/expect/src/__tests__/spy_matchers.test.js
index 91624ef28515..689204abbe04 100644
--- a/packages/expect/src/__tests__/spy_matchers.test.js
+++ b/packages/expect/src/__tests__/spy_matchers.test.js
@@ -342,3 +342,70 @@ const jestExpect = require('../');
     }
   });
 });
+
+['toReturnValue', 'toHaveReturnedValue'].forEach(called => {
+  describe(`${called}`, () => {
+    test(`works only on spies or jest.fn`, () => {
+      const fn = function fn() {};
+
+      expect(() => jestExpect(fn)[called]()).toThrowErrorMatchingSnapshot();
+    });
+
+    test(`passes with no arguments`, () => {
+      const fn = jest.fn();
+      fn();
+      jestExpect(fn)[called]();
+      expect(() => jestExpect(fn).not[called]()).toThrowErrorMatchingSnapshot();
+    });
+
+    test(`.not passes when called with no arguments`, () => {
+      const fn = jest.fn(() => 'Return Value');
+
+      fn();
+      jestExpect(fn).not[called]();
+      expect(() => jestExpect(fn)[called]()).toThrowErrorMatchingSnapshot();
+    });
+
+    test(`passes when called`, () => {
+      const fn = jest.fn(() => 'Return Value');
+      fn();
+      jestExpect(fn)[called]('Return Value');
+      expect(() =>
+        jestExpect(fn).not[called]('Return Value'),
+      ).toThrowErrorMatchingSnapshot();
+    });
+
+    test(`.not passes when called`, () => {
+      const fn = jest.fn(() => 'Return Value');
+      fn();
+      jestExpect(fn).not[called]('Some Other Value');
+      expect(() =>
+        jestExpect(fn)[called]('Some Other Value'),
+      ).toThrowErrorMatchingSnapshot();
+    });
+
+    test(`passes with mutliple calls`, () => {
+      const fn = jest.fn(a => a * 2);
+
+      fn(1);
+      fn(2);
+      fn(3);
+
+      jestExpect(fn)[called](2);
+      jestExpect(fn)[called](4);
+      jestExpect(fn)[called](6);
+    });
+
+    test(`.not passes with multiple calls`, () => {
+      const fn = jest.fn(a => a * 2);
+
+      fn(1);
+      fn(2);
+      fn(3);
+
+      jestExpect(fn).not[called](1);
+      jestExpect(fn).not[called](3);
+      jestExpect(fn).not[called](5);
+    });
+  });
+});
diff --git a/packages/expect/src/spy_matchers.js b/packages/expect/src/spy_matchers.js
index f1e4e7585dd4..0ed5c25f5b74 100644
--- a/packages/expect/src/spy_matchers.js
+++ b/packages/expect/src/spy_matchers.js
@@ -118,6 +118,38 @@ const createToBeCalledWithMatcher = matcherName => (
   return {message, pass};
 };
 
+const createToReturnValuesMatcher = matcherName => (
+  received: any,
+  expected: any,
+) => {
+  ensureMock(received, matcherName);
+
+  const receivedIsSpy = isSpy(received);
+  const type = receivedIsSpy ? 'spy' : 'mock function';
+  const receivedName = receivedIsSpy ? 'spy' : received.getMockName();
+
+  const calls = receivedIsSpy
+    ? received.returnValues.all().map(x => x.args)
+    : received.mock.returnValues;
+
+  const [match] = partition(calls, call => equals(expected, call));
+  const pass = match.length > 0;
+
+  const message = pass
+    ? () =>
+        matcherHint('.not' + matcherName, receivedName) +
+        '\n\n' +
+        `Expected ${type} not to have returned:\n` +
+        `  ${printExpected(expected)}`
+    : () =>
+        matcherHint(matcherName, receivedName) +
+        '\n\n' +
+        `Expected ${type} to have returned:\n` +
+        `  ${printExpected(expected)}`;
+
+  return {message, pass};
+};
+
 const createLastCalledWithMatcher = matcherName => (
   received: any,
   ...expected: any
@@ -206,6 +238,8 @@ const spyMatchers: MatchersObject = {
   toHaveBeenNthCalledWith: createNthCalledWithMatcher(
     '.toHaveBeenNthCalledWith',
   ),
+  toHaveReturnedValue: createToReturnValuesMatcher('.toHaveReturnedValue'),
+  toReturnValue: createToReturnValuesMatcher('.toReturnValue'),
 };
 
 const isSpy = spy => spy.calls && typeof spy.calls.count === 'function';