diff --git a/package.json b/package.json
index 87814fbf9..c9cd632fd 100644
--- a/package.json
+++ b/package.json
@@ -20,7 +20,7 @@
     "url": "https://github.com/twilio/twilio-node.git"
   },
   "dependencies": {
-    "axios": "^0.26.1",
+    "axios": "^1.6.0",
     "dayjs": "^1.11.9",
     "https-proxy-agent": "^5.0.0",
     "jsonwebtoken": "^9.0.0",
diff --git a/src/base/RequestClient.ts b/src/base/RequestClient.ts
index 002f2866e..3d573e26b 100644
--- a/src/base/RequestClient.ts
+++ b/src/base/RequestClient.ts
@@ -57,7 +57,7 @@ function getExponentialBackoffResponseHandler(
       );
       const delay = Math.floor(baseDelay * Math.random()); // Full jitter backoff
 
-      return new Promise((resolve) => {
+      return new Promise((resolve: (value: Promise<AxiosResponse>) => void) => {
         setTimeout(() => resolve(axios(config)), delay);
       });
     }