diff --git a/packages/app/lib/common/index.js b/packages/app/lib/common/index.js
index d4ff6fb134..c731d7f341 100644
--- a/packages/app/lib/common/index.js
+++ b/packages/app/lib/common/index.js
@@ -403,6 +403,15 @@ const mapOfDeprecationReplacements = {
       NotificationAndroidVisibility: 'NotificationAndroidVisibility',
     },
   },
+  perf: {
+    default: {
+      setPerformanceCollectionEnabled: 'initializePerformance()',
+      newTrace: 'trace()',
+      newHttpMetric: 'httpMetric()',
+      newScreenTrace: 'newScreenTrace()',
+      startScreenTrace: 'startScreenTrace()',
+    },
+  },
   remoteConfig: {
     default: {
       activate: 'activate()',
diff --git a/packages/perf/__tests__/perf.test.ts b/packages/perf/__tests__/perf.test.ts
index feb6e8ee77..ad6bbe1eb1 100644
--- a/packages/perf/__tests__/perf.test.ts
+++ b/packages/perf/__tests__/perf.test.ts
@@ -1,4 +1,4 @@
-import { afterAll, beforeAll, describe, expect, it } from '@jest/globals';
+import { afterAll, beforeAll, describe, expect, it, beforeEach, jest } from '@jest/globals';
 
 import perf, {
   firebase,
@@ -10,6 +10,14 @@ import perf, {
   startScreenTrace,
 } from '../lib';
 
+import {
+  createCheckV9Deprecation,
+  CheckV9DeprecationFunction,
+} from '../../app/lib/common/unitTestUtils';
+
+// @ts-ignore test
+import FirebaseModule from '../../app/lib/internal/FirebaseModule';
+
 describe('Performance Monitoring', function () {
   describe('namespace', function () {
     beforeAll(async function () {
@@ -163,4 +171,65 @@ describe('Performance Monitoring', function () {
       expect(startScreenTrace).toBeDefined();
     });
   });
+
+  describe('test `console.warn` is called for RNFB v8 API & not called for v9 API', function () {
+    let perfV9Deprecation: CheckV9DeprecationFunction;
+
+    beforeEach(function () {
+      perfV9Deprecation = createCheckV9Deprecation(['perf']);
+
+      // @ts-ignore test
+      jest.spyOn(FirebaseModule.prototype, 'native', 'get').mockImplementation(() => {
+        return new Proxy(
+          {},
+          {
+            get: () =>
+              jest.fn().mockResolvedValue({
+                result: true,
+                constants: {
+                  isPerformanceCollectionEnabled: true,
+                  isInstrumentationEnabled: true,
+                },
+              } as never),
+          },
+        );
+      });
+    });
+
+    it('newTrace()', function () {
+      const perf = getPerformance();
+      perfV9Deprecation(
+        () => trace(perf, 'invertase'),
+        () => perf.newTrace('invertase'),
+        'newTrace',
+      );
+    });
+
+    it('newHttpMetric()', function () {
+      const perf = getPerformance();
+      perfV9Deprecation(
+        () => httpMetric(perf, 'https://invertase.io', 'GET'),
+        () => perf.newHttpMetric('https://invertase.io', 'GET'),
+        'newHttpMetric',
+      );
+    });
+
+    it('newScreenTrace()', function () {
+      const perf = getPerformance();
+      perfV9Deprecation(
+        () => newScreenTrace(perf, 'invertase'),
+        () => perf.newScreenTrace('invertase'),
+        'newScreenTrace',
+      );
+    });
+
+    it('startScreenTrace()', function () {
+      const perf = getPerformance();
+      perfV9Deprecation(
+        () => startScreenTrace(perf, 'invertase'),
+        () => perf.startScreenTrace('invertase'),
+        'startScreenTrace',
+      );
+    });
+  });
 });
diff --git a/packages/perf/lib/modular/index.js b/packages/perf/lib/modular/index.js
index 26c8b8581e..959eeb5ac6 100644
--- a/packages/perf/lib/modular/index.js
+++ b/packages/perf/lib/modular/index.js
@@ -23,9 +23,10 @@
  * @typedef {import('..').FirebasePerformanceTypes.HttpMetric} HttpMetric
  */
 
-import { isBoolean } from '@react-native-firebase/app/lib/common';
 import { getApp } from '@react-native-firebase/app';
 
+import { MODULAR_DEPRECATION_ARG } from '@react-native-firebase/app/lib/common';
+
 /**
  * Returns a Performance instance for the given app.
  * @param app - FirebaseApp. Optional.
@@ -48,8 +49,11 @@ export function getPerformance(app) {
 export async function initializePerformance(app, settings) {
   const perf = getApp(app.name).perf();
 
-  if (settings && isBoolean(settings.dataCollectionEnabled)) {
-    await perf.setPerformanceCollectionEnabled(settings.dataCollectionEnabled);
+  if (settings && settings.dataCollectionEnabled !== undefined) {
+    perf.dataCollectionEnabled = settings.dataCollectionEnabled;
+  }
+  if (settings && settings.instrumentationEnabled !== undefined) {
+    perf.instrumentationEnabled = settings.instrumentationEnabled;
   }
 
   return perf;
@@ -62,7 +66,7 @@ export async function initializePerformance(app, settings) {
  * @returns {Trace}
  */
 export function trace(perf, identifier) {
-  return perf.newTrace(identifier);
+  return perf.newTrace.call(perf, identifier, MODULAR_DEPRECATION_ARG);
 }
 
 /**
@@ -72,7 +76,7 @@ export function trace(perf, identifier) {
  * @returns {HttpMetric}
  */
 export function httpMetric(perf, identifier, httpMethod) {
-  return perf.newHttpMetric(identifier, httpMethod);
+  return perf.newHttpMetric.call(perf, identifier, httpMethod, MODULAR_DEPRECATION_ARG);
 }
 
 /**
@@ -84,7 +88,7 @@ export function httpMetric(perf, identifier, httpMethod) {
  * @returns {ScreenTrace}
  */
 export function newScreenTrace(perf, identifier) {
-  return perf.newScreenTrace(identifier);
+  return perf.newScreenTrace.call(perf, identifier, MODULAR_DEPRECATION_ARG);
 }
 /**
  * Creates a ScreenTrace instance with the given identifier and immediately starts it.
@@ -95,5 +99,5 @@ export function newScreenTrace(perf, identifier) {
  * @returns {Promise<ScreenTrace>}
  */
 export function startScreenTrace(perf, identifier) {
-  return perf.startScreenTrace(identifier);
+  return perf.startScreenTrace.call(perf, identifier, MODULAR_DEPRECATION_ARG);
 }