diff --git a/src/Illuminate/Collections/Traits/EnumeratesValues.php b/src/Illuminate/Collections/Traits/EnumeratesValues.php
index 129921d7f1c7..50823ba6481a 100644
--- a/src/Illuminate/Collections/Traits/EnumeratesValues.php
+++ b/src/Illuminate/Collections/Traits/EnumeratesValues.php
@@ -319,6 +319,33 @@ public function firstWhere($key, $operator = null, $value = null)
         return $this->first($this->operatorForWhere(...func_get_args()));
     }
 
+    /**
+     * Returns the first value that is not null from the given callback.
+     *
+     * @template TCallbackValue
+     * @template TValueDefault
+     *
+     * @param  callable(TValue, TKey): TCallbackValue|null  $callback
+     * @param  TValueDefault|(\Closure(): TValueDefault)  $default
+     * @return TCallbackValue|TValueDefault
+     */
+    public function firstValue($callback, $default = null)
+    {
+        $value = null;
+
+        $this->each(function ($item, $key) use (&$value, $callback) {
+            $result = $callback($item, $key);
+
+            if (! is_null($result)) {
+                $value = $result;
+
+                return false;
+            }
+        });
+
+        return $value ?? value($default);
+    }
+
     /**
      * Get a single key's value from the first matching item in the collection.
      *
diff --git a/tests/Support/SupportCollectionTest.php b/tests/Support/SupportCollectionTest.php
index 0e246dc8f3d5..50d7887e7e11 100755
--- a/tests/Support/SupportCollectionTest.php
+++ b/tests/Support/SupportCollectionTest.php
@@ -73,6 +73,58 @@ public function testFirstWithDefaultAndWithoutCallback($collection)
         $this->assertSame('foo', $result);
     }
 
+    #[DataProvider('collectionClassProvider')]
+    public function testFirstValueReturnsValue($collection)
+    {
+        $data = new $collection([
+            ['index' => 1, 'value' => 'foo'],
+            ['index' => 2, 'value' => 'bar'],
+            ['index' => 3, 'value' => 'baz'],
+        ]);
+
+        $result = $data->firstValue(function ($item) {
+            if ($item['index'] === 3) {
+                return $item['value'];
+            }
+        });
+
+        $this->assertSame('baz', $result);
+
+        $result = $data->firstValue(function ($item) {
+            if ($item['index'] === 4) {
+                return $item['value'];
+            }
+        });
+
+        $this->assertNull($result);
+    }
+
+    #[DataProvider('collectionClassProvider')]
+    public function testFirstValueWithDefaultReturnsValue($collection)
+    {
+        $data = new $collection([
+            ['index' => 1, 'value' => 'foo'],
+            ['index' => 2, 'value' => 'bar'],
+            ['index' => 3, 'value' => 'baz'],
+        ]);
+
+        $result = $data->firstValue(function ($item) {
+            if ($item['index'] === 3) {
+                return $item['value'];
+            }
+        }, 'default');
+
+        $this->assertSame('baz', $result);
+
+        $result = $data->firstValue(function ($item) {
+            if ($item['index'] === 4) {
+                return $item['value'];
+            }
+        }, 'default');
+
+        $this->assertSame('default', $result);
+    }
+
     #[DataProvider('collectionClassProvider')]
     public function testSoleReturnsFirstItemInCollectionIfOnlyOneExists($collection)
     {