diff --git a/Lib/test/test_sqlite3/test_dbapi.py b/Lib/test/test_sqlite3/test_dbapi.py
index 1fa02db3b3af41..fb14c0bc71d99e 100644
--- a/Lib/test/test_sqlite3/test_dbapi.py
+++ b/Lib/test/test_sqlite3/test_dbapi.py
@@ -887,6 +887,14 @@ def test_rowcount_executemany(self):
         self.cu.executemany("insert into test(name) values (?)", [(1,), (2,), (3,)])
         self.assertEqual(self.cu.rowcount, 3)
 
+    @unittest.skipIf(sqlite.sqlite_version_info < (3, 35, 0),
+                     "Requires SQLite 3.35.0 or newer")
+    def test_rowcount_update_returning(self):
+        # gh-93421: rowcount is updated correctly for UPDATE...RETURNING queries
+        self.cu.execute("update test set name='bar' where name='foo' returning 1")
+        self.assertEqual(self.cu.fetchone()[0], 1)
+        self.assertEqual(self.cu.rowcount, 1)
+
     def test_total_changes(self):
         self.cu.execute("insert into test(name) values ('foo')")
         self.cu.execute("insert into test(name) values ('foo')")
diff --git a/Misc/NEWS.d/next/Library/2022-06-05-22-22-42.gh-issue-93421.43UO_8.rst b/Misc/NEWS.d/next/Library/2022-06-05-22-22-42.gh-issue-93421.43UO_8.rst
new file mode 100644
index 00000000000000..085ea94c03c64e
--- /dev/null
+++ b/Misc/NEWS.d/next/Library/2022-06-05-22-22-42.gh-issue-93421.43UO_8.rst
@@ -0,0 +1,2 @@
+Fix :data:`sqlite3.Cursor.rowcount` for ``UPDATE ... RETURNING``` SQL
+queries. Patch by Erlend E. Aasland.
diff --git a/Modules/_sqlite/cursor.c b/Modules/_sqlite/cursor.c
index c58def5f0362f1..115f0c83f095d9 100644
--- a/Modules/_sqlite/cursor.c
+++ b/Modules/_sqlite/cursor.c
@@ -776,6 +776,16 @@ stmt_mark_dirty(pysqlite_Statement *self)
     self->in_use = 1;
 }
 
+static inline sqlite3_int64
+total_changes(sqlite3 *db)
+{
+#if SQLITE_VERSION_NUMBER >= 3037000
+    return sqlite3_total_changes64(db);
+#else
+    return (sqlite3_int64)sqlite3_total_changes(db);
+#endif
+}
+
 PyObject *
 _pysqlite_query_execute(pysqlite_Cursor* self, int multiple, PyObject* operation, PyObject* second_argument)
 {
@@ -835,10 +845,9 @@ _pysqlite_query_execute(pysqlite_Cursor* self, int multiple, PyObject* operation
         stmt_reset(self->statement);
     }
 
-    /* reset description and rowcount */
+    /* reset description */
     Py_INCREF(Py_None);
     Py_SETREF(self->description, Py_None);
-    self->rowcount = 0L;
 
     if (self->statement) {
         (void)stmt_reset(self->statement);
@@ -879,6 +888,14 @@ _pysqlite_query_execute(pysqlite_Cursor* self, int multiple, PyObject* operation
         }
     }
 
+    if (self->statement->is_dml) {
+        // Save current row count
+        self->rowcount = total_changes(self->connection->db);
+    }
+    else {
+        self->rowcount = -1L;
+    }
+
     while (1) {
         parameters = PyIter_Next(parameters_iter);
         if (!parameters) {
@@ -944,12 +961,6 @@ _pysqlite_query_execute(pysqlite_Cursor* self, int multiple, PyObject* operation
             }
         }
 
-        if (self->statement->is_dml) {
-            self->rowcount += (long)sqlite3_changes(self->connection->db);
-        } else {
-            self->rowcount= -1L;
-        }
-
         if (rc == SQLITE_DONE && !multiple) {
             stmt_reset(self->statement);
             Py_CLEAR(self->statement);
@@ -1308,6 +1319,19 @@ pysqlite_cursor_close_impl(pysqlite_Cursor *self)
     Py_RETURN_NONE;
 }
 
+static PyObject *
+get_rowcount(pysqlite_Cursor *self, void *Py_UNUSED(closure))
+{
+    if (!check_cursor(self)) {
+        return NULL;
+    }
+    if (self->rowcount == -1L) {
+        return PyLong_FromLong(-1L);
+    }
+    sqlite3_int64 changes = total_changes(self->connection->db);
+    return PyLong_FromLong(changes - self->rowcount);
+}
+
 static PyMethodDef cursor_methods[] = {
     PYSQLITE_CURSOR_CLOSE_METHODDEF
     PYSQLITE_CURSOR_EXECUTEMANY_METHODDEF
@@ -1327,12 +1351,16 @@ static struct PyMemberDef cursor_members[] =
     {"description", T_OBJECT, offsetof(pysqlite_Cursor, description), READONLY},
     {"arraysize", T_INT, offsetof(pysqlite_Cursor, arraysize), 0},
     {"lastrowid", T_OBJECT, offsetof(pysqlite_Cursor, lastrowid), READONLY},
-    {"rowcount", T_LONG, offsetof(pysqlite_Cursor, rowcount), READONLY},
     {"row_factory", T_OBJECT, offsetof(pysqlite_Cursor, row_factory), 0},
     {"__weaklistoffset__", T_PYSSIZET, offsetof(pysqlite_Cursor, in_weakreflist), READONLY},
     {NULL}
 };
 
+static PyGetSetDef cursor_getset[] = {
+    {"rowcount",  (getter)get_rowcount, (setter)NULL},
+    {NULL},
+};
+
 static const char cursor_doc[] =
 PyDoc_STR("SQLite database cursor class.");
 
@@ -1346,6 +1374,7 @@ static PyType_Slot cursor_slots[] = {
     {Py_tp_init, pysqlite_cursor_init},
     {Py_tp_traverse, cursor_traverse},
     {Py_tp_clear, cursor_clear},
+    {Py_tp_getset, cursor_getset},
     {0, NULL},
 };
 
diff --git a/Modules/_sqlite/cursor.h b/Modules/_sqlite/cursor.h
index 0bcdddc3e29595..3ef1caf1a1edd9 100644
--- a/Modules/_sqlite/cursor.h
+++ b/Modules/_sqlite/cursor.h
@@ -38,7 +38,7 @@ typedef struct
     PyObject* row_cast_map;
     int arraysize;
     PyObject* lastrowid;
-    long rowcount;
+    sqlite3_int64 rowcount;  // Saved row count
     PyObject* row_factory;
     pysqlite_Statement* statement;
     int closed;