diff --git a/.changes/next-release/bugfix-AWSSDKforJavav2-f2c1771.json b/.changes/next-release/bugfix-AWSSDKforJavav2-f2c1771.json
new file mode 100644
index 000000000000..52aab3fc0980
--- /dev/null
+++ b/.changes/next-release/bugfix-AWSSDKforJavav2-f2c1771.json
@@ -0,0 +1,6 @@
+{
+    "category": "AWS SDK for Java v2", 
+    "contributor": "", 
+    "type": "bugfix", 
+    "description": "Fix `NullPointerException` in `RetryPolicy.hashCode()`."
+}
diff --git a/core/sdk-core/src/main/java/software/amazon/awssdk/core/retry/RetryPolicy.java b/core/sdk-core/src/main/java/software/amazon/awssdk/core/retry/RetryPolicy.java
index 4c40f1b38859..81d8b45a0838 100644
--- a/core/sdk-core/src/main/java/software/amazon/awssdk/core/retry/RetryPolicy.java
+++ b/core/sdk-core/src/main/java/software/amazon/awssdk/core/retry/RetryPolicy.java
@@ -234,7 +234,7 @@ public int hashCode() {
         result = 31 * result + Boolean.hashCode(additionalRetryConditionsAllowed);
         result = 31 * result + backoffStrategy.hashCode();
         result = 31 * result + throttlingBackoffStrategy.hashCode();
-        result = 31 * result + Boolean.hashCode(fastFailRateLimiting);
+        result = 31 * result + Objects.hashCode(fastFailRateLimiting);
         return result;
     }
 
diff --git a/core/sdk-core/src/test/java/software/amazon/awssdk/core/retry/RetryPolicyTest.java b/core/sdk-core/src/test/java/software/amazon/awssdk/core/retry/RetryPolicyTest.java
index 8171d1ff2e52..b6a26f705129 100644
--- a/core/sdk-core/src/test/java/software/amazon/awssdk/core/retry/RetryPolicyTest.java
+++ b/core/sdk-core/src/test/java/software/amazon/awssdk/core/retry/RetryPolicyTest.java
@@ -180,4 +180,9 @@ public void fastFailRateLimitingConfigured_retryModeNotAdaptive_throws() {
     public void fastFailRateLimitingConfigured_retryModeAdaptive_doesNotThrow() {
         RetryPolicy.builder(RetryMode.ADAPTIVE).fastFailRateLimiting(true).build();
     }
+
+    @Test
+    public void hashCodeDoesNotThrow() {
+        RetryPolicy.defaultRetryPolicy().hashCode();
+    }
 }