diff --git a/packages/components/CHANGELOG.md b/packages/components/CHANGELOG.md
index 5cfc4eb2185b6..e8c1a0d90052b 100644
--- a/packages/components/CHANGELOG.md
+++ b/packages/components/CHANGELOG.md
@@ -10,6 +10,7 @@
 -   `Modal`: Fix the dismissal logic for React development mode ([#64132](https://github.com/WordPress/gutenberg/pull/64132)).
 -   `Autocompleter UI`: Fix text color when hovering selected item ([#64294](https://github.com/WordPress/gutenberg/pull/64294)).
 -   `Heading`: Add the missing `size` prop to the component's props type ([#64299](https://github.com/WordPress/gutenberg/pull/64299)).
+-   `TextControl`: Fix the padding of the component to be consistent with the rest of the controls. ([#64326](https://github.com/WordPress/gutenberg/pull/64326)).
 
 ### Enhancements
 
diff --git a/packages/components/src/text-control/style.scss b/packages/components/src/text-control/style.scss
index 1e8477b255b9b..d6819f86b84bf 100644
--- a/packages/components/src/text-control/style.scss
+++ b/packages/components/src/text-control/style.scss
@@ -20,5 +20,10 @@
 
 	&.is-next-40px-default-size {
 		height: $grid-unit-50;
+
+		// Subtract 1px to account for the border, which isn't included on the element
+		// on newer components like InputControl, SelectControl, etc.
+		padding-left: $grid-unit-20;
+		padding-right: $grid-unit-20;
 	}
 }