diff --git a/Source/Core/Core/PowerPC/Jit64/Jit.cpp b/Source/Core/Core/PowerPC/Jit64/Jit.cpp
index fcd9d1dc3d1c..8a7a3fbc6805 100644
--- a/Source/Core/Core/PowerPC/Jit64/Jit.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/Jit.cpp
@@ -482,7 +482,8 @@ void Jit64::FakeBLCall(u32 after)
 
   // We may need to fake the BLR stack on inlined CALL instructions.
   // Else we can't return to this location any more.
-  MOV(32, R(RSCRATCH2), Imm32(after));
+  MOV(64, R(RSCRATCH2),
+      Imm64(u64(m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK) << 32 | after));
   PUSH(RSCRATCH2);
   FixupBranch skip_exit = CALL();
   POP(RSCRATCH2);
@@ -514,7 +515,8 @@ void Jit64::WriteExit(u32 destination, bool bl, u32 after)
 
   if (bl)
   {
-    MOV(32, R(RSCRATCH2), Imm32(after));
+    MOV(64, R(RSCRATCH2),
+        Imm64(u64(m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK) << 32 | after));
     PUSH(RSCRATCH2);
   }
 
@@ -571,7 +573,8 @@ void Jit64::WriteExitDestInRSCRATCH(bool bl, u32 after)
 
   if (bl)
   {
-    MOV(32, R(RSCRATCH2), Imm32(after));
+    MOV(64, R(RSCRATCH2),
+        Imm64(u64(m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK) << 32 | after));
     PUSH(RSCRATCH2);
   }
 
@@ -599,6 +602,13 @@ void Jit64::WriteBLRExit()
   bool disturbed = Cleanup();
   if (disturbed)
     MOV(32, R(RSCRATCH), PPCSTATE(pc));
+  const u64 msr_bits = m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK;
+  if (msr_bits != 0)
+  {
+    MOV(32, R(RSCRATCH2), Imm32(msr_bits));
+    SHL(64, R(RSCRATCH2), Imm8(32));
+    OR(64, R(RSCRATCH), R(RSCRATCH2));
+  }
   MOV(32, R(RSCRATCH2), Imm32(js.downcountAmount));
   CMP(64, R(RSCRATCH), MDisp(RSP, 8));
   J_CC(CC_NE, asm_routines.dispatcher_mispredicted_blr);
diff --git a/Source/Core/Core/PowerPC/Jit64/Jit_SystemRegisters.cpp b/Source/Core/Core/PowerPC/Jit64/Jit_SystemRegisters.cpp
index 5992fe9f28eb..aff1f9b6935a 100644
--- a/Source/Core/Core/PowerPC/Jit64/Jit_SystemRegisters.cpp
+++ b/Source/Core/Core/PowerPC/Jit64/Jit_SystemRegisters.cpp
@@ -445,10 +445,6 @@ void Jit64::mtmsr(UGeckoInstruction inst)
   gpr.Flush();
   fpr.Flush();
 
-  // Our jit cache also stores some MSR bits, as they have changed, we either
-  // have to validate them in the BLR/RET check, or just flush the stack here.
-  asm_routines.ResetStack(*this);
-
   // If some exceptions are pending and EE are now enabled, force checking
   // external exceptions when going out of mtmsr in order to execute delayed
   // interrupts as soon as possible.
diff --git a/Source/Core/Core/PowerPC/JitArm64/Jit.cpp b/Source/Core/Core/PowerPC/JitArm64/Jit.cpp
index f8de18d195a9..8f1e1260f08d 100644
--- a/Source/Core/Core/PowerPC/JitArm64/Jit.cpp
+++ b/Source/Core/Core/PowerPC/JitArm64/Jit.cpp
@@ -386,12 +386,21 @@ void JitArm64::WriteExit(u32 destination, bool LK, u32 exit_address_after_return
   const u8* host_address_after_return;
   if (LK)
   {
-    // Push {ARM_PC; PPC_PC} on the stack
-    ARM64Reg reg_to_push = exit_address_after_return_reg;
+    // Push {ARM_PC (64-bit); PPC_PC (32-bit); MSR_BITS (32-bit)} on the stack
+    ARM64Reg reg_to_push = ARM64Reg::X1;
+    const u64 msr_bits = m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK;
     if (exit_address_after_return_reg == ARM64Reg::INVALID_REG)
     {
-      MOVI2R(ARM64Reg::X1, exit_address_after_return);
-      reg_to_push = ARM64Reg::X1;
+      MOVI2R(ARM64Reg::X1, msr_bits << 32 | exit_address_after_return);
+    }
+    else if (msr_bits == 0)
+    {
+      reg_to_push = EncodeRegTo64(exit_address_after_return_reg);
+    }
+    else
+    {
+      ORRI2R(ARM64Reg::X1, EncodeRegTo64(exit_address_after_return_reg), msr_bits << 32,
+             ARM64Reg::X1);
     }
     constexpr s32 adr_offset = JitArm64BlockCache::BLOCK_LINK_SIZE + sizeof(u32) * 2;
     host_address_after_return = GetCodePtr() + adr_offset;
@@ -481,14 +490,22 @@ void JitArm64::WriteExit(Arm64Gen::ARM64Reg dest, bool LK, u32 exit_address_afte
   }
   else
   {
-    // Push {ARM_PC, PPC_PC} on the stack
-    ARM64Reg reg_to_push = exit_address_after_return_reg;
+    // Push {ARM_PC (64-bit); PPC_PC (32-bit); MSR_BITS (32-bit)} on the stack
+    ARM64Reg reg_to_push = ARM64Reg::X1;
+    const u64 msr_bits = m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK;
     if (exit_address_after_return_reg == ARM64Reg::INVALID_REG)
     {
-      MOVI2R(ARM64Reg::X1, exit_address_after_return);
-      reg_to_push = ARM64Reg::X1;
+      MOVI2R(ARM64Reg::X1, msr_bits << 32 | exit_address_after_return);
+    }
+    else if (msr_bits == 0)
+    {
+      reg_to_push = EncodeRegTo64(exit_address_after_return_reg);
+    }
+    else
+    {
+      ORRI2R(ARM64Reg::X1, EncodeRegTo64(exit_address_after_return_reg), msr_bits << 32,
+             ARM64Reg::X1);
     }
-    MOVI2R(ARM64Reg::X1, exit_address_after_return);
     constexpr s32 adr_offset = sizeof(u32) * 3;
     const u8* host_address_after_return = GetCodePtr() + adr_offset;
     ADR(ARM64Reg::X0, adr_offset);
@@ -544,19 +561,33 @@ void JitArm64::FakeLKExit(u32 exit_address_after_return, ARM64Reg exit_address_a
     // function has been called!
     gpr.Lock(ARM64Reg::W30);
   }
-  ARM64Reg after_reg = exit_address_after_return_reg;
+  // Push {ARM_PC (64-bit); PPC_PC (32-bit); MSR_BITS (32-bit)} on the stack
+  ARM64Reg after_reg = ARM64Reg::INVALID_REG;
+  ARM64Reg reg_to_push;
+  const u64 msr_bits = m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK;
   if (exit_address_after_return_reg == ARM64Reg::INVALID_REG)
   {
     after_reg = gpr.GetReg();
-    MOVI2R(after_reg, exit_address_after_return);
+    reg_to_push = EncodeRegTo64(after_reg);
+    MOVI2R(reg_to_push, msr_bits << 32 | exit_address_after_return);
+  }
+  else if (msr_bits == 0)
+  {
+    reg_to_push = EncodeRegTo64(exit_address_after_return_reg);
+  }
+  else
+  {
+    after_reg = gpr.GetReg();
+    reg_to_push = EncodeRegTo64(after_reg);
+    ORRI2R(reg_to_push, EncodeRegTo64(exit_address_after_return_reg), msr_bits << 32, reg_to_push);
   }
   ARM64Reg code_reg = gpr.GetReg();
   constexpr s32 adr_offset = sizeof(u32) * 3;
   const u8* host_address_after_return = GetCodePtr() + adr_offset;
   ADR(EncodeRegTo64(code_reg), adr_offset);
-  STP(IndexType::Pre, EncodeRegTo64(code_reg), EncodeRegTo64(after_reg), ARM64Reg::SP, -16);
+  STP(IndexType::Pre, EncodeRegTo64(code_reg), reg_to_push, ARM64Reg::SP, -16);
   gpr.Unlock(code_reg);
-  if (after_reg != exit_address_after_return_reg)
+  if (after_reg != ARM64Reg::INVALID_REG)
     gpr.Unlock(after_reg);
 
   FixupBranch skip_exit = BL();
@@ -612,9 +643,18 @@ void JitArm64::WriteBLRExit(Arm64Gen::ARM64Reg dest)
   Cleanup();
   EndTimeProfile(js.curBlock);
 
-  // Check if {ARM_PC, PPC_PC} matches the current state.
+  // Check if {PPC_PC, MSR_BITS} matches the current state, then RET to ARM_PC.
   LDP(IndexType::Post, ARM64Reg::X2, ARM64Reg::X1, ARM64Reg::SP, 16);
-  CMP(ARM64Reg::W1, DISPATCHER_PC);
+  const u64 msr_bits = m_ppc_state.msr.Hex & JitBaseBlockCache::JIT_CACHE_MSR_MASK;
+  if (msr_bits == 0)
+  {
+    CMP(ARM64Reg::X1, EncodeRegTo64(DISPATCHER_PC));
+  }
+  else
+  {
+    ORRI2R(ARM64Reg::X0, EncodeRegTo64(DISPATCHER_PC), msr_bits << 32, ARM64Reg::X0);
+    CMP(ARM64Reg::X1, ARM64Reg::X0);
+  }
   FixupBranch no_match = B(CC_NEQ);
 
   DoDownCount();  // overwrites X0 + X1
diff --git a/Source/Core/Core/PowerPC/JitArm64/JitArm64_SystemRegisters.cpp b/Source/Core/Core/PowerPC/JitArm64/JitArm64_SystemRegisters.cpp
index 3df2fea5fa80..28ade68893ce 100644
--- a/Source/Core/Core/PowerPC/JitArm64/JitArm64_SystemRegisters.cpp
+++ b/Source/Core/Core/PowerPC/JitArm64/JitArm64_SystemRegisters.cpp
@@ -99,10 +99,6 @@ void JitArm64::mtmsr(UGeckoInstruction inst)
   gpr.Flush(FlushMode::All, ARM64Reg::INVALID_REG);
   fpr.Flush(FlushMode::All, ARM64Reg::INVALID_REG);
 
-  // Our jit cache also stores some MSR bits, as they have changed, we either
-  // have to validate them in the BLR/RET check, or just flush the stack here.
-  ResetStack();
-
   WriteExceptionExit(js.compilerPC + 4, true);
 }
 
diff --git a/Source/Core/Core/PowerPC/JitArm64/JitAsm.cpp b/Source/Core/Core/PowerPC/JitArm64/JitAsm.cpp
index 97be9d063472..e76fa0d82e73 100644
--- a/Source/Core/Core/PowerPC/JitArm64/JitAsm.cpp
+++ b/Source/Core/Core/PowerPC/JitArm64/JitAsm.cpp
@@ -50,7 +50,7 @@ void JitArm64::GenerateAsm()
   STR(IndexType::Unsigned, ARM64Reg::X0, PPC_REG, PPCSTATE_OFF(stored_stack_pointer));
 
   // Push {nullptr; -1} as invalid destination on the stack.
-  MOVI2R(ARM64Reg::X0, 0xFFFFFFFF);
+  MOVI2R(ARM64Reg::X0, 0xFFFF'FFFF'FFFF'FFFF);
   STP(IndexType::Pre, ARM64Reg::ZR, ARM64Reg::X0, ARM64Reg::SP, -16);
 
   // The PC will be loaded into DISPATCHER_PC after the call to CoreTiming::Advance().