diff --git a/package.json b/package.json
index 267f63b51c..cace8bdc24 100644
--- a/package.json
+++ b/package.json
@@ -42,7 +42,6 @@
     "hoist-non-react-statics": "^3.0.0",
     "lodash": "^4.17.21",
     "memoize-one": "^5.0.5",
-    "moment": "^2.24.0",
     "prop-types": "^15.5.10",
     "react-freeze": "^1.0.0",
     "react-native-color": "0.0.10",
@@ -95,6 +94,7 @@
     "jest": "^26.6.3",
     "metro-react-native-babel-preset": "^0.67.0",
     "mocha": "^5.0.0",
+    "moment": "^2.24.0",
     "object-hash": "^3.0.0",
     "prettier-eslint": "12.0.0",
     "react": "17.0.2",
diff --git a/src/components/dateTimePicker/index.tsx b/src/components/dateTimePicker/index.tsx
index a4ce1ce049..a3e330bca3 100644
--- a/src/components/dateTimePicker/index.tsx
+++ b/src/components/dateTimePicker/index.tsx
@@ -1,7 +1,6 @@
-import moment from 'moment';
 import React, {useCallback, useEffect, useMemo, useRef, useState} from 'react';
 import {StyleProp, StyleSheet, ViewStyle} from 'react-native';
-import {DateTimePickerPackage as RNDateTimePicker} from '../../optionalDependencies';
+import {DateTimePickerPackage as RNDateTimePicker, MomentPackage as moment} from '../../optionalDependencies';
 import {useDidUpdate} from 'hooks';
 import {Colors} from '../../style';
 import Assets from '../../assets';
@@ -147,6 +146,12 @@ function DateTimePicker(props: DateTimePickerPropsInternal) {
     }
   }, []);
 
+  useEffect(() => {
+    if (!moment && (dateFormat || timeFormat)) {
+      console.error(`RNUILib DateTimePicker component with date/time format requires installing "moment" dependency`);
+    }
+  }, [dateFormat, timeFormat]);
+
   useDidUpdate(() => {
     setValue(propsValue);
   }, [propsValue]);
@@ -175,13 +180,13 @@ function DateTimePicker(props: DateTimePickerPropsInternal) {
         case MODES.DATE:
           return dateFormatter
             ? dateFormatter(value)
-            : dateFormat
+            : dateFormat && moment
               ? moment(value).format(dateFormat)
               : value.toLocaleDateString();
         case MODES.TIME:
           return timeFormatter
             ? timeFormatter(value)
-            : timeFormat
+            : timeFormat && moment
               ? moment(value).format(timeFormat)
               : value.toLocaleTimeString();
       }
diff --git a/src/optionalDependencies/MomentPackage.ts b/src/optionalDependencies/MomentPackage.ts
new file mode 100644
index 0000000000..de9c05d077
--- /dev/null
+++ b/src/optionalDependencies/MomentPackage.ts
@@ -0,0 +1,6 @@
+let MomentPackage: typeof import('moment') | undefined;
+try {
+  MomentPackage = require('moment');
+} catch (error) {}
+
+export default MomentPackage;
diff --git a/src/optionalDependencies/index.ts b/src/optionalDependencies/index.ts
index 93bc82b37d..2fc69d7145 100644
--- a/src/optionalDependencies/index.ts
+++ b/src/optionalDependencies/index.ts
@@ -6,3 +6,4 @@ export {PickerPackage, CommunityPickerPackage} from './PickerPackage';
 export {default as SvgPackage} from './SvgPackage';
 export {createShimmerPlaceholder} from './ShimmerPackage';
 export {default as LinearGradientPackage} from './LinearGradientPackage';
+export {default as MomentPackage} from './MomentPackage';