diff --git a/src/main/java/com/fasterxml/jackson/databind/DeserializationContext.java b/src/main/java/com/fasterxml/jackson/databind/DeserializationContext.java
index b18244bec3..a1267f01a6 100644
--- a/src/main/java/com/fasterxml/jackson/databind/DeserializationContext.java
+++ b/src/main/java/com/fasterxml/jackson/databind/DeserializationContext.java
@@ -4,6 +4,7 @@
 import java.text.DateFormat;
 import java.text.ParseException;
 import java.util.*;
+import java.util.concurrent.ConcurrentHashMap;
 import java.util.concurrent.atomic.AtomicReference;
 
 import com.fasterxml.jackson.annotation.JacksonInject;
@@ -70,6 +71,12 @@ public abstract class DeserializationContext
      */
     protected final DeserializerCache _cache;
 
+    /**
+     * Object that caches the injectable values already resolved,
+     * to avoid executing the injection logic multiple times
+     */
+    protected final Map<Object, Object> _injectablesCache;
+
     /*
     /**********************************************************
     /* Configuration, changeable via fluent factories
@@ -169,6 +176,7 @@ protected DeserializationContext(DeserializerFactory df,
             cache = new DeserializerCache();
         }
         _cache = cache;
+        _injectablesCache = new ConcurrentHashMap<>();
         _featureFlags = 0;
         _readCapabilities = null;
         _config = null;
@@ -181,6 +189,7 @@ protected DeserializationContext(DeserializationContext src,
             DeserializerFactory factory)
     {
         _cache = src._cache;
+        _injectablesCache = src._injectablesCache;
         _factory = factory;
 
         _config = src._config;
@@ -199,6 +208,7 @@ protected DeserializationContext(DeserializationContext src,
              DeserializerCache cache)
     {
         _cache = cache;
+        _injectablesCache = src._injectablesCache;
         _factory = src._factory;
 
         _config = src._config;
@@ -218,6 +228,7 @@ protected DeserializationContext(DeserializationContext src,
             InjectableValues injectableValues)
     {
         _cache = src._cache;
+        _injectablesCache = src._injectablesCache;
         _factory = src._factory;
         // 08-Jun-2020. tatu: Called only for `ObjectMapper.canDeserialize()`
         //    (see [databind#2749]), not sure what's the best work-around but
@@ -242,6 +253,7 @@ protected DeserializationContext(DeserializationContext src,
             DeserializationConfig config)
     {
         _cache = src._cache;
+        _injectablesCache = src._injectablesCache;
         _factory = src._factory;
         _readCapabilities = null;
 
@@ -259,6 +271,7 @@ protected DeserializationContext(DeserializationContext src,
      */
     protected DeserializationContext(DeserializationContext src) {
         _cache = src._cache.emptyCopy();
+        _injectablesCache = src._injectablesCache;
         _factory = src._factory;
 
         _config = src._config;
@@ -479,7 +492,19 @@ public final Object findInjectableValue(Object valueId,
 "No 'injectableValues' configured, cannot inject value with id '%s'", valueId),
                     valueId, forProperty, beanInstance);
         }
-        return _injectableValues.findInjectableValue(this, valueId, forProperty, beanInstance, optional);
+
+        Object value = _injectablesCache.get(valueId);
+
+        if (value == null) {
+            value = _injectableValues.findInjectableValue(this, valueId, forProperty, beanInstance,
+                    optional);
+
+            if (value != null) {
+                _injectablesCache.put(valueId, value);
+            }
+        }
+
+        return value;
     }
 
     /**
diff --git a/src/test/java/com/fasterxml/jackson/databind/tofix/JacksonInject4218Test.java b/src/test/java/com/fasterxml/jackson/databind/deser/inject/JacksonInject4218Test.java
similarity index 91%
rename from src/test/java/com/fasterxml/jackson/databind/tofix/JacksonInject4218Test.java
rename to src/test/java/com/fasterxml/jackson/databind/deser/inject/JacksonInject4218Test.java
index 473f089598..c406337a9d 100644
--- a/src/test/java/com/fasterxml/jackson/databind/tofix/JacksonInject4218Test.java
+++ b/src/test/java/com/fasterxml/jackson/databind/deser/inject/JacksonInject4218Test.java
@@ -1,4 +1,4 @@
-package com.fasterxml.jackson.databind.tofix;
+package com.fasterxml.jackson.databind.deser.inject;
 
 import org.junit.jupiter.api.Test;
 
@@ -8,7 +8,6 @@
 
 import com.fasterxml.jackson.databind.*;
 import com.fasterxml.jackson.databind.testutil.DatabindTestUtil;
-import com.fasterxml.jackson.databind.testutil.failure.JacksonTestFailureExpected;
 
 import static org.junit.jupiter.api.Assertions.assertEquals;
 
@@ -51,7 +50,6 @@ public Object findInjectableValue(
     }
 
     // [databind#4218]
-    @JacksonTestFailureExpected
     @Test
     void injectFail4218() throws Exception
     {