diff --git a/fs/io_uring.c b/fs/io_uring.c
index 76be27600631503769c53d9bd322b6afdba5edb0..0ffa8537c36a29b9324fc843f9362992aa313c06 100644
--- a/fs/io_uring.c
+++ b/fs/io_uring.c
@@ -4827,8 +4827,11 @@ static int io_submit_sqes(struct io_ring_ctx *ctx, unsigned int nr,
 			break;
 	}
 
-	if (submitted != nr)
-		percpu_ref_put_many(&ctx->refs, nr - submitted);
+	if (unlikely(submitted != nr)) {
+		int ref_used = (submitted == -EAGAIN) ? 0 : submitted;
+
+		percpu_ref_put_many(&ctx->refs, nr - ref_used);
+	}
 	if (link)
 		io_queue_link_head(link);
 	if (statep)