diff --git a/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/LinkEditor/index.tsx b/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/LinkEditor/index.tsx
index bdc1385496..c3c03220dd 100644
--- a/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/LinkEditor/index.tsx
+++ b/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/LinkEditor/index.tsx
@@ -8,6 +8,7 @@ import { getTranslation } from '@payloadcms/translations'
 import {
   CloseMenuIcon,
   EditIcon,
+  ExternalLinkIcon,
   formatDrawerSlug,
   useConfig,
   useEditDepth,
@@ -26,6 +27,7 @@ import {
 } from 'lexical'
 import React, { useCallback, useEffect, useRef, useState } from 'react'
 
+import type { LinkNode } from '../../../../nodes/LinkNode.js'
 import type { LinkFields } from '../../../../nodes/types.js'
 import type { LinkPayload } from '../types.js'
 
@@ -40,6 +42,9 @@ import { TOGGLE_LINK_WITH_MODAL_COMMAND } from './commands.js'
 
 export function LinkEditor({ anchorElem }: { anchorElem: HTMLElement }): React.ReactNode {
   const [editor] = useLexicalComposerContext()
+  // TO-DO: There are several states that should not be state, because they
+  // are derived from linkNode (linkUrl, linkLabel, stateData, isLink, isAutoLink...)
+  const [linkNode, setLinkNode] = useState<LinkNode>()
 
   const editorRef = useRef<HTMLDivElement | null>(null)
   const [linkUrl, setLinkUrl] = useState<null | string>(null)
@@ -116,6 +121,7 @@ export function LinkEditor({ anchorElem }: { anchorElem: HTMLElement }): React.R
       setNotLink()
       return
     }
+    setLinkNode(focusLinkParent)
 
     const fields = focusLinkParent.getFields()
 
@@ -328,10 +334,14 @@ export function LinkEditor({ anchorElem }: { anchorElem: HTMLElement }): React.R
         <div className="link-input">
           {linkUrl && linkUrl.length > 0 ? (
             <a href={linkUrl} rel="noopener noreferrer" target="_blank">
+              {linkNode?.__fields.newTab ? <ExternalLinkIcon /> : null}
               {linkLabel != null && linkLabel.length > 0 ? linkLabel : linkUrl}
             </a>
           ) : linkLabel != null && linkLabel.length > 0 ? (
-            <span className="link-input__label-pure">{linkLabel}</span>
+            <>
+              {linkNode?.__fields.newTab ? <ExternalLinkIcon /> : null}
+              <span className="link-input__label-pure">{linkLabel}</span>
+            </>
           ) : null}
 
           {editor.isEditable() && (
diff --git a/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/index.scss b/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/index.scss
index e3fa861dfc..84354229f2 100644
--- a/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/index.scss
+++ b/packages/richtext-lexical/src/features/link/client/plugins/floatingLinkEditor/index.scss
@@ -33,6 +33,10 @@
       position: relative;
       font-family: var(--font-body);
 
+      .icon--externalLink {
+        margin-right: 5px;
+      }
+
       &__label-pure {
         color: var(--theme-elevation-1000);
         margin-right: 15px;
diff --git a/packages/ui/src/exports/client/index.ts b/packages/ui/src/exports/client/index.ts
index 1b0638d62d..3a28fe350d 100644
--- a/packages/ui/src/exports/client/index.ts
+++ b/packages/ui/src/exports/client/index.ts
@@ -190,6 +190,7 @@ export { Account } from '../../graphics/Account/index.js'
 export { PayloadIcon } from '../../graphics/Icon/index.js'
 
 export { DefaultBlockImage } from '../../graphics/DefaultBlockImage/index.js'
+export { ExternalLinkIcon } from '../../graphics/ExternalLink/index.js'
 export { File } from '../../graphics/File/index.js'
 
 // icons
diff --git a/packages/ui/src/graphics/ExternalLink/index.scss b/packages/ui/src/graphics/ExternalLink/index.scss
new file mode 100644
index 0000000000..f48770d84f
--- /dev/null
+++ b/packages/ui/src/graphics/ExternalLink/index.scss
@@ -0,0 +1,14 @@
+@import '../../scss/styles';
+
+@layer payload-default {
+  .icon--externalLink {
+    height: $baseline;
+    width: $baseline;
+    shape-rendering: auto;
+
+    .stroke {
+      fill: none;
+      stroke: currentColor;
+    }
+  }
+}
diff --git a/packages/ui/src/graphics/ExternalLink/index.tsx b/packages/ui/src/graphics/ExternalLink/index.tsx
index 81e28e2035..1a9e10099d 100644
--- a/packages/ui/src/graphics/ExternalLink/index.tsx
+++ b/packages/ui/src/graphics/ExternalLink/index.tsx
@@ -1,23 +1,21 @@
 import React from 'react'
 
+import './index.scss'
+
 export const ExternalLinkIcon: React.FC<{
   className?: string
 }> = (props) => {
   const { className } = props
   return (
     <svg
-      className={className}
-      clipRule="evenodd"
-      fillRule="evenodd"
-      height="100%"
-      viewBox="0 0 24 24"
-      width="100%"
+      className={[className, 'icon icon--externalLink'].filter(Boolean).join(' ')}
+      viewBox="0 0 20 20"
       xmlns="http://www.w3.org/2000/svg"
     >
       <path
-        d="M14 4h-13v18h20v-11h1v12h-22v-20h14v1zm10 5h-1v-6.293l-11.646 11.647-.708-.708 11.647-11.646h-6.293v-1h8v8z"
-        fill="none"
-        stroke="currentColor"
+        className="stroke"
+        d="M16 10.6667V14.6667C16 15.0203 15.8595 15.3594 15.6095 15.6095C15.3594 15.8595 15.0203 16 14.6667 16H5.33333C4.97971 16 4.64057 15.8595 4.39052 15.6095C4.14048 15.3594 4 15.0203 4 14.6667V5.33333C4 4.97971 4.14048 4.64057 4.39052 4.39052C4.64057 4.14048 4.97971 4 5.33333 4H9.33333M16 4L10 10M16 4H12M16 4V8"
+        strokeLinecap="square"
       />
     </svg>
   )