diff --git a/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp b/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp
index 3a0a04f1b9..d4ee9b99fd 100644
--- a/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp
+++ b/pcsx2-qt/Settings/GraphicsSettingsWidget.cpp
@@ -770,7 +770,7 @@ GraphicsSettingsWidget::GraphicsSettingsWidget(SettingsWindow* settings_dialog,
 		dialog()->registerWidgetHelp(m_osd.showInputRec, tr("Show Input Recording Status"), tr("Checked"),
 			tr("Shows the status of the currently active input recording in the top-right corner of the display.."));
 
-		dialog()->registerWidgetHelp(m_osd.showTextureReplacements, tr("Show Texture Replacement Status"), tr("Checked"),
+		dialog()->registerWidgetHelp(m_osd.showTextureReplacements, tr("Show Texture Replacement Status"), tr("Unchecked"),
 			tr("Shows the status of the number of dumped and loaded texture replacements in the top-right corner of the display."));
 
 		dialog()->registerWidgetHelp(m_osd.warnAboutUnsafeSettings, tr("Warn About Unsafe Settings"), tr("Checked"),
diff --git a/pcsx2/Pcsx2Config.cpp b/pcsx2/Pcsx2Config.cpp
index 68f0c73ed3..51ec1f788d 100644
--- a/pcsx2/Pcsx2Config.cpp
+++ b/pcsx2/Pcsx2Config.cpp
@@ -741,7 +741,7 @@ Pcsx2Config::GSOptions::GSOptions()
 	OsdShowInputs = false;
 	OsdShowVideoCapture = true;
 	OsdShowInputRec = true;
-	OsdShowTextureReplacements = true;
+	OsdShowTextureReplacements = false;
 
 	HWDownloadMode = GSHardwareDownloadMode::Enabled;
 	HWSpinGPUForReadbacks = false;