diff --git a/pcsx2/VMManager.cpp b/pcsx2/VMManager.cpp
index d4da23ba27..77f024b6e5 100644
--- a/pcsx2/VMManager.cpp
+++ b/pcsx2/VMManager.cpp
@@ -1728,7 +1728,7 @@ DEFINE_HOTKEY("TogglePause", "System", "Toggle Pause", [](s32 pressed) {
 })
 DEFINE_HOTKEY("ToggleFullscreen", "System", "Toggle Fullscreen", [](s32 pressed) {
 	if (!pressed)
-		Host::SetFullscreen(Host::IsFullscreen());
+		Host::SetFullscreen(!Host::IsFullscreen());
 })
 DEFINE_HOTKEY("ToggleFrameLimit", "System", "Toggle Frame Limit", [](s32 pressed) {
 	if (!pressed)