diff --git a/packages/playwright/src/runner/tasks.ts b/packages/playwright/src/runner/tasks.ts
index 73eb31f1e7..0a1e001a91 100644
--- a/packages/playwright/src/runner/tasks.ts
+++ b/packages/playwright/src/runner/tasks.ts
@@ -239,7 +239,7 @@ function createLoadTask(mode: 'out-of-process' | 'in-process', options: { filter
       testRun.rootSuite = await createRootSuite(testRun, options.failOnLoadErrors ? errors : softErrors, !!options.filterOnly, cliOnlyChangedMatcher);
       testRun.failureTracker.onRootSuite(testRun.rootSuite);
       // Fail when no tests.
-      if (options.failOnLoadErrors && !testRun.rootSuite.allTests().length && !testRun.config.cliPassWithNoTests && !testRun.config.config.shard) {
+      if (options.failOnLoadErrors && !testRun.rootSuite.allTests().length && !testRun.config.cliPassWithNoTests && !testRun.config.config.shard && !testRun.config.cliOnlyChanged) {
         if (testRun.config.cliArgs.length) {
           throw new Error([
             `No tests found.`,
diff --git a/tests/playwright-test/only-changed.spec.ts b/tests/playwright-test/only-changed.spec.ts
index 901ec7511c..6fe915f702 100644
--- a/tests/playwright-test/only-changed.spec.ts
+++ b/tests/playwright-test/only-changed.spec.ts
@@ -256,10 +256,9 @@ test('should suppport component tests', async ({ runInlineTest, git, writeFiles
 
   const result = await runInlineTest({}, { 'workers': 1, 'only-changed': true });
 
-  expect(result.exitCode).toBe(1);
+  expect(result.exitCode).toBe(0);
   expect(result.passed).toBe(0);
   expect(result.failed).toBe(0);
-  expect(result.output).toContain('No tests found');
 
   const result2 = await runInlineTest({
     'src/button2.test.tsx': `
@@ -437,3 +436,20 @@ test('should work with list mode', async ({ runInlineTest, git, writeFiles }) =>
   expect(result.output).toContain('b.spec.ts');
   expect(result.output).not.toContain('a.spec.ts');
 });
+
+test('exits successfully if there are no changes', async ({ runInlineTest, git, writeFiles }) => {
+  await writeFiles({
+    'a.spec.ts': `
+    import { test, expect } from '@playwright/test';
+    test('fails', () => { expect(1).toBe(2); });
+  `,
+  });
+
+  git(`add .`);
+  git(`commit -m init`);
+
+  const result = await runInlineTest({}, { 'only-changed': true });
+
+  expect(result.exitCode).toBe(0);
+});
+