diff --git a/.changeset/event-walk-composed-path.md b/.changeset/event-walk-composed-path.md
new file mode 100644
index 0000000000..8b24573930
--- /dev/null
+++ b/.changeset/event-walk-composed-path.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+perf: walk composedPath() directly in delegated event propagation
diff --git a/packages/svelte/src/internal/client/dom/elements/events.js b/packages/svelte/src/internal/client/dom/elements/events.js
index 5aa41e1c4d..45e042a8c6 100644
--- a/packages/svelte/src/internal/client/dom/elements/events.js
+++ b/packages/svelte/src/internal/client/dom/elements/events.js
@@ -257,12 +257,7 @@ export function handle_event_propagation(event) {
 		var other_errors = [];
 
 		while (current_target !== null) {
-			/** @type {null | Element} */
-			var parent_element =
-				current_target.assignedSlot ||
-				current_target.parentNode ||
-				/** @type {any} */ (current_target).host ||
-				null;
+			if (current_target === handler_element) break;
 
 			try {
 				// @ts-expect-error
@@ -284,10 +279,10 @@ export function handle_event_propagation(event) {
 					throw_error = error;
 				}
 			}
-			if (event.cancelBubble || parent_element === handler_element || parent_element === null) {
-				break;
-			}
-			current_target = parent_element;
+			if (event.cancelBubble) break;
+
+			path_idx++;
+			current_target = path_idx < path.length ? /** @type {Element} */ (path[path_idx]) : null;
 		}
 
 		if (throw_error) {