diff --git a/lib/internal/modules/cjs/loader.js b/lib/internal/modules/cjs/loader.js
index 6409b913e78602..2f8a5d8c9ce8ac 100644
--- a/lib/internal/modules/cjs/loader.js
+++ b/lib/internal/modules/cjs/loader.js
@@ -135,7 +135,7 @@ const { BuiltinModule } = require('internal/bootstrap/realm');
 const {
   maybeCacheSourceMap,
 } = require('internal/source_map/source_map_cache');
-const { pathToFileURL, fileURLToPath, isURL } = require('internal/url');
+const { pathToFileURL, fileURLToPath, isURL, URL } = require('internal/url');
 const {
   pendingDeprecate,
   emitExperimentalWarning,
@@ -1923,7 +1923,7 @@ Module._extensions['.node'] = function(module, filename) {
  * @param {string} filename The path to the module
  * @returns {any}
  */
-function createRequireFromPath(filename) {
+function createRequireFromPath(filename, fileURL) {
   // Allow a directory to be passed as the filename
   const trailingSlash =
     StringPrototypeEndsWith(filename, '/') ||
@@ -1935,6 +1935,10 @@ function createRequireFromPath(filename) {
 
   const m = new Module(proxyPath);
   m.filename = proxyPath;
+  if (fileURL !== undefined) {
+    // Save the URL if createRequire() was given a URL, to preserve search params, if any.
+    m[kURL] = fileURL.href;
+  }
 
   m.paths = Module._nodeModulePaths(m.path);
   return makeRequireFunction(m, null);
@@ -1945,28 +1949,32 @@ const createRequireError = 'must be a file URL object, file URL string, or ' +
 
 /**
  * Creates a new `require` function that can be used to load modules.
- * @param {string | URL} filename The path or URL to the module context for this `require`
+ * @param {string | URL} filenameOrURL The path or URL to the module context for this `require`
  * @throws {ERR_INVALID_ARG_VALUE} If `filename` is not a string or URL, or if it is a relative path that cannot be
  * resolved to an absolute path.
  * @returns {object}
  */
-function createRequire(filename) {
-  let filepath;
+function createRequire(filenameOrURL) {
+  let filepath, fileURL;
 
-  if (isURL(filename) ||
-      (typeof filename === 'string' && !path.isAbsolute(filename))) {
+  if (isURL(filenameOrURL) ||
+      (typeof filenameOrURL === 'string' && !path.isAbsolute(filenameOrURL))) {
     try {
-      filepath = fileURLToPath(filename);
+      // It might be an URL, try to convert it.
+      // If it's a relative path, it would not parse and would be considered invalid per
+      // the documented contract.
+      fileURL = new URL(filenameOrURL);
+      filepath = fileURLToPath(fileURL);
     } catch {
-      throw new ERR_INVALID_ARG_VALUE('filename', filename,
+      throw new ERR_INVALID_ARG_VALUE('filename', filenameOrURL,
                                       createRequireError);
     }
-  } else if (typeof filename !== 'string') {
-    throw new ERR_INVALID_ARG_VALUE('filename', filename, createRequireError);
+  } else if (typeof filenameOrURL !== 'string') {
+    throw new ERR_INVALID_ARG_VALUE('filename', filenameOrURL, createRequireError);
   } else {
-    filepath = filename;
+    filepath = filenameOrURL;
   }
-  return createRequireFromPath(filepath);
+  return createRequireFromPath(filepath, fileURL);
 }
 
 /**
diff --git a/test/fixtures/module-hooks/create-require-with-url.mjs b/test/fixtures/module-hooks/create-require-with-url.mjs
new file mode 100644
index 00000000000000..4773185be6e5da
--- /dev/null
+++ b/test/fixtures/module-hooks/create-require-with-url.mjs
@@ -0,0 +1,3 @@
+import { createRequire } from 'node:module'
+const require = createRequire(import.meta.url);
+require('./empty.mjs');
diff --git a/test/fixtures/module-hooks/empty.mjs b/test/fixtures/module-hooks/empty.mjs
new file mode 100644
index 00000000000000..e69de29bb2d1d6
diff --git a/test/module-hooks/test-module-hooks-create-require-with-url.mjs b/test/module-hooks/test-module-hooks-create-require-with-url.mjs
new file mode 100644
index 00000000000000..4b095a4cea849c
--- /dev/null
+++ b/test/module-hooks/test-module-hooks-create-require-with-url.mjs
@@ -0,0 +1,26 @@
+// Verify that if URL is used to createRequire, that URL is passed to the resolve hook
+// as parentURL.
+import * as common from '../common/index.mjs';
+import assert from 'node:assert';
+import { registerHooks } from 'node:module';
+import * as fixtures from '../common/fixtures.mjs';
+
+const fixtureURL = fixtures.fileURL('module-hooks/create-require-with-url.mjs').href + '?test=1';
+registerHooks({
+  resolve: common.mustCall((specifier, context, defaultResolve) => {
+    const resolved = defaultResolve(specifier, context, defaultResolve);
+    if (specifier.startsWith('node:')) {
+      return resolved;
+    }
+
+    if (specifier === fixtureURL) {
+      assert.strictEqual(context.parentURL, import.meta.url);
+    } else {  // From the createRequire call.
+      assert.strictEqual(specifier, './empty.mjs');
+      assert.strictEqual(context.parentURL, fixtureURL);
+    }
+    return resolved;
+  }, 3),
+});
+
+await import(fixtureURL);