diff --git a/doc/api/deprecations.md b/doc/api/deprecations.md
index ef73392a52b74d..f8684cfbdf772c 100644
--- a/doc/api/deprecations.md
+++ b/doc/api/deprecations.md
@@ -2952,7 +2952,7 @@ it was an aborted or graceful destroy.
 [`setTimeout()`]: timers.md#settimeoutcallback-delay-args
 [`socket.bufferSize`]: net.md#socketbuffersize
 [`timeout.ref()`]: timers.md#timeoutref
-[`timeout.refresh()`]: timers.md#timeoutrefresh
+[`timeout.refresh()`]: timers.md#timeoutrefreshdelay-resetinterval
 [`timeout.unref()`]: timers.md#timeoutunref
 [`tls.CryptoStream`]: tls.md#class-tlscryptostream
 [`tls.SecureContext`]: tls.md#tlscreatesecurecontextoptions
diff --git a/doc/api/timers.md b/doc/api/timers.md
index 9105e93a9a6bb3..1910a33f4e44d9 100644
--- a/doc/api/timers.md
+++ b/doc/api/timers.md
@@ -105,17 +105,25 @@ When called, requests that the Node.js event loop *not* exit so long as the
 By default, all `Timeout` objects are "ref'ed", making it normally unnecessary
 to call `timeout.ref()` unless `timeout.unref()` had been called previously.
 
-### `timeout.refresh()`
+### `timeout.refresh([delay[, resetInterval]])`
 <!-- YAML
 added: v10.2.0
+changes:
+  - version: REPLACEME
+    pr-url: https://github.com/nodejs/node/pull/40434
+    description: Added `delay` and `resetInterval` parameters.
 -->
 
+* `delay` {number} The number of milliseconds to wait before calling the
+  original callback. **Default:** `1`.
+* `resetInterval` {boolean} For an interval timer, should the interval be set to
+  `delay`? **Default:** `false`.
 * Returns: {Timeout} a reference to `timeout`
 
 Sets the timer's start time to the current time, and reschedules the timer to
-call its callback at the previously specified duration adjusted to the current
-time. This is useful for refreshing a timer without allocating a new
-JavaScript object.
+call its callback at the previously specified duration or the duration specified
+by `delay` adjusted to the current time. This is useful for refreshing a timer
+without allocating a new JavaScript object.
 
 Using this on a timer that has already called its callback will reactivate the
 timer.
diff --git a/lib/internal/timers.js b/lib/internal/timers.js
index 9a07fe3348f65e..d50230ae608796 100644
--- a/lib/internal/timers.js
+++ b/lib/internal/timers.js
@@ -162,9 +162,7 @@ function initAsyncResource(resource, type) {
     emitInit(asyncId, type, triggerAsyncId, resource);
 }
 
-// Timer constructor function.
-// The entire prototype is defined in lib/timers.js
-function Timeout(callback, after, args, isRepeat, isRefed) {
+function calcAfter(after) {
   after *= 1; // Coalesce to number or NaN
   if (!(after >= 1 && after <= TIMEOUT_MAX)) {
     if (after > TIMEOUT_MAX) {
@@ -175,6 +173,13 @@ function Timeout(callback, after, args, isRepeat, isRefed) {
     }
     after = 1; // Schedule on next tick, follows browser behavior
   }
+  return after;
+}
+
+// Timer constructor function.
+// The entire prototype is defined in lib/timers.js
+function Timeout(callback, after, args, isRepeat, isRefed) {
+  after = calcAfter(after);
 
   this._idleTimeout = after;
   this._idlePrev = this;
@@ -207,7 +212,14 @@ Timeout.prototype[inspect.custom] = function(_, options) {
   });
 };
 
-Timeout.prototype.refresh = function() {
+Timeout.prototype.refresh = function(after, resetInterval) {
+  if (after !== undefined) {
+    after = calcAfter(after);
+    this._idleTimeout = after;
+    if (this._repeat !== null && resetInterval)
+      this._repeat = after;
+  }
+
   if (this[kRefed])
     active(this);
   else
diff --git a/test/sequential/test-timers-refresh-args.js b/test/sequential/test-timers-refresh-args.js
new file mode 100644
index 00000000000000..f313d4fbbb081f
--- /dev/null
+++ b/test/sequential/test-timers-refresh-args.js
@@ -0,0 +1,28 @@
+'use strict';
+require('../common');
+const assert = require('assert');
+
+let last;
+let t = setTimeout(() => {
+  if (last !== undefined) {
+    assert(Date.now() - last < 200);
+
+    last = undefined;
+    let count = 0;
+    t = setInterval(() => {
+      if (last !== undefined)
+        assert(Date.now() - last < 200);
+      last = Date.now();
+      switch (count++) {
+        case 0:
+          t.refresh(100, true);
+        case 3:
+          clearInterval(t);
+          return;
+      }
+    }, 200);
+    return;
+  }
+  last = Date.now();
+  t.refresh(100);
+}, 200);