diff --git a/app/scripts/background.js b/app/scripts/background.js
index 5608dec89434..0e8d050ceb09 100644
--- a/app/scripts/background.js
+++ b/app/scripts/background.js
@@ -63,7 +63,10 @@ import { getManifestFlags } from '../../shared/lib/manifestFlags';
 import { DISPLAY_GENERAL_STARTUP_ERROR } from '../../shared/constants/start-up-errors';
 import { getPartnerByOrigin } from '../../shared/constants/defi-referrals';
 import { getInstallAttribution } from '../../shared/lib/install-attribution';
-import { createEvent } from '../../shared/lib/deep-links/metrics';
+import {
+  createEvent,
+  shouldTrackDeepLinkNavigation,
+} from '../../shared/lib/deep-links/metrics';
 import {
   backedUpStateKeys,
   hasVault,
@@ -905,7 +908,7 @@ async function initialize(backup) {
   })
     .on('navigate', async ({ url, parsed }) => {
       // don't track deep links that are immediately redirected (like /buy)
-      if (!('redirectTo' in parsed)) {
+      if (shouldTrackDeepLinkNavigation(parsed)) {
         trackEvent(createEvent({ signature: parsed.signature, url }));
       }
     })
diff --git a/shared/lib/deep-links/metrics.test.ts b/shared/lib/deep-links/metrics.test.ts
index d09722a872a0..5934836289a2 100644
--- a/shared/lib/deep-links/metrics.test.ts
+++ b/shared/lib/deep-links/metrics.test.ts
@@ -3,7 +3,30 @@ import {
   MetaMetricsEventName,
 } from '../../constants/metametrics';
 import { MISSING, VALID, INVALID } from './verify';
-import { createEvent } from './metrics';
+import { createEvent, shouldTrackDeepLinkNavigation } from './metrics';
+
+describe('shouldTrackDeepLinkNavigation', () => {
+  it('returns false for an external redirect destination', () => {
+    const result = shouldTrackDeepLinkNavigation({
+      destination: {
+        redirectTo: new URL('https://portfolio.metamask.io/buy'),
+      },
+    });
+
+    expect(result).toBe(false);
+  });
+
+  it('returns true for an extension route destination', () => {
+    const result = shouldTrackDeepLinkNavigation({
+      destination: {
+        path: '/perps',
+        query: new URLSearchParams(),
+      },
+    });
+
+    expect(result).toBe(true);
+  });
+});
 
 describe('createEvent', () => {
   describe('basic functionality', () => {
diff --git a/shared/lib/deep-links/metrics.ts b/shared/lib/deep-links/metrics.ts
index 084344cd9ba3..10505edf1ff9 100644
--- a/shared/lib/deep-links/metrics.ts
+++ b/shared/lib/deep-links/metrics.ts
@@ -5,6 +5,7 @@ import {
   MetaMetricsEventName,
 } from '../../constants/metametrics';
 import { UTM_PARAMETERS, type UTMParameter } from '../../types/metametrics';
+import type { ParsedDeepLink } from './parse';
 import type { SignatureStatus } from './verify';
 
 export type Properties = {
@@ -20,6 +21,22 @@ export type EventDetails = {
   signature: SignatureStatus;
 };
 
+/**
+ * Determines whether a parsed deep-link navigation should be tracked.
+ *
+ * Destinations that redirect outside the extension are excluded because the
+ * extension does not handle the resulting navigation.
+ *
+ * @param parsed - The parsed deep-link destination.
+ * @param parsed.destination
+ * @returns Whether the navigation should produce a deep-link analytics event.
+ */
+export function shouldTrackDeepLinkNavigation({
+  destination,
+}: Pick<ParsedDeepLink, 'destination'>): boolean {
+  return !('redirectTo' in destination);
+}
+
 /**
  * Creates a trackable analytics event representing deep link usage.
  *