diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Commands/Transaction.hs b/cardano-cli/src/Cardano/CLI/EraBased/Commands/Transaction.hs
index de11edc37b..3405c6e415 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Commands/Transaction.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Commands/Transaction.hs
@@ -243,8 +243,9 @@ newtype TransactionHashScriptDataCmdArgs = TransactionHashScriptDataCmdArgs
   }
   deriving Show
 
-newtype TransactionTxIdCmdArgs = TransactionTxIdCmdArgs
+data TransactionTxIdCmdArgs = TransactionTxIdCmdArgs
   { inputTxBodyOrTxFile :: InputTxBodyOrTxFile
+  , outputFormat :: !(Maybe OutputFormatJsonOrText)
   }
   deriving Show
 
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Options/Common.hs b/cardano-cli/src/Cardano/CLI/EraBased/Options/Common.hs
index 5e945d52d1..30bfce3978 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Options/Common.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Options/Common.hs
@@ -1723,6 +1723,22 @@ pOutputFormatJsonOrText kind =
         , Opt.long ("output-" <> flag_)
         ]
 
+-- | @pTxIdOutputFormatJsonOrText kind@ is a parser to specify in which format
+-- to write @transaction txid@'s output on standard output.
+pTxIdOutputFormatJsonOrText :: Parser OutputFormatJsonOrText
+pTxIdOutputFormatJsonOrText =
+  asum
+    [ make OutputFormatJson "JSON" "json" False
+    , make OutputFormatText "TEXT" "text" True
+    ]
+ where
+  make format desc flag_ default_ =
+    Opt.flag' format $
+      mconcat
+        [ Opt.help $ "Format output to " <> desc <> (if default_ then " (the default)." else ".")
+        , Opt.long ("output-" <> flag_)
+        ]
+
 pTxViewOutputFormat :: Parser ViewOutputFormat
 pTxViewOutputFormat = pViewOutputFormat "transaction"
 
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Options/Transaction.hs b/cardano-cli/src/Cardano/CLI/EraBased/Options/Transaction.hs
index 6b4a4d8e74..b8a3025f57 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Options/Transaction.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Options/Transaction.hs
@@ -379,3 +379,4 @@ pTransactionId =
   fmap TransactionTxIdCmd $
     TransactionTxIdCmdArgs
       <$> pInputTxOrTxBodyFile
+      <*> optional pTxIdOutputFormatJsonOrText
diff --git a/cardano-cli/src/Cardano/CLI/EraBased/Run/Transaction.hs b/cardano-cli/src/Cardano/CLI/EraBased/Run/Transaction.hs
index b19c5f25b6..1c3ac5f253 100644
--- a/cardano-cli/src/Cardano/CLI/EraBased/Run/Transaction.hs
+++ b/cardano-cli/src/Cardano/CLI/EraBased/Run/Transaction.hs
@@ -1732,6 +1732,7 @@ runTransactionTxIdCmd
 runTransactionTxIdCmd
   Cmd.TransactionTxIdCmdArgs
     { inputTxBodyOrTxFile
+    , outputFormat
     } = do
     InAnyShelleyBasedEra _era txbody <-
       case inputTxBodyOrTxFile of
@@ -1746,7 +1747,16 @@ runTransactionTxIdCmd
           InAnyShelleyBasedEra era tx <- lift (readFileTx txFile) & onLeft (left . TxCmdTextEnvCddlError)
           return . InAnyShelleyBasedEra era $ getTxBody tx
 
-    liftIO $ BS.putStrLn $ serialiseToRawBytesHex (getTxId txbody)
+    let txId = getTxId txbody
+        bsToWrite = serialiseToRawBytesHex txId
+
+    liftIO $
+      case outputFormat of
+        Just OutputFormatJson -> LBS.putStrLn $ Aeson.encode $ TxSubmissionResult txId
+        Just OutputFormatText -> BS.putStrLn bsToWrite
+        Nothing ->
+          -- Stay compatible with output when there was no --output-format flag
+          BS.putStrLn bsToWrite
 
 -- ----------------------------------------------------------------------------
 -- Witness commands
diff --git a/cardano-cli/src/Cardano/CLI/Types/Common.hs b/cardano-cli/src/Cardano/CLI/Types/Common.hs
index 1bba0198c4..467c202dd8 100644
--- a/cardano-cli/src/Cardano/CLI/Types/Common.hs
+++ b/cardano-cli/src/Cardano/CLI/Types/Common.hs
@@ -686,10 +686,10 @@ data PotentiallyCheckedAnchor anchorType anchor
   deriving (Eq, Show)
 
 -- | Type used for serialization when printing the hash of a transaction
--- after having submitted it.
+-- after having submitted it. Also used for printing JSON output of "transaction txid".
 newtype TxSubmissionResult = TxSubmissionResult {txhash :: TxId}
   deriving (Show, Generic)
 
 instance FromJSON TxSubmissionResult
 
-instance ToJSON TxSubmissionResult
+instance ToJSON TxSubmissionResult
\ No newline at end of file