diff --git a/docs/en/docs/css/custom.css b/docs/en/docs/css/custom.css
index 8849d8741..87111ff64 100644
--- a/docs/en/docs/css/custom.css
+++ b/docs/en/docs/css/custom.css
@@ -1,9 +1,16 @@
 /* Fira Code, including characters used by Rich output, like the "heavy right-pointing angle bracket ornament", not included in Google Fonts */
 @import url(https://cdn.jsdelivr.net/npm/firacode@6.2.0/distr/fira_code.css);
+/* Noto Color Emoji for emoji support with the same font everywhere */
+@import url(https://fonts.googleapis.com/css2?family=Noto+Color+Emoji&display=swap);
 
 /* Override default code font in Material for MkDocs to Fira Code */
 :root {
-    --md-code-font: "Fira Code", monospace;
+    --md-code-font: "Fira Code", monospace, "Noto Color Emoji";
+}
+
+/* Override default regular font in Material for MkDocs to include Noto Color Emoji */
+:root {
+    --md-text-font: "Roboto", "Noto Color Emoji";
 }
 
 .termynal-comment {
diff --git a/docs/en/docs/release-notes.md b/docs/en/docs/release-notes.md
index 2c50bc9f2..8848784b1 100644
--- a/docs/en/docs/release-notes.md
+++ b/docs/en/docs/release-notes.md
@@ -7,6 +7,26 @@ hide:
 
 ## Latest Changes
 
+## 0.123.0
+
+### Fixes
+
+* 🐛 Cache dependencies that don't use scopes and don't have sub-dependencies with scopes. PR [#14419](https://github.com/fastapi/fastapi/pull/14419) by [@tiangolo](https://github.com/tiangolo).
+
+## 0.122.1
+
+### Fixes
+
+* 🐛 Fix hierarchical security scope propagation. PR [#5624](https://github.com/fastapi/fastapi/pull/5624) by [@kristjanvalur](https://github.com/kristjanvalur).
+
+### Docs
+
+* 💅 Update CSS to explicitly use emoji font. PR [#14415](https://github.com/fastapi/fastapi/pull/14415) by [@tiangolo](https://github.com/tiangolo).
+
+### Internal
+
+* ⬆ Bump markdown-include-variants from 0.0.5 to 0.0.6. PR [#14418](https://github.com/fastapi/fastapi/pull/14418) by [@YuriiMotov](https://github.com/YuriiMotov).
+
 ## 0.122.0
 
 ### Fixes
diff --git a/fastapi/__init__.py b/fastapi/__init__.py
index 3fbd7fc28..25ed2bbeb 100644
--- a/fastapi/__init__.py
+++ b/fastapi/__init__.py
@@ -1,6 +1,6 @@
 """FastAPI framework, high performance, easy to learn, fast to code, ready for production"""
 
-__version__ = "0.122.0"
+__version__ = "0.123.0"
 
 from starlette import status as status
 
diff --git a/fastapi/dependencies/models.py b/fastapi/dependencies/models.py
index d6359c0f5..fbb666a7d 100644
--- a/fastapi/dependencies/models.py
+++ b/fastapi/dependencies/models.py
@@ -38,19 +38,43 @@ class Dependant:
     response_param_name: Optional[str] = None
     background_tasks_param_name: Optional[str] = None
     security_scopes_param_name: Optional[str] = None
-    security_scopes: Optional[List[str]] = None
+    own_oauth_scopes: Optional[List[str]] = None
+    parent_oauth_scopes: Optional[List[str]] = None
     use_cache: bool = True
     path: Optional[str] = None
     scope: Union[Literal["function", "request"], None] = None
 
+    @cached_property
+    def oauth_scopes(self) -> List[str]:
+        scopes = self.parent_oauth_scopes.copy() if self.parent_oauth_scopes else []
+        # This doesn't use a set to preserve order, just in case
+        for scope in self.own_oauth_scopes or []:
+            if scope not in scopes:
+                scopes.append(scope)
+        return scopes
+
     @cached_property
     def cache_key(self) -> DependencyCacheKey:
+        scopes_for_cache = (
+            tuple(sorted(set(self.oauth_scopes or []))) if self._uses_scopes else ()
+        )
         return (
             self.call,
-            tuple(sorted(set(self.security_scopes or []))),
+            scopes_for_cache,
             self.computed_scope or "",
         )
 
+    @cached_property
+    def _uses_scopes(self) -> bool:
+        if self.own_oauth_scopes:
+            return True
+        if self.security_scopes_param_name is not None:
+            return True
+        for sub_dep in self.dependencies:
+            if sub_dep._uses_scopes:
+                return True
+        return False
+
     @cached_property
     def is_gen_callable(self) -> bool:
         if inspect.isgeneratorfunction(self.call):
diff --git a/fastapi/dependencies/utils.py b/fastapi/dependencies/utils.py
index 1e92c1ba2..d43fa8a51 100644
--- a/fastapi/dependencies/utils.py
+++ b/fastapi/dependencies/utils.py
@@ -58,8 +58,7 @@ from fastapi.dependencies.models import Dependant, SecurityRequirement
 from fastapi.exceptions import DependencyScopeError
 from fastapi.logger import logger
 from fastapi.security.base import SecurityBase
-from fastapi.security.oauth2 import OAuth2, SecurityScopes
-from fastapi.security.open_id_connect_url import OpenIdConnect
+from fastapi.security.oauth2 import SecurityScopes
 from fastapi.types import DependencyCacheKey
 from fastapi.utils import create_model_field, get_path_param_names
 from pydantic import BaseModel
@@ -126,14 +125,14 @@ def get_parameterless_sub_dependant(*, depends: params.Depends, path: str) -> De
     assert callable(depends.dependency), (
         "A parameter-less dependency must have a callable dependency"
     )
-    use_security_scopes: List[str] = []
+    own_oauth_scopes: List[str] = []
     if isinstance(depends, params.Security) and depends.scopes:
-        use_security_scopes.extend(depends.scopes)
+        own_oauth_scopes.extend(depends.scopes)
     return get_dependant(
         path=path,
         call=depends.dependency,
         scope=depends.scope,
-        security_scopes=use_security_scopes,
+        own_oauth_scopes=own_oauth_scopes,
     )
 
 
@@ -232,7 +231,8 @@ def get_dependant(
     path: str,
     call: Callable[..., Any],
     name: Optional[str] = None,
-    security_scopes: Optional[List[str]] = None,
+    own_oauth_scopes: Optional[List[str]] = None,
+    parent_oauth_scopes: Optional[List[str]] = None,
     use_cache: bool = True,
     scope: Union[Literal["function", "request"], None] = None,
 ) -> Dependant:
@@ -240,19 +240,18 @@ def get_dependant(
         call=call,
         name=name,
         path=path,
-        security_scopes=security_scopes,
         use_cache=use_cache,
         scope=scope,
+        own_oauth_scopes=own_oauth_scopes,
+        parent_oauth_scopes=parent_oauth_scopes,
     )
+    current_scopes = (parent_oauth_scopes or []) + (own_oauth_scopes or [])
     path_param_names = get_path_param_names(path)
     endpoint_signature = get_typed_signature(call)
     signature_params = endpoint_signature.parameters
     if isinstance(call, SecurityBase):
-        use_scopes: List[str] = []
-        if isinstance(call, (OAuth2, OpenIdConnect)):
-            use_scopes = security_scopes or use_scopes
         security_requirement = SecurityRequirement(
-            security_scheme=call, scopes=use_scopes
+            security_scheme=call, scopes=current_scopes
         )
         dependant.security_requirements.append(security_requirement)
     for param_name, param in signature_params.items():
@@ -275,15 +274,16 @@ def get_dependant(
                     f'The dependency "{dependant.call.__name__}" has a scope of '
                     '"request", it cannot depend on dependencies with scope "function".'
                 )
-            use_security_scopes = security_scopes or []
+            sub_own_oauth_scopes: List[str] = []
             if isinstance(param_details.depends, params.Security):
                 if param_details.depends.scopes:
-                    use_security_scopes.extend(param_details.depends.scopes)
+                    sub_own_oauth_scopes = list(param_details.depends.scopes)
             sub_dependant = get_dependant(
                 path=path,
                 call=param_details.depends.dependency,
                 name=param_name,
-                security_scopes=use_security_scopes,
+                own_oauth_scopes=sub_own_oauth_scopes,
+                parent_oauth_scopes=current_scopes,
                 use_cache=param_details.depends.use_cache,
                 scope=param_details.depends.scope,
             )
@@ -609,7 +609,7 @@ async def solve_dependencies(
                 path=use_path,
                 call=call,
                 name=sub_dependant.name,
-                security_scopes=sub_dependant.security_scopes,
+                parent_oauth_scopes=sub_dependant.oauth_scopes,
                 scope=sub_dependant.scope,
             )
 
@@ -691,7 +691,7 @@ async def solve_dependencies(
         values[dependant.response_param_name] = response
     if dependant.security_scopes_param_name:
         values[dependant.security_scopes_param_name] = SecurityScopes(
-            scopes=dependant.security_scopes
+            scopes=dependant.oauth_scopes
         )
     return SolvedDependency(
         values=values,
diff --git a/requirements-docs.txt b/requirements-docs.txt
index 05b47fe92..ae1ddbc3d 100644
--- a/requirements-docs.txt
+++ b/requirements-docs.txt
@@ -17,5 +17,5 @@ griffe-warnings-deprecated==1.1.0
 # For griffe, it formats with black
 black==25.1.0
 mkdocs-macros-plugin==1.4.1
-markdown-include-variants==0.0.5
+markdown-include-variants==0.0.6
 python-slugify==8.0.4
diff --git a/tests/test_security_scopes.py b/tests/test_security_scopes.py
new file mode 100644
index 000000000..248fd2bcc
--- /dev/null
+++ b/tests/test_security_scopes.py
@@ -0,0 +1,46 @@
+from typing import Dict
+
+import pytest
+from fastapi import Depends, FastAPI, Security
+from fastapi.testclient import TestClient
+from typing_extensions import Annotated
+
+
+@pytest.fixture(name="call_counter")
+def call_counter_fixture():
+    return {"count": 0}
+
+
+@pytest.fixture(name="app")
+def app_fixture(call_counter: Dict[str, int]):
+    def get_db():
+        call_counter["count"] += 1
+        return f"db_{call_counter['count']}"
+
+    def get_user(db: Annotated[str, Depends(get_db)]):
+        return "user"
+
+    app = FastAPI()
+
+    @app.get("/")
+    def endpoint(
+        db: Annotated[str, Depends(get_db)],
+        user: Annotated[str, Security(get_user, scopes=["read"])],
+    ):
+        return {"db": db}
+
+    return app
+
+
+@pytest.fixture(name="client")
+def client_fixture(app: FastAPI):
+    return TestClient(app)
+
+
+def test_security_scopes_dependency_called_once(
+    client: TestClient, call_counter: Dict[str, int]
+):
+    response = client.get("/")
+
+    assert response.status_code == 200
+    assert call_counter["count"] == 1
diff --git a/tests/test_security_scopes_dont_propagate.py b/tests/test_security_scopes_dont_propagate.py
new file mode 100644
index 000000000..2bbcc749d
--- /dev/null
+++ b/tests/test_security_scopes_dont_propagate.py
@@ -0,0 +1,45 @@
+# Ref: https://github.com/tiangolo/fastapi/issues/5623
+
+from typing import Any, Dict, List
+
+from fastapi import FastAPI, Security
+from fastapi.security import SecurityScopes
+from fastapi.testclient import TestClient
+from typing_extensions import Annotated
+
+
+async def security1(scopes: SecurityScopes):
+    return scopes.scopes
+
+
+async def security2(scopes: SecurityScopes):
+    return scopes.scopes
+
+
+async def dep3(
+    dep1: Annotated[List[str], Security(security1, scopes=["scope1"])],
+    dep2: Annotated[List[str], Security(security2, scopes=["scope2"])],
+):
+    return {"dep1": dep1, "dep2": dep2}
+
+
+app = FastAPI()
+
+
+@app.get("/scopes")
+def get_scopes(
+    dep3: Annotated[Dict[str, Any], Security(dep3, scopes=["scope3"])],
+):
+    return dep3
+
+
+client = TestClient(app)
+
+
+def test_security_scopes_dont_propagate():
+    response = client.get("/scopes")
+    assert response.status_code == 200
+    assert response.json() == {
+        "dep1": ["scope3", "scope1"],
+        "dep2": ["scope3", "scope2"],
+    }
diff --git a/tests/test_security_scopes_sub_dependency.py b/tests/test_security_scopes_sub_dependency.py
new file mode 100644
index 000000000..9cc668d8e
--- /dev/null
+++ b/tests/test_security_scopes_sub_dependency.py
@@ -0,0 +1,107 @@
+# Ref: https://github.com/fastapi/fastapi/discussions/6024#discussioncomment-8541913
+
+from typing import Dict
+
+import pytest
+from fastapi import Depends, FastAPI, Security
+from fastapi.security import SecurityScopes
+from fastapi.testclient import TestClient
+from typing_extensions import Annotated
+
+
+@pytest.fixture(name="call_counts")
+def call_counts_fixture():
+    return {
+        "get_db_session": 0,
+        "get_current_user": 0,
+        "get_user_me": 0,
+        "get_user_items": 0,
+    }
+
+
+@pytest.fixture(name="app")
+def app_fixture(call_counts: Dict[str, int]):
+    def get_db_session():
+        call_counts["get_db_session"] += 1
+        return f"db_session_{call_counts['get_db_session']}"
+
+    def get_current_user(
+        security_scopes: SecurityScopes,
+        db_session: Annotated[str, Depends(get_db_session)],
+    ):
+        call_counts["get_current_user"] += 1
+        return {
+            "user": f"user_{call_counts['get_current_user']}",
+            "scopes": security_scopes.scopes,
+            "db_session": db_session,
+        }
+
+    def get_user_me(
+        current_user: Annotated[dict, Security(get_current_user, scopes=["me"])],
+    ):
+        call_counts["get_user_me"] += 1
+        return {
+            "user_me": f"user_me_{call_counts['get_user_me']}",
+            "current_user": current_user,
+        }
+
+    def get_user_items(
+        user_me: Annotated[dict, Depends(get_user_me)],
+    ):
+        call_counts["get_user_items"] += 1
+        return {
+            "user_items": f"user_items_{call_counts['get_user_items']}",
+            "user_me": user_me,
+        }
+
+    app = FastAPI()
+
+    @app.get("/")
+    def path_operation(
+        user_me: Annotated[dict, Depends(get_user_me)],
+        user_items: Annotated[dict, Security(get_user_items, scopes=["items"])],
+    ):
+        return {
+            "user_me": user_me,
+            "user_items": user_items,
+        }
+
+    return app
+
+
+@pytest.fixture(name="client")
+def client_fixture(app: FastAPI):
+    return TestClient(app)
+
+
+def test_security_scopes_sub_dependency_caching(
+    client: TestClient, call_counts: Dict[str, int]
+):
+    response = client.get("/")
+
+    assert response.status_code == 200
+    assert call_counts["get_db_session"] == 1
+    assert call_counts["get_current_user"] == 2
+    assert call_counts["get_user_me"] == 2
+    assert call_counts["get_user_items"] == 1
+    assert response.json() == {
+        "user_me": {
+            "user_me": "user_me_1",
+            "current_user": {
+                "user": "user_1",
+                "scopes": ["me"],
+                "db_session": "db_session_1",
+            },
+        },
+        "user_items": {
+            "user_items": "user_items_1",
+            "user_me": {
+                "user_me": "user_me_2",
+                "current_user": {
+                    "user": "user_2",
+                    "scopes": ["items", "me"],
+                    "db_session": "db_session_1",
+                },
+            },
+        },
+    }