diff --git a/src/cli/common.rs b/src/cli/common.rs
index 4a272b19bc..ea5e38b7e8 100644
--- a/src/cli/common.rs
+++ b/src/cli/common.rs
@@ -293,6 +293,8 @@ pub(crate) async fn update_all_channels(
     force_update: bool,
 ) -> Result<utils::ExitCode> {
     let toolchains = cfg.update_all_channels(force_update).await?;
+    let has_update_error = toolchains.iter().any(|(_, r)| r.is_err());
+    let mut exit_code = utils::ExitCode(if has_update_error { 1 } else { 0 });
 
     if toolchains.is_empty() {
         info!("no updatable toolchains installed");
@@ -308,14 +310,15 @@ pub(crate) async fn update_all_channels(
                 .collect();
             show_channel_updates(cfg, t)?;
         }
-        Ok(utils::ExitCode(0))
+        Ok(())
     };
 
     if do_self_update {
-        self_update(show_channel_updates, cfg.process).await
+        exit_code &= self_update(show_channel_updates, cfg.process).await?;
     } else {
-        show_channel_updates()
+        show_channel_updates()?;
     }
+    Ok(exit_code)
 }
 
 #[derive(Clone, Copy, Debug)]
@@ -358,7 +361,7 @@ pub(crate) fn self_update_permitted(explicit: bool) -> Result<SelfUpdatePermissi
 /// Performs all of a self-update: check policy, download, apply and exit.
 pub(crate) async fn self_update<F>(before_restart: F, process: &Process) -> Result<utils::ExitCode>
 where
-    F: FnOnce() -> Result<utils::ExitCode>,
+    F: FnOnce() -> Result<()>,
 {
     match self_update_permitted(false)? {
         SelfUpdatePermission::HardFail => {
diff --git a/src/cli/rustup_mode.rs b/src/cli/rustup_mode.rs
index 5d482e046c..a82176fb23 100644
--- a/src/cli/rustup_mode.rs
+++ b/src/cli/rustup_mode.rs
@@ -789,6 +789,8 @@ async fn check_updates(cfg: &Cfg<'_>) -> Result<utils::ExitCode> {
 }
 
 async fn update(cfg: &mut Cfg<'_>, opts: UpdateOpts) -> Result<utils::ExitCode> {
+    let mut exit_code = utils::ExitCode(0);
+
     common::warn_if_host_is_emulated(cfg.process);
     let self_update_mode = cfg.get_self_update_mode()?;
     // Priority: no-self-update feature > self_update_mode > no-self-update args.
@@ -862,10 +864,10 @@ async fn update(cfg: &mut Cfg<'_>, opts: UpdateOpts) -> Result<utils::ExitCode>
             }
         }
         if self_update {
-            common::self_update(|| Ok(utils::ExitCode(0)), cfg.process).await?;
+            common::self_update(|| Ok(()), cfg.process).await?;
         }
     } else {
-        common::update_all_channels(cfg, self_update, opts.force).await?;
+        exit_code &= common::update_all_channels(cfg, self_update, opts.force).await?;
         info!("cleaning up downloads & tmp directories");
         utils::delete_dir_contents_following_links(&cfg.download_dir);
         cfg.tmp_cx.clean();
@@ -880,7 +882,7 @@ async fn update(cfg: &mut Cfg<'_>, opts: UpdateOpts) -> Result<utils::ExitCode>
         info!("any updates to rustup will need to be fetched with your system package manager")
     }
 
-    Ok(utils::ExitCode(0))
+    Ok(exit_code)
 }
 
 async fn run(
diff --git a/src/utils/utils.rs b/src/utils/utils.rs
index 4ccddab200..40855b35ab 100644
--- a/src/utils/utils.rs
+++ b/src/utils/utils.rs
@@ -1,6 +1,7 @@
 use std::env;
 use std::fs::{self, File};
 use std::io::{self, BufReader, Write};
+use std::ops::{BitAnd, BitAndAssign};
 use std::path::{Path, PathBuf};
 use std::process::ExitStatus;
 
@@ -21,8 +22,30 @@ pub(crate) use crate::utils::utils::raw::is_directory;
 
 pub use crate::utils::utils::raw::{is_file, path_exists};
 
+#[derive(Debug, PartialEq, Eq)]
 pub struct ExitCode(pub i32);
 
+impl BitAnd for ExitCode {
+    type Output = Self;
+
+    // If `self` is `0` (success), yield `rhs`.
+    fn bitand(self, rhs: Self) -> Self::Output {
+        match self.0 {
+            0 => rhs,
+            _ => self,
+        }
+    }
+}
+
+impl BitAndAssign for ExitCode {
+    // If `self` is `0` (success), set `self` to `rhs`.
+    fn bitand_assign(&mut self, rhs: Self) {
+        if self.0 == 0 {
+            *self = rhs
+        }
+    }
+}
+
 impl From<ExitStatus> for ExitCode {
     fn from(status: ExitStatus) -> Self {
         Self(match status.success() {