diff --git a/drivers/md/dm-cache-target.c b/drivers/md/dm-cache-target.c
index d8d9c63d2a67..1a5072425c4a 100644
--- a/drivers/md/dm-cache-target.c
+++ b/drivers/md/dm-cache-target.c
@@ -1463,6 +1463,9 @@ static void invalidate_complete(struct dm_cache_migration *mg, bool success)
 	struct bio_list bios;
 	struct cache *cache = mg->cache;
 
+	if (success)
+		atomic_inc(&cache->stats.demotion);
+
 	bio_list_init(&bios);
 	if (mg->cell) {
 		if (dm_cell_unlock_v2(cache->prison, mg->cell, &bios))
@@ -1734,7 +1737,6 @@ static int map_bio(struct cache *cache, struct bio *bio, dm_oblock_t block,
 		if (passthrough_mode(cache)) {
 			if (bio_data_dir(bio) == WRITE) {
 				bio_drop_shared_lock(cache, bio);
-				atomic_inc(&cache->stats.demotion);
 				invalidate_start(cache, cblock, block, bio);
 				return DM_MAPIO_SUBMITTED;
 			} else