diff --git a/.changeset/five-lobsters-sing.md b/.changeset/five-lobsters-sing.md
new file mode 100644
index 000000000..588da50a3
--- /dev/null
+++ b/.changeset/five-lobsters-sing.md
@@ -0,0 +1,5 @@
+---
+"@tiptap/extension-floating-menu": patch
+---
+
+Fixed an issue that cause the floating menu empty-node check to not respect leaf nodes that didn't count into a nodes text content
diff --git a/demos/src/Examples/Issue4327/React/foo.ts b/demos/src/Examples/Issue4327/React/foo.ts
new file mode 100644
index 000000000..47708c279
--- /dev/null
+++ b/demos/src/Examples/Issue4327/React/foo.ts
@@ -0,0 +1,26 @@
+import { mergeAttributes, Node } from '@tiptap/core'
+
+export default Node.create({
+  name: 'foo',
+
+  group: 'inline',
+
+  inline: true,
+
+  parseHTML() {
+    return [
+      {
+        tag: 'span',
+        getAttrs: node => (node as HTMLElement).hasAttribute('data-foo') && null,
+      },
+    ]
+  },
+
+  renderHTML({ HTMLAttributes }) {
+    return ['span', mergeAttributes({ 'data-foo': '', HTMLAttributes }), 'foo']
+  },
+
+  renderText() {
+    return 'foo'
+  },
+})
diff --git a/demos/src/Examples/Issue4327/React/index.html b/demos/src/Examples/Issue4327/React/index.html
new file mode 100644
index 000000000..e69de29bb
diff --git a/demos/src/Examples/Issue4327/React/index.tsx b/demos/src/Examples/Issue4327/React/index.tsx
new file mode 100644
index 000000000..beff64ecc
--- /dev/null
+++ b/demos/src/Examples/Issue4327/React/index.tsx
@@ -0,0 +1,27 @@
+import './styles.scss'
+
+import { EditorContent, FloatingMenu, useEditor } from '@tiptap/react'
+import StarterKit from '@tiptap/starter-kit'
+import React from 'react'
+
+import Foo from './foo.js'
+
+export default () => {
+  const editor = useEditor({
+    extensions: [
+      StarterKit, Foo,
+    ],
+    content: `
+      <p><span data-foo=''>foo</span></p>
+    `,
+  })
+
+  return (
+    <>
+      {editor && <FloatingMenu editor={editor} tippyOptions={{ duration: 100 }}>
+        <div>Hello</div>
+      </FloatingMenu>}
+      <EditorContent editor={editor} />
+    </>
+  )
+}
diff --git a/demos/src/Examples/Issue4327/React/styles.scss b/demos/src/Examples/Issue4327/React/styles.scss
new file mode 100644
index 000000000..1c9f0f6cd
--- /dev/null
+++ b/demos/src/Examples/Issue4327/React/styles.scss
@@ -0,0 +1,10 @@
+.tiptap {
+  > * + * {
+    margin-top: 0.75em;
+  }
+
+  ul,
+  ol {
+    padding: 0 1rem;
+  }
+}
diff --git a/demos/src/Examples/Issue4327/foo.ts b/demos/src/Examples/Issue4327/foo.ts
new file mode 100644
index 000000000..47708c279
--- /dev/null
+++ b/demos/src/Examples/Issue4327/foo.ts
@@ -0,0 +1,26 @@
+import { mergeAttributes, Node } from '@tiptap/core'
+
+export default Node.create({
+  name: 'foo',
+
+  group: 'inline',
+
+  inline: true,
+
+  parseHTML() {
+    return [
+      {
+        tag: 'span',
+        getAttrs: node => (node as HTMLElement).hasAttribute('data-foo') && null,
+      },
+    ]
+  },
+
+  renderHTML({ HTMLAttributes }) {
+    return ['span', mergeAttributes({ 'data-foo': '', HTMLAttributes }), 'foo']
+  },
+
+  renderText() {
+    return 'foo'
+  },
+})
diff --git a/demos/src/Extensions/FloatingMenu/React/index.jsx b/demos/src/Extensions/FloatingMenu/React/index.jsx
index 7fcb176de..24c21ea2c 100644
--- a/demos/src/Extensions/FloatingMenu/React/index.jsx
+++ b/demos/src/Extensions/FloatingMenu/React/index.jsx
@@ -1,13 +1,50 @@
 import './styles.scss'
 
-import { EditorContent, FloatingMenu, useEditor } from '@tiptap/react'
+import {
+  EditorContent, FloatingMenu, mergeAttributes,
+  Node, useEditor,
+} from '@tiptap/react'
 import StarterKit from '@tiptap/starter-kit'
 import React, { useEffect } from 'react'
 
+const Foo = Node.create({
+  name: 'foo',
+
+  group: 'inline',
+
+  inline: true,
+
+  parseHTML() {
+    return [
+      {
+        tag: 'span',
+        getAttrs: node => node.hasAttribute('data-foo') && null,
+      },
+    ]
+  },
+
+  renderHTML({ HTMLAttributes }) {
+    return ['span', mergeAttributes({ 'data-foo': '', HTMLAttributes }), 'foo']
+  },
+
+  renderText() {
+    return 'foo'
+  },
+
+  addCommands() {
+    return {
+      insertFoo: () => ({ commands }) => {
+        return commands.insertContent({ type: this.name })
+      },
+    }
+  },
+})
+
 export default () => {
   const editor = useEditor({
     extensions: [
       StarterKit,
+      Foo,
     ],
     content: `
       <p>
@@ -32,9 +69,10 @@ export default () => {
           <input type="checkbox" checked={isEditable} onChange={() => setIsEditable(!isEditable)} />
           Editable
         </label>
+        <button data-testid="insert-foo" onClick={() => editor.chain().insertFoo().focus().run()}>Insert Foo</button>
       </div>
       {editor && <FloatingMenu editor={editor} tippyOptions={{ duration: 100 }}>
-        <div className="floating-menu">
+        <div data-testid="floating-menu" className="floating-menu">
           <button
             onClick={() => editor.chain().focus().toggleHeading({ level: 1 }).run()}
             className={editor.isActive('heading', { level: 1 }) ? 'is-active' : ''}
diff --git a/demos/src/Extensions/FloatingMenu/React/index.spec.js b/demos/src/Extensions/FloatingMenu/React/index.spec.js
new file mode 100644
index 000000000..033c026c3
--- /dev/null
+++ b/demos/src/Extensions/FloatingMenu/React/index.spec.js
@@ -0,0 +1,35 @@
+context('/src/Extensions/FloatingMenu/React/', () => {
+  before(() => {
+    cy.visit('/src/Extensions/FloatingMenu/React/')
+  })
+
+  it('should not render a floating menu on non-empty nodes', () => {
+    cy.get('.tiptap').then(([{ editor }]) => {
+      editor.chain().setContent('<p>Example Text</p>').focus().run()
+      const floatingMenu = cy.get('[data-testID="floating-menu"]')
+
+      floatingMenu.should('not.exist')
+    })
+  })
+
+  it('should render a floating menu on empty nodes', () => {
+    cy.get('.tiptap').then(([{ editor }]) => {
+      editor.chain().setContent('<p></p>').focus().run()
+      const floatingMenu = cy.get('[data-testID="floating-menu"]')
+
+      floatingMenu.should('exist')
+    })
+  })
+
+  it('should not render a floating menu when a leaf node is inserted', () => {
+    cy.get('.tiptap').then(([{ editor }]) => {
+      editor.chain().setContent('<p></p>').focus().run()
+
+      cy.get('[data-testID="insert-foo"]').click()
+
+      const floatingMenu = cy.get('[data-testID="floating-menu"]')
+
+      floatingMenu.should('not.exist')
+    })
+  })
+})
diff --git a/packages/extension-floating-menu/src/floating-menu-plugin.ts b/packages/extension-floating-menu/src/floating-menu-plugin.ts
index 07797f8bc..a8799a794 100644
--- a/packages/extension-floating-menu/src/floating-menu-plugin.ts
+++ b/packages/extension-floating-menu/src/floating-menu-plugin.ts
@@ -1,4 +1,7 @@
-import { Editor, posToDOMRect } from '@tiptap/core'
+import {
+  Editor, getText, getTextSerializersFromSchema, posToDOMRect,
+} from '@tiptap/core'
+import { Node as ProseMirrorNode } from '@tiptap/pm/model'
 import { EditorState, Plugin, PluginKey } from '@tiptap/pm/state'
 import { EditorView } from '@tiptap/pm/view'
 import tippy, { Instance, Props } from 'tippy.js'
@@ -64,11 +67,16 @@ export class FloatingMenuView {
 
   public tippyOptions?: Partial<Props>
 
+  private getTextContent(node:ProseMirrorNode) {
+    return getText(node, { textSerializers: getTextSerializersFromSchema(this.editor.schema) })
+  }
+
   public shouldShow: Exclude<FloatingMenuPluginProps['shouldShow'], null> = ({ view, state }) => {
     const { selection } = state
     const { $anchor, empty } = selection
     const isRootDepth = $anchor.depth === 1
-    const isEmptyTextBlock = $anchor.parent.isTextblock && !$anchor.parent.type.spec.code && !$anchor.parent.textContent
+
+    const isEmptyTextBlock = $anchor.parent.isTextblock && !$anchor.parent.type.spec.code && !$anchor.parent.textContent && $anchor.parent.childCount === 0 && !this.getTextContent($anchor.parent)
 
     if (
       !view.hasFocus()
diff --git a/tests/cypress/integration/Issue4327/index.spec.ts b/tests/cypress/integration/Issue4327/index.spec.ts
new file mode 100644
index 000000000..66494c0fc
--- /dev/null
+++ b/tests/cypress/integration/Issue4327/index.spec.ts
@@ -0,0 +1,18 @@
+/// <reference types="cypress" />
+
+import { Editor } from '@tiptap/core'
+
+interface EditorElement extends HTMLElement {
+  editor: Editor
+}
+context('/cypress/integration/Issue4327/React/', () => {
+  before(() => {
+    cy.visit('/src/Examples/Issue4327/React/')
+  })
+  it('should not show menu when node has renderText returning text with length > 0', () => {
+    cy.get('.tiptap').then(([editorElement]) => {
+      (editorElement as EditorElement).editor.commands.focus()
+    }).get('.ProseMirror-focused').get('#app')
+      .should('not.have.descendants', '[data-tippy-root]')
+  })
+})