diff --git a/lib/ecto/migrator.ex b/lib/ecto/migrator.ex
index 38dfd1e1..1fc2fd1b 100644
--- a/lib/ecto/migrator.ex
+++ b/lib/ecto/migrator.ex
@@ -247,8 +247,6 @@ defmodule Ecto.Migrator do
       if version in versions do
         :already_up
       else
-        result = do_up(repo, config, version, module, opts)
-
         if version != Enum.max([version | versions]) do
           latest = Enum.max(versions)
 
@@ -271,7 +269,7 @@ defmodule Ecto.Migrator do
           end
         end
 
-        result
+        do_up(repo, config, version, module, opts)
       end
     end)
   end
@@ -333,9 +331,14 @@ defmodule Ecto.Migrator do
     dynamic_repo = repo.get_dynamic_repo()
 
     fun_with_status = fn ->
-      result = fun.()
-      apply(SchemaMigration, direction, [repo, config, version, opts])
-      result
+      case fun.() do
+        :ok ->
+          apply(SchemaMigration, direction, [repo, config, version, opts])
+          :ok
+
+        result ->
+          result
+      end
     end
 
     fn -> run_maybe_in_transaction(repo, dynamic_repo, module, fun_with_status, opts) end
diff --git a/test/ecto/migrator_test.exs b/test/ecto/migrator_test.exs
index 5c815ecb..39a583c7 100644
--- a/test/ecto/migrator_test.exs
+++ b/test/ecto/migrator_test.exs
@@ -396,6 +396,8 @@ defmodule Ecto.MigratorTest do
     assert_raise Ecto.MigrationError, fn ->
       up(TestRepo, 0, Migration, log: false, strict_version_order: true)
     end
+
+    refute {0, nil} in MigrationsAgent.get()
   end
 
   test "up invokes the repository adapter with up commands" do
@@ -418,12 +420,16 @@ defmodule Ecto.MigratorTest do
     assert_raise Ecto.MigrationError, fn ->
       Ecto.Migrator.up(TestRepo, 10, InvalidMigration, log: false)
     end
+
+    refute {10, nil} in MigrationsAgent.get()
   end
 
   test "down raises error when missing down/0 and change/0" do
     assert_raise Ecto.MigrationError, fn ->
       Ecto.Migrator.down(TestRepo, 1, InvalidMigration, log: false)
     end
+
+    assert {1, nil} in MigrationsAgent.get()
   end
 
   # TODO: Remove when we require Elixir 1.14