diff --git a/airflow/models/dagbag.py b/airflow/models/dagbag.py
index 03e416c2478b8..ebb810529f9ee 100644
--- a/airflow/models/dagbag.py
+++ b/airflow/models/dagbag.py
@@ -580,7 +580,7 @@ def collect_dags(
                 file_parse_end_dttm = timezone.utcnow()
                 stats.append(
                     FileLoadStat(
-                        file=filepath.replace(settings.DAGS_FOLDER, ""),
+                        file=filepath.replace(str(dag_folder), ""),
                         duration=file_parse_end_dttm - file_parse_start_dttm,
                         dag_num=len(found_dags),
                         task_num=sum(len(dag.tasks) for dag in found_dags),