Index: src/js/_enqueues/wp/editor/base.js
===================================================================
--- src/js/_enqueues/wp/editor/base.js	(revision 60152)
+++ src/js/_enqueues/wp/editor/base.js	(working copy)
@@ -1293,7 +1293,7 @@
 						.append( $button.attr({
 							id: id + '-html',
 							'class': 'wp-switch-editor switch-html'
-						}).text( window.tinymce.translate( 'Code' ) ) )
+						}).text( window.tinymce.translate( 'Text' ) ) )
 					).append( $editorContainer )
 			);
 
Index: src/wp-includes/class-wp-editor.php
===================================================================
--- src/wp-includes/class-wp-editor.php	(revision 60152)
+++ src/wp-includes/class-wp-editor.php	(working copy)
@@ -1396,7 +1396,7 @@
 				'Apply'                                => __( 'Apply' ),        // Tooltip for the 'apply' button in the inline link dialog.
 				'Link options'                         => __( 'Link options' ), // Tooltip for the 'link options' button in the inline link dialog.
 				'Visual'                               => _x( 'Visual', 'Name for the Visual editor tab' ),             // Editor switch tab label.
-				'Code'                                 => _x( 'Code', 'Name for the Code editor tab (formerly Text)' ), // Editor switch tab label.
+				'Text'                                 => _x( 'Code', 'Name for the Code editor tab (formerly Text)' ), // Editor switch tab label.
 				'Add Media'                            => array( __( 'Add Media' ), 'accessM' ), // Tooltip for the 'Add Media' button in the block editor Classic block.
 
 				// Shortcuts help modal.