diff --git a/src/ast/mod.rs b/src/ast/mod.rs
index 75e88f8a83..8bf750765c 100644
--- a/src/ast/mod.rs
+++ b/src/ast/mod.rs
@@ -4059,6 +4059,12 @@ pub enum Statement {
         immediate: bool,
         into: Vec<Ident>,
         using: Vec<ExprWithAlias>,
+        /// Whether the last parameter is the return value of the procedure
+        /// MSSQL: <https://learn.microsoft.com/en-us/sql/t-sql/language-elements/execute-transact-sql?view=sql-server-ver17#output>
+        output: bool,
+        /// Whether to invoke the procedure with the default parameter values
+        /// MSSQL: <https://learn.microsoft.com/en-us/sql/t-sql/language-elements/execute-transact-sql?view=sql-server-ver17#default>
+        default: bool,
     },
     /// ```sql
     /// PREPARE name [ ( data_type [, ...] ) ] AS statement
@@ -5815,6 +5821,8 @@ impl fmt::Display for Statement {
                 immediate,
                 into,
                 using,
+                output,
+                default,
             } => {
                 let (open, close) = if *has_parentheses {
                     ("(", ")")
@@ -5835,6 +5843,12 @@ impl fmt::Display for Statement {
                 if !using.is_empty() {
                     write!(f, " USING {}", display_comma_separated(using))?;
                 };
+                if *output {
+                    write!(f, " OUTPUT")?;
+                }
+                if *default {
+                    write!(f, " DEFAULT")?;
+                }
                 Ok(())
             }
             Statement::Prepare {
diff --git a/src/parser/mod.rs b/src/parser/mod.rs
index 47b63da87d..b3ceec7e27 100644
--- a/src/parser/mod.rs
+++ b/src/parser/mod.rs
@@ -15734,10 +15734,11 @@ impl<'a> Parser<'a> {
 
         let has_parentheses = self.consume_token(&Token::LParen);
 
+        let end_kws = &[Keyword::USING, Keyword::OUTPUT, Keyword::DEFAULT];
         let end_token = match (has_parentheses, self.peek_token().token) {
             (true, _) => Token::RParen,
             (false, Token::EOF) => Token::EOF,
-            (false, Token::Word(w)) if w.keyword == Keyword::USING => Token::Word(w),
+            (false, Token::Word(w)) if end_kws.contains(&w.keyword) => Token::Word(w),
             (false, _) => Token::SemiColon,
         };
 
@@ -15759,6 +15760,10 @@ impl<'a> Parser<'a> {
             vec![]
         };
 
+        let output = self.parse_keyword(Keyword::OUTPUT);
+
+        let default = self.parse_keyword(Keyword::DEFAULT);
+
         Ok(Statement::Execute {
             immediate: name.is_none(),
             name,
@@ -15766,6 +15771,8 @@ impl<'a> Parser<'a> {
             has_parentheses,
             into,
             using,
+            output,
+            default,
         })
     }
 
diff --git a/tests/sqlparser_common.rs b/tests/sqlparser_common.rs
index 15144479c7..ff237a4787 100644
--- a/tests/sqlparser_common.rs
+++ b/tests/sqlparser_common.rs
@@ -11406,6 +11406,8 @@ fn parse_execute_stored_procedure() {
         immediate: false,
         using: vec![],
         into: vec![],
+        output: false,
+        default: false,
     };
     assert_eq!(
         // Microsoft SQL Server does not use parentheses around arguments for EXECUTE
@@ -11420,6 +11422,18 @@ fn parse_execute_stored_procedure() {
         ),
         expected
     );
+    match ms_and_generic().verified_stmt("EXECUTE dbo.proc1 @ReturnVal = @X OUTPUT") {
+        Statement::Execute { output, .. } => {
+            assert!(output);
+        }
+        _ => unreachable!(),
+    }
+    match ms_and_generic().verified_stmt("EXECUTE dbo.proc1 DEFAULT") {
+        Statement::Execute { default, .. } => {
+            assert!(default);
+        }
+        _ => unreachable!(),
+    }
 }
 
 #[test]
@@ -11438,6 +11452,8 @@ fn parse_execute_immediate() {
         into: vec![Ident::new("a")],
         name: None,
         has_parentheses: false,
+        output: false,
+        default: false,
     };
 
     let stmt = dialects.verified_stmt("EXECUTE IMMEDIATE 'SELECT 1' INTO a USING 1 AS b");
diff --git a/tests/sqlparser_postgres.rs b/tests/sqlparser_postgres.rs
index 0d1d138cd5..461277d81d 100644
--- a/tests/sqlparser_postgres.rs
+++ b/tests/sqlparser_postgres.rs
@@ -1666,7 +1666,9 @@ fn parse_execute() {
             has_parentheses: false,
             using: vec![],
             immediate: false,
-            into: vec![]
+            into: vec![],
+            output: false,
+            default: false,
         }
     );
 
@@ -1682,7 +1684,9 @@ fn parse_execute() {
             has_parentheses: true,
             using: vec![],
             immediate: false,
-            into: vec![]
+            into: vec![],
+            output: false,
+            default: false,
         }
     );
 
@@ -1719,7 +1723,9 @@ fn parse_execute() {
                 },
             ],
             immediate: false,
-            into: vec![]
+            into: vec![],
+            output: false,
+            default: false,
         }
     );
 }