diff --git a/admin/tool/usertours/classes/step.php b/admin/tool/usertours/classes/step.php
index 3bfa5f2b16e..27c6517822e 100644
--- a/admin/tool/usertours/classes/step.php
+++ b/admin/tool/usertours/classes/step.php
@@ -813,21 +813,23 @@ class step {
      * @return string Processed tour content
      */
     public static function get_step_image_from_input(string $content): string {
-        global $OUTPUT;
-
-        if (preg_match('/(?<=@@PIXICON::).*?(?=@@)/', $content, $matches)) {
-            $bits = explode('::', $matches[0]);
-            $identifier = $bits[0];
-            $component = $bits[1];
-            if ($component == 'moodle') {
-                $component = 'core';
-            }
-            $image = \html_writer::img($OUTPUT->image_url($identifier, $component)->out(false),
-                '', ['class' => 'img-fluid']);
-            $contenttoreplace = '@@PIXICON::' . $matches[0] . '@@';
-            $content = str_replace($contenttoreplace, $image, $content);
+        if (strpos($content, '@@PIXICON') === false) {
+            return $content;
         }
 
+        $content = preg_replace_callback('%@@PIXICON::(?P<identifier>([^::]*))::(?P<component>([^@@]*))@@%',
+            function(array $matches) {
+                global $OUTPUT;
+                $component = $matches['component'];
+                if ($component == 'moodle') {
+                    $component = 'core';
+                }
+                return \html_writer::img($OUTPUT->image_url($matches['identifier'], $component)->out(false), '',
+                    ['class' => 'img-fluid']);
+            },
+            $content
+        );
+
         return $content;
     }
 }
diff --git a/admin/tool/usertours/tests/step_test.php b/admin/tool/usertours/tests/step_test.php
index d6c78d0dea5..6d4512828c1 100644
--- a/admin/tool/usertours/tests/step_test.php
+++ b/admin/tool/usertours/tests/step_test.php
@@ -828,6 +828,7 @@ class step_testcase extends advanced_testcase {
      * Ensure that the get_step_image_from_input function replace PIXICON placeholder with the correct images correctly.
      */
     public function test_get_step_image_from_input() {
+        // Test step content with single image.
         $stepcontent = '@@PIXICON::tour/tour_mycourses::tool_usertours@@<br>Test';
         $stepcontent = \tool_usertours\step::get_step_image_from_input($stepcontent);
 
@@ -836,6 +837,16 @@ class step_testcase extends advanced_testcase {
         $this->assertStringEndsWith('Test', $stepcontent);
         $this->assertStringNotContainsString('PIXICON', $stepcontent);
 
+        // Test step content with multiple images.
+        $stepcontent = '@@PIXICON::tour/tour_mycourses::tool_usertours@@<br>Test<br>@@PIXICON::tour/tour_myhomepage::tool_usertours@@';
+        $stepcontent = \tool_usertours\step::get_step_image_from_input($stepcontent);
+        // If the format is correct, PIXICON placeholder will be replaced with the img tag.
+        $this->assertStringStartsWith('<img', $stepcontent);
+        // We should have 2 img tags here.
+        $this->assertEquals(2, substr_count($stepcontent, '<img'));
+        $this->assertStringNotContainsString('PIXICON', $stepcontent);
+
+        // Test step content with incorrect format.
         $stepcontent = '@@PIXICON::tour/tour_mycourses<br>Test';
         $stepcontent = \tool_usertours\step::get_step_image_from_input($stepcontent);