diff --git a/package/fmt/fmt.hash b/package/fmt/fmt.hash
index 78665d2fa7..a124a1b7ed 100644
--- a/package/fmt/fmt.hash
+++ b/package/fmt/fmt.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256 73d4cab4fa8a3482643d8703de4d9522d7a56981c938eca42d929106ff474b44  fmt-5.1.0.tar.gz
+sha256 defa24a9af4c622a7134076602070b45721a43c51598c8456ec6f2c4dbb51c89  fmt-5.3.0.tar.gz
 sha256 560d39617dfb4b4e4088597291a070ed6c3a8d67668114ed475c673430c3e49a  LICENSE.rst
diff --git a/package/fmt/fmt.mk b/package/fmt/fmt.mk
index 39fd7e22d9..17dfb87b74 100644
--- a/package/fmt/fmt.mk
+++ b/package/fmt/fmt.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-FMT_VERSION = 5.1.0
+FMT_VERSION = 5.3.0
 FMT_SITE = $(call github,fmtlib,fmt,$(FMT_VERSION))
 FMT_LICENSE = BSD-2-Clause
 FMT_LICENSE_FILES = LICENSE.rst