diff --git a/package/protobuf/protobuf.hash b/package/protobuf/protobuf.hash
index 60e64f54d4..f37b2dee40 100644
--- a/package/protobuf/protobuf.hash
+++ b/package/protobuf/protobuf.hash
@@ -1,3 +1,3 @@
 # Locally calculated
 sha256  6e5e117324afd944dcf67f36cf329843bc1a92229a8cd9bb573d7a83130fea7d  LICENSE
-sha256  645192532f28254152b51c01868efdf9b766b1dbe49c77cccd6efcdb2d7c7bc2  protobuf-cpp-3.19.1.tar.gz
+sha256  dddd73664306d7d895a95e1cf18925b31b52785e468727e4635b45edae5166f9  protobuf-cpp-3.20.1.tar.gz
diff --git a/package/protobuf/protobuf.mk b/package/protobuf/protobuf.mk
index 80764f0216..c4c33ba7da 100644
--- a/package/protobuf/protobuf.mk
+++ b/package/protobuf/protobuf.mk
@@ -7,7 +7,7 @@
 # When bumping this package, make sure to also verify if the
 # python-protobuf package still works and to update its hash,
 # as they share the same version/site variables.
-PROTOBUF_VERSION = 3.19.1
+PROTOBUF_VERSION = 3.20.1
 PROTOBUF_SOURCE = protobuf-cpp-$(PROTOBUF_VERSION).tar.gz
 PROTOBUF_SITE = https://github.com/protocolbuffers/protobuf/releases/download/v$(PROTOBUF_VERSION)
 PROTOBUF_LICENSE = BSD-3-Clause
diff --git a/package/python-protobuf/python-protobuf.hash b/package/python-protobuf/python-protobuf.hash
index 2bfef96676..ddfa48b491 100644
--- a/package/python-protobuf/python-protobuf.hash
+++ b/package/python-protobuf/python-protobuf.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  2286615a3ae3e24c3524d171b6728b77b72cd2f3aab905f6a8d3fcaf6209dd00  protobuf-python-3.19.1.tar.gz
+sha256  d3449b4df32ca155f8cd71051db916b2bf74cc925760e269c0acf09b48ec1cb8  protobuf-python-3.20.1.tar.gz
 sha256  6e5e117324afd944dcf67f36cf329843bc1a92229a8cd9bb573d7a83130fea7d  LICENSE