diff --git a/libs/libfmt/Makefile b/libs/libfmt/Makefile
index b587eb9e7..f3c10dbf8 100644
--- a/libs/libfmt/Makefile
+++ b/libs/libfmt/Makefile
@@ -8,13 +8,13 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libfmt
-PKG_VERSION:=5.2.1
-PKG_RELEASE:=2
+PKG_VERSION:=5.3.0
+PKG_RELEASE:=1
 
 PKG_SOURCE_NAME:=fmt
 PKG_SOURCE:=$(PKG_SOURCE_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/fmtlib/$(PKG_SOURCE_NAME)/tar.gz/$(PKG_VERSION)?
-PKG_HASH:=3c812a18e9f72a88631ab4732a97ce9ef5bcbefb3235e9fd465f059ba204359b
+PKG_HASH:=defa24a9af4c622a7134076602070b45721a43c51598c8456ec6f2c4dbb51c89
 PKG_BUILD_DIR:=$(BUILD_DIR)/$(PKG_SOURCE_NAME)-$(PKG_VERSION)
 
 PKG_MAINTAINER:=Othmar Truniger <github@truniger.ch>