diff --git a/lang/python/pillow/Makefile b/lang/python/pillow/Makefile
index ad86947233..e5c6e98f9d 100644
--- a/lang/python/pillow/Makefile
+++ b/lang/python/pillow/Makefile
@@ -7,12 +7,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=pillow
-PKG_VERSION:=12.2.0
-PKG_RELEASE:=2
+PKG_VERSION:=12.3.0
+PKG_RELEASE:=1
 
 PYPI_NAME:=Pillow
 PYPI_SOURCE_NAME:=pillow
-PKG_HASH:=a830b1a40919539d07806aa58e1b114df53ddd43213d9c8b75847eee6c0182b5
+PKG_HASH:=3b8182a766685eaa002637e28b4ec8d6b18819a0c71f579bf0dbaa5830297cce
 
 PKG_BUILD_DEPENDS:=python-setuptools/host