diff --git a/package/webp/webp.hash b/package/webp/webp.hash
index adc543059b..d579356a7c 100644
--- a/package/webp/webp.hash
+++ b/package/webp/webp.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  2a499607df669e40258e53d0ade8035ba4ec0175244869d1025d460562aa09b4  libwebp-1.3.2.tar.gz
+sha256  61f873ec69e3be1b99535634340d5bde750b2e4447caa1db9f61be3fd49ab1e5  libwebp-1.4.0.tar.gz
 sha256  5aec868f669e384a22372a4e8a1a6cd7d44c64cd451f960ca69cc170d1e13acf  COPYING
diff --git a/package/webp/webp.mk b/package/webp/webp.mk
index 33cb4bd507..a4d030948b 100644
--- a/package/webp/webp.mk
+++ b/package/webp/webp.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WEBP_VERSION = 1.3.2
+WEBP_VERSION = 1.4.0
 WEBP_SOURCE = libwebp-$(WEBP_VERSION).tar.gz
 WEBP_SITE = http://downloads.webmproject.org/releases/webp
 WEBP_LICENSE = BSD-3-Clause