diff --git a/package/docker-compose/docker-compose.hash b/package/docker-compose/docker-compose.hash
index a2ffadd31c..fd715c3591 100644
--- a/package/docker-compose/docker-compose.hash
+++ b/package/docker-compose/docker-compose.hash
@@ -1,3 +1,3 @@
 # Locally computed
-sha256  0c0453729b7a37badcf530fc140b1b8b907cbdcecfdb6be6413f410c86665c70  docker-compose-2.38.2-go2.tar.gz
+sha256  cdf70334f2c6afe8fcf1c5d6b4065cd9e8d26dc6317811ce5aabe0f8a0e95951  docker-compose-2.40.3-go2.tar.gz
 sha256  58d1e17ffe5109a7ae296caafcadfdbe6a7d176f0bc4ab01e12a689b0499d8bd  LICENSE
diff --git a/package/docker-compose/docker-compose.mk b/package/docker-compose/docker-compose.mk
index f70cf725df..17390e6577 100644
--- a/package/docker-compose/docker-compose.mk
+++ b/package/docker-compose/docker-compose.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-DOCKER_COMPOSE_VERSION = 2.38.2
+DOCKER_COMPOSE_VERSION = 2.40.3
 DOCKER_COMPOSE_SITE = $(call github,docker,compose,v$(DOCKER_COMPOSE_VERSION))
 DOCKER_COMPOSE_LICENSE = Apache-2.0
 DOCKER_COMPOSE_LICENSE_FILES = LICENSE