diff --git a/packages/devel/libfmt/package.mk b/packages/devel/libfmt/package.mk
index 11f8178944..032bf6907e 100644
--- a/packages/devel/libfmt/package.mk
+++ b/packages/devel/libfmt/package.mk
@@ -2,8 +2,8 @@
 # Copyright (C) 2017-present Team LibreELEC (https://libreelec.tv)
 
 PKG_NAME="libfmt"
-PKG_VERSION="7.0.1"
-PKG_SHA256="ac335a4ca6beaebec4ddb2bc35b9ae960b576f3b64a410ff2c379780f0cd4948"
+PKG_VERSION="7.0.3"
+PKG_SHA256="b4b51bc16288e2281cddc59c28f0b4f84fed58d016fb038273a09f05f8473297"
 PKG_LICENSE="BSD"
 PKG_SITE="https://github.com/fmtlib/fmt"
 PKG_URL="https://github.com/fmtlib/fmt/archive/$PKG_VERSION.tar.gz"