diff --git a/homeassistant/components/axis/__init__.py b/homeassistant/components/axis/__init__.py
index 65a425fa5c4..ae5ffcbdb7a 100644
--- a/homeassistant/components/axis/__init__.py
+++ b/homeassistant/components/axis/__init__.py
@@ -50,7 +50,7 @@ async def async_migrate_entry(hass: HomeAssistant, config_entry: ConfigEntry) ->
 
     if config_entry.version != 3:
         # Home Assistant 2023.2
-        config_entry.version = 3
+        hass.config_entries.async_update_entry(config_entry, version=3)
 
     _LOGGER.info("Migration to version %s successful", config_entry.version)