diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index f96e2943d6..8f5b4193c6 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.39.4
+PKG_VERSION:=2.40.0
 PKG_RELEASE:=1
 PKG_LICENSE:=Apache-2.0
 PKG_LICENSE_FILES:=LICENSE
 
 PKG_SOURCE:=$(PKG_NAME)-v$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/docker/compose/tar.gz/v${PKG_VERSION}?
-PKG_HASH:=8f3db575b2533dfc0b04e233050593f0d9a435a117cc8b8653b4e89f0813857c
+PKG_HASH:=4b4a0989ac393f7c2bdacda565a167ee0c7347fb20d1e6110477ad4d18b28a02
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>