diff --git a/libs/libfmt/Makefile b/libs/libfmt/Makefile
index a1fcd2dd98..1e408d696d 100644
--- a/libs/libfmt/Makefile
+++ b/libs/libfmt/Makefile
@@ -8,13 +8,13 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libfmt
-PKG_VERSION:=11.0.2
+PKG_VERSION:=11.1.1
 PKG_RELEASE:=1
 
 PKG_SOURCE_NAME:=fmt
 PKG_SOURCE:=$(PKG_SOURCE_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/fmtlib/$(PKG_SOURCE_NAME)/tar.gz/$(PKG_VERSION)?
-PKG_HASH:=6cb1e6d37bdcb756dbbe59be438790db409cdb4868c66e888d5df9f13f7c027f
+PKG_HASH:=482eed9efbc98388dbaee5cb5f368be5eca4893456bb358c18b7ff71f835ae43
 PKG_BUILD_DIR:=$(BUILD_DIR)/$(PKG_SOURCE_NAME)-$(PKG_VERSION)
 
 PKG_MAINTAINER:=Othmar Truniger <github@truniger.ch>