diff --git a/pkgs/development/python-modules/qiskit-optimization/default.nix b/pkgs/development/python-modules/qiskit-optimization/default.nix
index 870878be16a9..28bd19f09102 100644
--- a/pkgs/development/python-modules/qiskit-optimization/default.nix
+++ b/pkgs/development/python-modules/qiskit-optimization/default.nix
@@ -18,7 +18,7 @@
 
 buildPythonPackage rec {
   pname = "qiskit-optimization";
-  version = "0.4.0";
+  version = "0.5.0";
 
   disabled = pythonOlder "3.6";
 
@@ -26,7 +26,7 @@ buildPythonPackage rec {
     owner = "qiskit";
     repo = pname;
     rev = "refs/tags/${version}";
-    sha256 = "sha256-7MksgbCID4x1qW06BCBzcbiS/eNHjZiDKIvKYTPx6cc=";
+    sha256 = "sha256-N4mf5ins0x+yUAIq+yyjSnUrHcaEhH/Jpid/QMhIjE0=";
   };
 
   postPatch = ''