diff --git a/pkgs/development/python-modules/setuptools/default.nix b/pkgs/development/python-modules/setuptools/default.nix
index 93912d4b4ad3..231580cf9675 100644
--- a/pkgs/development/python-modules/setuptools/default.nix
+++ b/pkgs/development/python-modules/setuptools/default.nix
@@ -8,14 +8,14 @@
 
 buildPythonPackage rec {
   pname = "setuptools";
-  version = "68.2.2";
+  version = "69.0.2";
   format = "pyproject";
 
   src = fetchFromGitHub {
     owner = "pypa";
     repo = "setuptools";
     rev = "refs/tags/v${version}";
-    hash = "sha256-PpZbITlYp/cA+8jmObw8g69TK+oE9YEXD3NNJixExB4=";
+    hash = "sha256-7xOZC85glpXPKdPTYOpwjQHRpkKL1hgbMFgJF3q5EW0=";
   };
 
   patches = [