diff --git a/pkgs/development/python-modules/phe/default.nix b/pkgs/development/python-modules/phe/default.nix
index 98f6a02f2f19..0cf03e077cdc 100644
--- a/pkgs/development/python-modules/phe/default.nix
+++ b/pkgs/development/python-modules/phe/default.nix
@@ -13,7 +13,7 @@
 
 buildPythonPackage rec {
   pname = "phe";
-  version = "1.5.0";
+  version = "1.5.1";
   pyproject = true;
 
   # https://github.com/data61/python-paillier/issues/51
@@ -23,7 +23,7 @@ buildPythonPackage rec {
     owner = "data61";
     repo = "python-paillier";
     rev = "refs/tags/${version}";
-    hash = "sha256-fsZ8x/K+8V4zyVgkci6XNAm89zQFWEbmRVp4jazFfVY=";
+    hash = "sha256-P//4ZL4+2zcB5sWvujs2N0CHFz+EBLERWrPGLLHj6CY=";
   };
 
   build-system = [ setuptools ];