diff --git a/pkgs/development/python-modules/labelbox/default.nix b/pkgs/development/python-modules/labelbox/default.nix
index 2c9d723afd2c..d9ecab3a9771 100644
--- a/pkgs/development/python-modules/labelbox/default.nix
+++ b/pkgs/development/python-modules/labelbox/default.nix
@@ -29,14 +29,14 @@
 }:
 
 let
-  version = "7.1.1";
+  version = "7.2.0";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "Labelbox";
     repo = "labelbox-python";
     tag = "v${version}";
-    hash = "sha256-zlcyvouvemHhbD1UcYbbbkmCkTVwarSTF9mCi0I/ZzY=";
+    hash = "sha256-2of/yiw+wBHc0BFLKFdWV4Xm1Dcs4SsT8DkpmruaLT0=";
   };
 
   lbox-clients = buildPythonPackage {