diff --git a/pkgs/development/python-modules/param/default.nix b/pkgs/development/python-modules/param/default.nix
index 6338c46399de..66d3ba22418e 100644
--- a/pkgs/development/python-modules/param/default.nix
+++ b/pkgs/development/python-modules/param/default.nix
@@ -7,7 +7,7 @@
 
 buildPythonPackage rec {
   pname = "param";
-  version = "1.12.3";
+  version = "1.13.0";
   format = "setuptools";
 
   disabled = pythonOlder "3.7";
@@ -16,7 +16,7 @@ buildPythonPackage rec {
     owner = "holoviz";
     repo = pname;
     rev = "refs/tags/v${version}";
-    hash = "sha256-XVHYx0M/BLjNNneObxygPHtid65ti7nctKsUMF21fmw=";
+    hash = "sha256-5b3UTzb7OXBwcyYyDVCGLUpWxNOYZ3cv8Gfw+x7jsBI=";
   };
 
   nativeCheckInputs = [