diff --git a/pkgs/development/python-modules/sqlalchemy/default.nix b/pkgs/development/python-modules/sqlalchemy/default.nix
index 5c467e2f905b..25e5b0006619 100644
--- a/pkgs/development/python-modules/sqlalchemy/default.nix
+++ b/pkgs/development/python-modules/sqlalchemy/default.nix
@@ -13,11 +13,11 @@
 
 buildPythonPackage rec {
   pname = "SQLAlchemy";
-  version = "1.4.39";
+  version = "1.4.40";
 
   src = fetchPypi {
     inherit pname version;
-    hash = "sha256-gZSJYDh1O0awigsK6JpdgMiX+2Ad1R4kPtVyDx8VXSc=";
+    hash = "sha256-RKZgUGCAzJdeHfpXdv5fYxXdxiane1C/Du4YsDieomU=";
   };
 
   propagatedBuildInputs = [