diff --git a/package/docker-compose/docker-compose.hash b/package/docker-compose/docker-compose.hash
index fce34772574d..afccafd994bc 100644
--- a/package/docker-compose/docker-compose.hash
+++ b/package/docker-compose/docker-compose.hash
@@ -1,3 +1,3 @@
 # Locally computed
-sha256  2051ea80097f3c9e74e3a8565609e704e76035fa9ba04183950d3431bd123ea5  docker-compose-2.20.0.tar.gz
+sha256  8a1109124e7dfef736ad3db0457d807eb41a0068211bd13e52051252cab28dda  docker-compose-2.23.0.tar.gz
 sha256  58d1e17ffe5109a7ae296caafcadfdbe6a7d176f0bc4ab01e12a689b0499d8bd  LICENSE
diff --git a/package/docker-compose/docker-compose.mk b/package/docker-compose/docker-compose.mk
index b2d3e99988e9..54557b984130 100644
--- a/package/docker-compose/docker-compose.mk
+++ b/package/docker-compose/docker-compose.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-DOCKER_COMPOSE_VERSION = 2.20.0
+DOCKER_COMPOSE_VERSION = 2.23.0
 DOCKER_COMPOSE_SITE = $(call github,docker,compose,v$(DOCKER_COMPOSE_VERSION))
 DOCKER_COMPOSE_LICENSE = Apache-2.0
 DOCKER_COMPOSE_LICENSE_FILES = LICENSE