diff --git a/gnu/packages/python-xyz.scm b/gnu/packages/python-xyz.scm
index fd0f51120e..69c16411d8 100644
--- a/gnu/packages/python-xyz.scm
+++ b/gnu/packages/python-xyz.scm
@@ -4661,14 +4661,14 @@ (define-public python-doc8
 (define-public python-pygments
   (package
     (name "python-pygments")
-    (version "2.8.1")
+    (version "2.12.0")
     (source
      (origin
        (method url-fetch)
        (uri (pypi-uri "Pygments" version))
        (sha256
         (base32
-         "153zyxigm879sk2n71lfv03y2pgxb7dl0dlsbwkz9aydxnkf2mi6"))))
+         "1sr6iqh21xi6p8aba4wa9pqfhjbbpcvn9jcsx0ggy4lniw8idcay"))))
     (build-system python-build-system)
     (arguments
      ;; FIXME: Tests require sphinx, which depends on this.