diff --git a/pkgs/development/python-modules/ipython/default.nix b/pkgs/development/python-modules/ipython/default.nix
index 10bc1ecf2f87..67d47d58d168 100644
--- a/pkgs/development/python-modules/ipython/default.nix
+++ b/pkgs/development/python-modules/ipython/default.nix
@@ -21,12 +21,12 @@
 
 buildPythonPackage rec {
   pname = "ipython";
-  version = "7.2.0";
+  version = "7.5.0";
   disabled = pythonOlder "3.5";
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "6a9496209b76463f1dec126ab928919aaf1f55b38beb9219af3fe202f6bbdd12";
+    sha256 = "e840810029224b56cd0d9e7719dc3b39cf84d577f8ac686547c8ba7a06eeab26";
   };
 
   prePatch = lib.optionalString stdenv.isDarwin ''