diff --git a/protobuf_version.bzl b/protobuf_version.bzl
index 74d2b6b36c630..129fbd2bcb645 100644
--- a/protobuf_version.bzl
+++ b/protobuf_version.bzl
@@ -2,6 +2,6 @@
 PROTOC_VERSION = "31.0"
 PROTOBUF_JAVA_VERSION = "4.31.0"
 PROTOBUF_PYTHON_VERSION = "6.31.0"
-PROTOBUF_PHP_VERSION = "4.31.0.2"
+PROTOBUF_PHP_VERSION = "4.31.0.3"
 PROTOBUF_RUBY_VERSION = "4.31.0"
 PROTOBUF_RUST_VERSION = "4.31.0"