diff --git a/build.gradle b/build.gradle
index e20a6bc6c..9065bfc9b 100644
--- a/build.gradle
+++ b/build.gradle
@@ -34,7 +34,7 @@ buildscript {
         classpath 'com.palantir.gradle.gitversion:gradle-git-version:4.0.0'
         classpath 'com.palantir.gradle.idea-configuration:gradle-idea-configuration:0.5.0'
         classpath 'com.palantir.gradle.consistentversions:gradle-consistent-versions:2.36.0'
-        classpath 'me.champeau.gradle:jmh-gradle-plugin:0.5.3'
+        classpath 'me.champeau.jmh:jmh-gradle-plugin:0.7.3'
     }
 }
 
diff --git a/changelog/@unreleased/pr-1412.v2.yml b/changelog/@unreleased/pr-1412.v2.yml
new file mode 100644
index 000000000..6671e1c87
--- /dev/null
+++ b/changelog/@unreleased/pr-1412.v2.yml
@@ -0,0 +1,5 @@
+type: fix
+fix:
+  description: '`./gradlew jmh` works'
+  links:
+  - https://github.com/palantir/tracing-java/pull/1412
diff --git a/tracing-benchmarks/build.gradle b/tracing-benchmarks/build.gradle
index 3b4d21dae..c2c38936c 100644
--- a/tracing-benchmarks/build.gradle
+++ b/tracing-benchmarks/build.gradle
@@ -2,16 +2,21 @@
  * (c) Copyright 2018 Palantir Technologies Inc. All rights reserved.
  */
 
-apply plugin: 'me.champeau.gradle.jmh'
+apply plugin: 'me.champeau.jmh'
 
 jmh {
     // Use profilers to collect additional data. Supported profilers:
     // [cl, comp, gc, stack, perf, perfnorm, perfasm, xperf, xperfasm, hs_cl, hs_comp, hs_gc, hs_rt, hs_thr]
-    profilers = ['gc']
+    // profilers = ['gc']
+    warmupIterations = 10
+    warmup = '500ms'
+    iterations = 10
+    timeOnIteration = '750ms'
+    threads = 4
 }
 
 tasks.jmhCompileGeneratedClasses {
-    options.annotationProcessorPath = configurations.errorprone
+    options.annotationProcessorPath = configurations.jmhAnnotationProcessor
     options.errorprone.enabled = false
 }
 
diff --git a/versions.lock b/versions.lock
index d0bd4a93d..b7b442486 100644
--- a/versions.lock
+++ b/versions.lock
@@ -30,7 +30,7 @@ org.jboss.xnio:xnio-api:3.8.7.Final (2 constraints: 771a3146)
 org.jboss.xnio:xnio-nio:3.8.7.Final (1 constraints: c80dcb30)
 org.jetbrains:annotations:26.0.2 (2 constraints: 0221656e)
 org.jspecify:jspecify:1.0.0 (3 constraints: 9f1f57e1)
-org.openjdk.jmh:jmh-core:1.37 (5 constraints: 5047ece4)
+org.openjdk.jmh:jmh-core:1.37 (5 constraints: 52476be6)
 org.openjdk.jmh:jmh-generator-annprocess:1.37 (1 constraints: df04fc30)
 org.slf4j:slf4j-api:2.0.17 (8 constraints: 2875c85f)
 org.wildfly.client:wildfly-client-config:1.0.1.Final (1 constraints: 940c6308)
@@ -111,7 +111,7 @@ org.mockito:mockito-core:5.18.0 (2 constraints: 38148e87)
 org.mockito:mockito-junit-jupiter:5.18.0 (1 constraints: 4005593b)
 org.objenesis:objenesis:3.3 (1 constraints: b20a14bd)
 org.openjdk.jmh:jmh-generator-asm:1.37 (1 constraints: 2c107598)
-org.openjdk.jmh:jmh-generator-bytecode:1.37 (1 constraints: dc04f830)
+org.openjdk.jmh:jmh-generator-bytecode:1.37 (1 constraints: de04fb30)
 org.openjdk.jmh:jmh-generator-reflection:1.37 (2 constraints: 491e3064)
 org.opentest4j:opentest4j:1.3.0 (2 constraints: cf209249)
 org.ow2.asm:asm:9.0 (2 constraints: 641531ca)