diff --git a/subprojects/freetype2.wrap b/subprojects/freetype2.wrap
index 4a131cf45270..c3b26ed24625 100644
--- a/subprojects/freetype2.wrap
+++ b/subprojects/freetype2.wrap
@@ -2,11 +2,11 @@
 # the `LOCAL_FREETYPE_VERSION` value in `lib/matplotlib/__init__.py`. Bump the cache key
 # in `.circleci/config.yml` when changing requirements.
 [wrap-file]
-directory = freetype-2.14.1
-source_url = https://download.savannah.gnu.org/releases/freetype/freetype-2.14.1.tar.xz
-source_fallback_url = https://downloads.sourceforge.net/project/freetype/freetype2/2.14.1/freetype-2.14.1.tar.xz
-source_filename = freetype-2.14.1.tar.xz
-source_hash = 32427e8c471ac095853212a37aef816c60b42052d4d9e48230bab3bdf2936ccc
+directory = freetype-2.14.3
+source_url = https://download.savannah.nongnu.org/releases/freetype/freetype-2.14.3.tar.xz
+source_fallback_url = https://downloads.sourceforge.net/project/freetype/freetype2/2.14.3/freetype-2.14.3.tar.xz
+source_filename = freetype-2.14.3.tar.xz
+source_hash = 36bc4f1cc413335368ee656c42afca65c5a3987e8768cc28cf11ba775e785a5f
 
 # This patch allows using our bundled HarfBuzz.
 diff_files = freetype-2.14.1-static-harfbuzz.patch