diff --git a/docs/requirements.txt b/docs/requirements.txt
index f0b67ce..f19d722 100644
--- a/docs/requirements.txt
+++ b/docs/requirements.txt
@@ -79,7 +79,7 @@ pandas==2.3.2
     # via statsmodels
 patsy==1.0.1
     # via statsmodels
-pillow==12.2.0
+pillow==12.3.0
     # via
     #   matplotlib
     #   sphinx-gallery
diff --git a/requirements.txt b/requirements.txt
index 2711c2d..b939fb7 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -38,7 +38,7 @@ pandas==2.2.3
     # via statsmodels
 patsy==0.5.6
     # via statsmodels
-pillow==11.0.0
+pillow==12.3.0
     # via matplotlib
 pyparsing==3.2.0
     # via matplotlib