diff --git a/pkgs/top-level/python-packages.nix b/pkgs/top-level/python-packages.nix
index 57e9436263d..662291542ae 100644
--- a/pkgs/top-level/python-packages.nix
+++ b/pkgs/top-level/python-packages.nix
@@ -10327,12 +10327,12 @@ in modules // {
   };
 
   ipython = buildPythonPackage rec {
-    version = "4.0.3";
+    version = "4.1.2";
     name = "ipython-${version}";
 
     src = pkgs.fetchurl {
       url = "https://pypi.python.org/packages/source/i/ipython/${name}.tar.gz";
-      sha256 = "3a928f59e8ac8dd97858c28390867c87c09510f1f8bbe97e4e9c6b036eb84fc0";
+      sha256 = "14hnf3m087z39ndn5irj1ficc6l197bmdj6fpvz8bwi7la99cbq5";
     };
 
     prePatch = stdenv.lib.optionalString stdenv.isDarwin ''