diff --git a/pkgs/development/python-modules/boto3/default.nix b/pkgs/development/python-modules/boto3/default.nix
index 8af7b6b04c5..2814e6ffb64 100644
--- a/pkgs/development/python-modules/boto3/default.nix
+++ b/pkgs/development/python-modules/boto3/default.nix
@@ -13,11 +13,11 @@
 
 buildPythonPackage rec {
   pname =  "boto3";
-  version = "1.16.37"; # N.B: if you change this, change botocore too
+  version = "1.16.38"; # N.B: if you change this, change botocore too
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "01d4mk1q37dc5l5jmsxm7fijmhq7678ka1bd4p8a8yj57mmw51pf";
+    sha256 = "1xxvpf0q8xiz1cr5q1m4pdpzbhjriw3j6afi5dwvrrq9sh3x7pqx";
   };
 
   propagatedBuildInputs = [ botocore jmespath s3transfer ] ++ lib.optionals (!isPy3k) [ futures ];