diff --git a/devel/py-coverage/Makefile b/devel/py-coverage/Makefile
index 0ecfedf80412..722054d1efc6 100644
--- a/devel/py-coverage/Makefile
+++ b/devel/py-coverage/Makefile
@@ -1,27 +1,27 @@
 PORTNAME=	coverage
-PORTVERSION=	7.0.1
+PORTVERSION=	7.0.3
 CATEGORIES=	devel python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	lwhsu@FreeBSD.org
 COMMENT=	Code coverage measurement for Python
 WWW=		https://coverage.readthedocs.io/
 
 LICENSE=	BSD2CLAUSE
 
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}sqlite3>=0:databases/py-sqlite3@${PY_FLAVOR}
 
 USES=		python
 USE_PYTHON=	autoplist concurrent distutils
 
 OPTIONS_DEFINE=	TOML
 OPTIONS_DEFAULT=TOML
 TOML_DESC=	Enable pyproject.toml support
 
 TOML_RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}tomli>=0:textproc/py-tomli@${PY_FLAVOR}
 
 post-install:
 	${STRIP_CMD} ${STAGEDIR}${PYTHON_SITELIBDIR}/coverage/tracer*.so
 
 .include <bsd.port.mk>
diff --git a/devel/py-coverage/distinfo b/devel/py-coverage/distinfo
index c96873e3994f..bdce44138dea 100644
--- a/devel/py-coverage/distinfo
+++ b/devel/py-coverage/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1671974393
-SHA256 (coverage-7.0.1.tar.gz) = a4a574a19eeb67575a5328a5760bbbb737faa685616586a9f9da4281f940109c
-SIZE (coverage-7.0.1.tar.gz) = 781226
+TIMESTAMP = 1672812497
+SHA256 (coverage-7.0.3.tar.gz) = d5be4e93acce64f516bf4fd239c0e6118fc913c93fa1a3f52d15bdcc60d97b2d
+SIZE (coverage-7.0.3.tar.gz) = 790351