diff --git a/devel/py-coverage/Makefile b/devel/py-coverage/Makefile
index b430e52a598d..2f39eb832c96 100644
--- a/devel/py-coverage/Makefile
+++ b/devel/py-coverage/Makefile
@@ -1,29 +1,29 @@
 PORTNAME=	coverage
-PORTVERSION=	7.15.4
+PORTVERSION=	7.16.0
 CATEGORIES=	devel python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	lwhsu@FreeBSD.org
 COMMENT=	Code coverage measurement for Python
 WWW=		https://coverage.readthedocs.io/
 
 LICENSE=	BSD2CLAUSE
 
 BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}setuptools>=0:devel/py-setuptools@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}wheel>=0:devel/py-wheel@${PY_FLAVOR}
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}sqlite3>=0:databases/py-sqlite3@${PY_FLAVOR}
 
 USES=		python:3.10+
 USE_PYTHON=	autoplist concurrent pep517
 
 OPTIONS_DEFINE=	TOML
 OPTIONS_DEFAULT=TOML
 TOML_DESC=	Enable pyproject.toml support
 
 TOML_RUN_DEPENDS=	${PY_TOMLI}
 
 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 d9172b911d13..dd23bf95e69e 100644
--- a/devel/py-coverage/distinfo
+++ b/devel/py-coverage/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1787342044
-SHA256 (coverage-7.15.4.tar.gz) = 0548198fff07ccf4faf469520bce1c2eceb1ce3e62891921138dec10907f9d00
-SIZE (coverage-7.15.4.tar.gz) = 936952
+TIMESTAMP = 1788337257
+SHA256 (coverage-7.16.0.tar.gz) = 077f0964087883176ff6ab9b074694cae29f8c708273b13ca62c183c6ed716cd
+SIZE (coverage-7.16.0.tar.gz) = 945620