diff --git a/textproc/py-parso/Makefile b/textproc/py-parso/Makefile
index c2319f4a6727..fe0b83c4b4dc 100644
--- a/textproc/py-parso/Makefile
+++ b/textproc/py-parso/Makefile
@@ -1,27 +1,27 @@
 # Created by: Richard Gallamore <ultima@FreeBSD.org>
 # $FreeBSD$
 
 PORTNAME=	parso
-DISTVERSION=	0.4.0
+DISTVERSION=	0.5.0
 CATEGORIES=	textproc python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	ultima@FreeBSD.org
 COMMENT=	Python Parser
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE.txt
 
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}pytest>=3.0.7:devel/py-pytest@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}pytest-cache>=0:devel/py-pytest-cache@${PY_FLAVOR}
 
 USES=		python
 USE_PYTHON=	autoplist distutils
 
 NO_ARCH=	yes
 
 do-test:
 		cd ${WRKSRC} && ${PYTHON_CMD} -m pytest test
 
 .include <bsd.port.mk>
diff --git a/textproc/py-parso/distinfo b/textproc/py-parso/distinfo
index 4e745ce2575f..a36e898483b5 100644
--- a/textproc/py-parso/distinfo
+++ b/textproc/py-parso/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1557086497
-SHA256 (parso-0.4.0.tar.gz) = 2e9574cb12e7112a87253e14e2c380ce312060269d04bd018478a3c92ea9a376
-SIZE (parso-0.4.0.tar.gz) = 388796
+TIMESTAMP = 1561228137
+SHA256 (parso-0.5.0.tar.gz) = db5881df1643bf3e66c097bfd8935cf03eae73f4cb61ae4433c9ea4fb6613446
+SIZE (parso-0.5.0.tar.gz) = 389820