diff --git a/tools/perf/requirements.txt b/tools/perf/requirements.txt
index 08a732b658..881241e24d 100644
--- a/tools/perf/requirements.txt
+++ b/tools/perf/requirements.txt
@@ -2,7 +2,7 @@ numpy
 argparse
 pyyaml
 onnx
-transformers==4.36.0
+transformers==4.38.0
 diffusers==0.21.4
 pandas==2.0.1
 timm==0.9.8