diff --git a/gvsbuild/projects/libxml2.py b/gvsbuild/projects/libxml2.py
index 794a71d9b..b607f9b43 100644
--- a/gvsbuild/projects/libxml2.py
+++ b/gvsbuild/projects/libxml2.py
@@ -24,11 +24,11 @@ def __init__(self):
         Project.__init__(
             self,
             "libxml2",
-            version="2.12.5",
+            version="2.12.6",
             lastversion_even=True,
             repository="https://gitlab.gnome.org/GNOME/libxml2",
             archive_url="https://download.gnome.org/sources/libxml2/{major}.{minor}/libxml2-{version}.tar.xz",
-            hash="a972796696afd38073e0f59c283c3a2f5a560b5268b4babc391b286166526b21",
+            hash="889c593a881a3db5fdd96cc9318c87df34eb648edfc458272ad46fd607353fbb",
             dependencies=["win-iconv", "meson", "ninja"],
             patches=[],
         )