diff --git a/bucket/dvc.json b/bucket/dvc.json
index 00619acb89..31074e1abf 100644
--- a/bucket/dvc.json
+++ b/bucket/dvc.json
@@ -2,9 +2,9 @@
     "homepage": "https://dvc.org/",
     "description": "Data & models versioning for ML projects, make them shareable and reproducible",
     "license": "Apache-2.0",
-    "version": "0.40.2",
-    "url": "https://github.com/iterative/dvc/releases/download/0.40.2/dvc-0.40.2.exe",
-    "hash": "da97fbecfad2f278c12b03a36eab56bf062c7cbbe0f2f768f81e94ed2f98aa46",
+    "version": "0.40.7",
+    "url": "https://github.com/iterative/dvc/releases/download/0.40.7/dvc-0.40.7.exe",
+    "hash": "d846df1a9de4f01ddefbe86908e20226e5eb897468cce171557fcddb8548c52d",
     "innosetup": true,
     "bin": "dvc.exe",
     "checkver": {