diff --git a/quickfixj-codegenerator/pom.xml b/quickfixj-codegenerator/pom.xml
index ba3f798287..92b170442b 100644
--- a/quickfixj-codegenerator/pom.xml
+++ b/quickfixj-codegenerator/pom.xml
@@ -40,7 +40,7 @@
 		<dependency>
 		    <groupId>net.sf.saxon</groupId>
 		    <artifactId>Saxon-HE</artifactId>
-		    <version>11.4</version>
+		    <version>12.3</version>
 		</dependency>
 		<dependency>
 			<groupId>org.junit.vintage</groupId>