diff --git a/spring-boot-project/spring-boot-dependencies/build.gradle b/spring-boot-project/spring-boot-dependencies/build.gradle
index 0061e5d7b37..73d7162cf93 100644
--- a/spring-boot-project/spring-boot-dependencies/build.gradle
+++ b/spring-boot-project/spring-boot-dependencies/build.gradle
@@ -104,7 +104,7 @@ bom {
 				.formatted(version.major(), version.minor()))
 		}
 	}
-	library("Zipkin Reporter", "3.4.3") {
+	library("Zipkin Reporter", "3.5.0") {
 		group("io.zipkin.reporter2") {
 			imports = [
 				"zipkin-reporter-bom"