diff --git a/releases.yaml b/releases.yaml
index 3819476..3b7b52f 100644
--- a/releases.yaml
+++ b/releases.yaml
@@ -79,7 +79,7 @@ templates:
   argocd: &argocd
     name: argocd
     chart: argo/argo-cd
-    version: 5.20.2
+    version: 5.23.3
     inherit:
       - template: default-env-values
       - template: default-env-secrets