diff --git a/Formula/s/svgo.rb b/Formula/s/svgo.rb
index 7d680be607499..711efaa15092d 100644
--- a/Formula/s/svgo.rb
+++ b/Formula/s/svgo.rb
@@ -3,12 +3,12 @@
 class Svgo < Formula
   desc "Nodejs-based tool for optimizing SVG vector graphics files"
   homepage "https://github.com/svg/svgo"
-  url "https://github.com/svg/svgo/archive/refs/tags/v3.0.2.tar.gz"
-  sha256 "fe0a790407c9055025607bf3d717d545f737f98ecb8af1cc21636020adc2c7e5"
+  url "https://github.com/svg/svgo/archive/refs/tags/v3.0.3.tar.gz"
+  sha256 "37e9ae561c80563eb08954c36a97793ed5022374508dd2bc38ed3e920be0aa80"
   license "MIT"
 
   bottle do
-    sha256 cellar: :any_skip_relocation, all: "684741c0ba97f3a8b5976b43eb874a8189742b48580d970ba80c3a10ee0dc863"
+    sha256 cellar: :any_skip_relocation, all: "46cd6cc634df3a6c2e0642565cf53440a6cab30a69818b74b848e813fffcb9ce"
   end
 
   depends_on "node"