diff --git a/homeassistant/components/matter/manifest.json b/homeassistant/components/matter/manifest.json
index b8b384060d6..4173e129895 100644
--- a/homeassistant/components/matter/manifest.json
+++ b/homeassistant/components/matter/manifest.json
@@ -6,5 +6,5 @@
   "dependencies": ["websocket_api"],
   "documentation": "https://www.home-assistant.io/integrations/matter",
   "iot_class": "local_push",
-  "requirements": ["python-matter-server==5.3.1"]
+  "requirements": ["python-matter-server==5.4.0"]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 26fbc94e592..e377ad8434c 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2235,7 +2235,7 @@ python-kasa[speedups]==0.6.2
 # python-lirc==1.2.3
 
 # homeassistant.components.matter
-python-matter-server==5.3.1
+python-matter-server==5.4.0
 
 # homeassistant.components.xiaomi_miio
 python-miio==0.5.12
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 339e1bdfff2..955cac70ed0 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1705,7 +1705,7 @@ python-juicenet==1.1.0
 python-kasa[speedups]==0.6.2
 
 # homeassistant.components.matter
-python-matter-server==5.3.1
+python-matter-server==5.4.0
 
 # homeassistant.components.xiaomi_miio
 python-miio==0.5.12