diff --git a/flink-python/dev/dev-requirements.txt b/flink-python/dev/dev-requirements.txt
index f36142c0fb24c..9cc1035f026a9 100755
--- a/flink-python/dev/dev-requirements.txt
+++ b/flink-python/dev/dev-requirements.txt
@@ -15,7 +15,7 @@
 pip>=20.3
 setuptools>=18.0
 wheel
-apache-beam==2.43.0
+apache-beam==2.47.0
 cython==0.29.24
 py4j==0.10.9.7
 python-dateutil>=2.8.0,<3
diff --git a/flink-python/pyproject.toml b/flink-python/pyproject.toml
index cc48df40c8036..7ba0a49503c41 100644
--- a/flink-python/pyproject.toml
+++ b/flink-python/pyproject.toml
@@ -21,7 +21,7 @@ requires = [
     "packaging==20.5; platform_machine=='arm64'",  # macos M1
     "setuptools>=18.0",
     "wheel",
-    "apache-beam==2.43.0",
+    "apache-beam==2.47.0",
     "cython==0.29.24"
 ]
 
diff --git a/flink-python/setup.py b/flink-python/setup.py
index 893127d232ed4..a9c885c7cffdf 100644
--- a/flink-python/setup.py
+++ b/flink-python/setup.py
@@ -305,7 +305,7 @@ def extracted_output_files(base_dir, file_path, output_directory):
         'pyflink.examples': ['*.py', '*/*.py'],
         'pyflink.bin': ['*']}
 
-    install_requires = ['py4j==0.10.9.7', 'python-dateutil>=2.8.0,<3', 'apache-beam==2.43.0',
+    install_requires = ['py4j==0.10.9.7', 'python-dateutil>=2.8.0,<3', 'apache-beam==2.47.0',
                         'cloudpickle==2.2.0', 'avro-python3>=1.8.1,!=1.9.2,<1.10.0',
                         'pytz>=2018.3', 'fastavro>=1.1.0,<1.4.8', 'requests>=2.26.0',
                         'protobuf>=3.19.0,<=3.21',