diff --git a/requirements.txt b/requirements.txt
index 9e53c0094..b64a2b08d 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -14,5 +14,5 @@ Django==5.1.2; python_version >= '3.10'
 -e .[redis,compatible-mypy,oracle]
 
 # Overrides:
-mypy==1.11.2
+mypy==1.12.0
 pyright==1.1.384
diff --git a/setup.py b/setup.py
index fe124aef0..2c486af97 100644
--- a/setup.py
+++ b/setup.py
@@ -32,7 +32,7 @@ def find_stub_files(name: str) -> List[str]:
 
 # Keep compatible-mypy major.minor version pinned to what we use in CI (requirements.txt)
 extras_require = {
-    "compatible-mypy": ["mypy~=1.11.0"],
+    "compatible-mypy": ["mypy>=1.11,<1.13"],
     "redis": ["redis"],
     "oracle": ["oracledb"],
 }