diff --git a/graphics/libwebp/Makefile b/graphics/libwebp/Makefile
index e935b3b3326..57dc17bf963 100755
--- a/graphics/libwebp/Makefile
+++ b/graphics/libwebp/Makefile
@@ -2,14 +2,14 @@ COMMENT=	Google WebP image format conversion tool
 
 GH_ACCOUNT=	webmproject
 GH_PROJECT=	libwebp
-GH_TAGNAME=	v1.3.2
+GH_TAGNAME=	v1.4.0
 CATEGORIES=	graphics
 
-SHARED_LIBS +=  sharpyuv             0.0      # 0.0
+SHARED_LIBS +=  sharpyuv             0.1      # 0.0
 SHARED_LIBS +=  webp                 4.3      # 6.0
 SHARED_LIBS +=  webpdecoder          2.1      # 2.0
 SHARED_LIBS +=  webpdemux            2.0      # 2.0
-SHARED_LIBS +=  webpmux              2.0      # 2.0
+SHARED_LIBS +=  webpmux              2.1      # 2.0
 
 HOMEPAGE=	https://developers.google.com/speed/webp/
 
diff --git a/graphics/libwebp/distinfo b/graphics/libwebp/distinfo
index 2dd8c6446cc..a0967ea75de 100644
--- a/graphics/libwebp/distinfo
+++ b/graphics/libwebp/distinfo
@@ -1,2 +1,2 @@
-SHA256 (libwebp-1.3.2.tar.gz) = wsL1IfpGjjxZSatpjC2kEPXc4cXpn1rZ5w4OhEa4ZQU=
-SIZE (libwebp-1.3.2.tar.gz) = 3685345
+SHA256 (libwebp-1.4.0.tar.gz) = Eq9QxFUw8KKS05qI2VJjfkP7LUqxiDxErnKYQPcnM4E=
+SIZE (libwebp-1.4.0.tar.gz) = 3800514