diff --git a/modin/pandas/__init__.py b/modin/pandas/__init__.py
index 7d5ea1fc084..6c5d785a554 100644
--- a/modin/pandas/__init__.py
+++ b/modin/pandas/__init__.py
@@ -1,6 +1,6 @@
 import pandas
 
-__pandas_version__ = "0.25.2"
+__pandas_version__ = "0.25.3"
 
 if pandas.__version__ != __pandas_version__:
     raise ImportError(
diff --git a/requirements.txt b/requirements.txt
index 5a61dc33e99..4f61fc91d85 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,4 +1,4 @@
-pandas==0.25.2
+pandas==0.25.3
 numpy
 dask[complete]>=2.1.0
 distributed>=2.3.2
diff --git a/setup.py b/setup.py
index 62a2675dea3..c07a7e23a55 100644
--- a/setup.py
+++ b/setup.py
@@ -18,7 +18,7 @@
     url="https://github.com/modin-project/modin",
     long_description=long_description,
     long_description_content_type="text/markdown",
-    install_requires=["pandas==0.25.2"],
+    install_requires=["pandas==0.25.3"],
     extras_require={
         # can be installed by pip install modin[dask]
         "dask": dask_deps,