diff --git a/docker/images/pubsub-emulator/Dockerfile b/docker/images/pubsub-emulator/Dockerfile
index dfd9ed12e3..e3a54eaaa2 100644
--- a/docker/images/pubsub-emulator/Dockerfile
+++ b/docker/images/pubsub-emulator/Dockerfile
@@ -1,3 +1,3 @@
 # Define this image outside of docker-compose.yml so that it gets dependabot updates
-FROM gcr.io/google.com/cloudsdktool/google-cloud-cli:503.0.0-emulators@sha256:1c54e9909620e0e9e0a5ba5bb7b9d0327e0c43aaf37fb07f4070022f3ea39f47
+FROM gcr.io/google.com/cloudsdktool/google-cloud-cli:504.0.1-emulators@sha256:5a692467fb35964d6b292810293d6e5ef87e8d0950051667e878eb2fde11db5a
 # also available as google/cloud-sdk:<version>-emulators