diff --git a/Cargo.lock b/Cargo.lock
index dca265b02ae84..fb772d074d00d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4431,9 +4431,9 @@ checksum = "e987b6bf443f4b5b3b6f38704195592cca41c5bb7aedd3c3693c7081f8289860"
 
 [[package]]
 name = "tracing"
-version = "0.1.23"
+version = "0.1.25"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f7d40a22fd029e33300d8d89a5cc8ffce18bb7c587662f54629e94c9de5487f3"
+checksum = "01ebdc2bb4498ab1ab5f5b73c5803825e60199229ccba0698170e3be0e7f959f"
 dependencies = [
  "cfg-if 1.0.0",
  "pin-project-lite",
@@ -4443,9 +4443,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-attributes"
-version = "0.1.12"
+version = "0.1.13"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "43f080ea7e4107844ef4766459426fa2d5c1ada2e47edba05dc7fa99d9629f47"
+checksum = "a8a9bd1db7706f2373a190b0d067146caa39350c486f3d455b0e33b431f94c07"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/src/materialized/Cargo.toml b/src/materialized/Cargo.toml
index 7a29c26b04cdd..9a86451a86612 100644
--- a/src/materialized/Cargo.toml
+++ b/src/materialized/Cargo.toml
@@ -79,7 +79,7 @@ tempfile = "3.2.0"
 timely = { git = "https://github.com/TimelyDataflow/timely-dataflow", default-features = false, features = ["bincode"] }
 tokio = { version = "1.2.0", features = ["sync"] }
 tokio-openssl = "0.6.1"
-tracing = "0.1.23"
+tracing = "0.1.25"
 # TODO(benesch): we can use the default features here once tracing-subscriber
 # does not enable chrono's "oldtime" feature.
 tracing-subscriber = { version = "0.2.7", default-features = false, features = ["ansi", "env-filter", "fmt", "tracing-log"] }
diff --git a/test/performance/s3-datagen/Cargo.toml b/test/performance/s3-datagen/Cargo.toml
index fe63ea26ebc85..cedda99cee056 100644
--- a/test/performance/s3-datagen/Cargo.toml
+++ b/test/performance/s3-datagen/Cargo.toml
@@ -17,5 +17,5 @@ rusoto_credential = { git = "https://github.com/rusoto/rusoto.git" }
 rusoto_s3 = { git = "https://github.com/rusoto/rusoto.git" }
 structopt = "0.3.21"
 tokio = { version = "1.2.0", features = ["macros", "net", "rt", "time"] }
-tracing = "0.1.23"
+tracing = "0.1.25"
 tracing-subscriber = { version = "0.2.7", default-features = false, features = ["env-filter", "fmt"] }