diff --git a/cpp/thirdparty/versions.txt b/cpp/thirdparty/versions.txt
index 1d86e1c8d15..0e322382b32 100644
--- a/cpp/thirdparty/versions.txt
+++ b/cpp/thirdparty/versions.txt
@@ -39,7 +39,7 @@ ARROW_GLOG_BUILD_VERSION=v0.4.0
 ARROW_GRPC_BUILD_VERSION=v1.35.0
 ARROW_GTEST_BUILD_VERSION=1.10.0
 ARROW_JEMALLOC_BUILD_VERSION=5.2.1
-ARROW_LZ4_BUILD_VERSION=v1.9.3
+ARROW_LZ4_BUILD_VERSION=v1.9.4
 # mimalloc 1.6.7 didn't build on Visual Studio 2015
 # https://github.com/microsoft/mimalloc/issues/353
 ARROW_MIMALLOC_BUILD_VERSION=v1.6.4