diff --git a/externals/vcpkg b/externals/vcpkg
index ca846b2127..120deac306 160000
--- a/externals/vcpkg
+++ b/externals/vcpkg
@@ -1 +1 @@
-Subproject commit ca846b21276c9a3171074ac8d2b4f6516894a7d0
+Subproject commit 120deac3062162151622ca4860575a33844ba10b
diff --git a/vcpkg.json b/vcpkg.json
index b2636fc5ec..6b9de3605e 100644
--- a/vcpkg.json
+++ b/vcpkg.json
@@ -1,7 +1,7 @@
 {
     "$schema": "https://raw.githubusercontent.com/microsoft/vcpkg-tool/main/docs/vcpkg.schema.json",
     "name": "yuzu",
-    "builtin-baseline": "ca846b21276c9a3171074ac8d2b4f6516894a7d0",
+    "builtin-baseline": "120deac3062162151622ca4860575a33844ba10b",
     "version": "1.0",
     "dependencies": [
         "boost-algorithm",
@@ -59,7 +59,7 @@
         },
         {
             "name": "fmt",
-            "version": "11.0.2"
+            "version": "11.2.0"
         }
     ]
 }