diff --git a/Cargo.lock b/Cargo.lock
index 75da58e2f6..fdbd22e57d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1282,7 +1282,7 @@ checksum = "5b89e2a641a3f74c2e7366eb050282ac4a6194b63dae5294084215c457237e47"
 dependencies = [
  "libc",
  "procfs",
- "prometheus-client",
+ "prometheus-client 0.23.1",
  "tracing",
 ]
 
@@ -1292,7 +1292,7 @@ version = "0.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "639670482534c37eb44caf6f4b72cc5da2f2c06aed39d1fb0cba940569428212"
 dependencies = [
- "prometheus-client",
+ "prometheus-client 0.23.1",
  "tokio",
  "tokio-metrics",
  "tracing",
@@ -1441,7 +1441,7 @@ dependencies = [
  "linkerd-transport-header",
  "linkerd-transport-metrics",
  "pin-project",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "semver",
  "thiserror",
  "tokio",
@@ -1586,7 +1586,7 @@ dependencies = [
  "once_cell",
  "parking_lot",
  "pin-project",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "thiserror",
  "tokio",
  "tokio-rustls",
@@ -1647,7 +1647,7 @@ dependencies = [
  "hickory-resolver",
  "linkerd-dns-name",
  "linkerd-error",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "thiserror",
  "tokio",
  "tracing",
@@ -1781,7 +1781,7 @@ dependencies = [
  "linkerd-io",
  "linkerd-stack",
  "linkerd-tracing",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "thiserror",
  "tokio",
  "tokio-test",
@@ -1847,7 +1847,7 @@ dependencies = [
  "linkerd-mock-http-body",
  "linkerd-stack",
  "pin-project",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "thiserror",
  "tokio",
  "tonic",
@@ -1956,7 +1956,7 @@ dependencies = [
  "linkerd-dns-name",
  "linkerd-error",
  "linkerd-metrics",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "thiserror",
  "tracing",
  "url",
@@ -2036,7 +2036,7 @@ dependencies = [
  "linkerd-http-box",
  "linkerd-stack",
  "parking_lot",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "quickcheck",
  "tokio",
  "tracing",
@@ -2115,7 +2115,7 @@ dependencies = [
  "linkerd-stack",
  "linkerd-tracing",
  "parking_lot",
- "prometheus-client",
+ "prometheus-client 0.24.0",
  "quickcheck",
  "rand 0.9.2",
  "tokio",
@@ -2168,7 +2168,7 @@ name = "linkerd-proxy-balance-gauge-endpoints"
 version = "0.1.0"
 dependencies = [
  "linkerd-stack",
- "prometheus-client",
+ "prometheus-client 0.24.0",
 ]
 
 [[package]]
@@ -3171,7 +3171,19 @@ dependencies = [
  "dtoa",
  "itoa",
  "parking_lot",
- "prometheus-client-derive-encode",
+ "prometheus-client-derive-encode 0.4.2",
+]
+
+[[package]]
+name = "prometheus-client"
+version = "0.24.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e4500adecd7af8e0e9f4dbce15cfee07ce913fbf6ad605cc468b83f2d531ee94"
+dependencies = [
+ "dtoa",
+ "itoa",
+ "parking_lot",
+ "prometheus-client-derive-encode 0.5.0",
 ]
 
 [[package]]
@@ -3185,6 +3197,17 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "prometheus-client-derive-encode"
+version = "0.5.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9adf1691c04c0a5ff46ff8f262b58beb07b0dbb61f96f9f54f6cbd82106ed87f"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "proptest"
 version = "1.9.0"
diff --git a/Cargo.toml b/Cargo.toml
index df0c3d562d..37863abcc9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -106,7 +106,7 @@ h2 = { version = "0.4" }
 http = { version = "1" }
 http-body = { version = "1" }
 hyper = { version = "1", default-features = false }
-prometheus-client = { version = "0.23" }
+prometheus-client = { version = "0.24" }
 prost = { version = "0.14" }
 prost-build = { version = "0.14", default-features = false }
 prost-types = { version = "0.14" }