diff --git a/cpp/thirdparty/versions.txt b/cpp/thirdparty/versions.txt
index ab988badec145..16689c17fba22 100644
--- a/cpp/thirdparty/versions.txt
+++ b/cpp/thirdparty/versions.txt
@@ -80,8 +80,8 @@ ARROW_GTEST_BUILD_VERSION=1.11.0
 ARROW_GTEST_BUILD_SHA256_CHECKSUM=b4870bf121ff7795ba20d20bcdd8627b8e088f2d1dab299a031c1034eddc93d5
 ARROW_JEMALLOC_BUILD_VERSION=5.3.0
 ARROW_JEMALLOC_BUILD_SHA256_CHECKSUM=2db82d1e7119df3e71b7640219b6dfe84789bc0537983c3b7ac4f7189aecfeaa
-ARROW_LZ4_BUILD_VERSION=v1.9.4
-ARROW_LZ4_BUILD_SHA256_CHECKSUM=0b0e3aa07c8c063ddf40b082bdf7e37a1562bda40a0ff5272957f3e987e0e54b
+ARROW_LZ4_BUILD_VERSION=v1.10.0
+ARROW_LZ4_BUILD_SHA256_CHECKSUM=537512904744b35e232912055ccf8ec66d768639ff3abe5788d90d792ec5f48b
 ARROW_MIMALLOC_BUILD_VERSION=v2.0.6
 ARROW_MIMALLOC_BUILD_SHA256_CHECKSUM=9f05c94cc2b017ed13698834ac2a3567b6339a8bde27640df5a1581d49d05ce5
 ARROW_NLOHMANN_JSON_BUILD_VERSION=v3.10.5