diff --git a/bin/README.md b/bin/README.md
index f561a46..6885d5e 100644
--- a/bin/README.md
+++ b/bin/README.md
@@ -10,9 +10,9 @@ This directory contains all of the binaries required to run the benchmarking tes
 | fio_x86 | 3.36 |  20-OCT-2023 | i686 | 32-bit | [82aa945](https://www.virustotal.com/gui/file/82aa94592e3498c8a84e6563e070d61a40f7ac385a846c752e6f22f941c10d20) |
 | fio_aarch64 | 3.36 | 20-OCT-2023 | ARM (aarch64) | 64-bit | [52d02cb](https://www.virustotal.com/gui/file/52d02cb20959ac488b2369a6fdaad421211619c309deb1d7a795279242a30b22) |
 | fio_arm | 3.36 | 20-OCT-2023 | ARM  | 32-bit | [b84c3de](https://www.virustotal.com/gui/file/b84c3de74eec4073b7770569937ddbcaef3dc5c33c0e03401694ff277494e745) |
-| iperf_x64 | 3.15 | 20-OCT-2023 | x86_64 | 64-bit | [d713ce4](https://www.virustotal.com/gui/file/d713ce4ecc83bfae34c822e7d725c9fdc3a32ea68633a25e11142202974c09a1) |
-| iperf_x86 | 3.15 |  20-OCT-2023 | i686 | 32-bit | [dd3d22b](https://www.virustotal.com/gui/file/dd3d22b5b83a8af74b3af1f6bb492bef890e6ebd363ad2f1584780429e4bb24d) |
-| iperf_aarch64 | 3.15 | 20-OCT-2023 | ARM (aarch64) | 64-bit | [d223f5f](https://www.virustotal.com/gui/file/d223f5fac4ce1c68b57ae9c12f038d593922a509786477ec18deb0bf52cce8bc) |
+| iperf_x64 | 3.16 | 08-DEC-2023 | x86_64 | 64-bit | [587ec9f](https://www.virustotal.com/gui/file/587ec9ff96ab7320d14c84be64c5c8d92e5145f68361b93d66cd612227c9c513) |
+| iperf_x86 | 3.16 |  08-DEC-2023 | i686 | 32-bit | [6ba0814](https://www.virustotal.com/gui/file/6ba08140e60ada3399935c2c3a998563fd2ab9936ac75f5b8e925b7ae20b5228) |
+| iperf_aarch64 | 3.16 | 08-DEC-2023 | ARM (aarch64) | 64-bit | [69a3760](https://www.virustotal.com/gui/file/69a3760f7cb2b6a2beaeff8349fa104d0b2669f2a2a2c999f8d1f55ccc8b4f16) |
 | iperf_arm | 3.15 | 20-OCT-2023 | ARM | 32-bit | [310e80f](https://www.virustotal.com/gui/file/310e80f442dda47fa0fe41225af85e8b91e75116dce5187f123380fd3c3c85a8) |
 
 Note: ARM compatibility is considered experimental. Static binaries for 32-bit and ARM-based machines are cross-compiled within a Holy Build Box container using the [musl toolchain](https://musl.cc/).
diff --git a/bin/compile.sh b/bin/compile.sh
index 257e6ff..41e89cb 100755
--- a/bin/compile.sh
+++ b/bin/compile.sh
@@ -48,7 +48,7 @@ cp fio "/io/fio_$ARCH"
 
 # download and compile iperf
 cd ~
-curl -L https://github.com/esnet/iperf/archive/3.15.tar.gz -o "iperf.tar.gz"
+curl -L https://github.com/esnet/iperf/archive/3.16.tar.gz -o "iperf.tar.gz"
 tar xf iperf.tar.gz
 cd iperf*
 ./configure --disable-shared --disable-profiling
diff --git a/bin/cross-compile.sh b/bin/cross-compile.sh
index d4cbcc9..7e4a99a 100755
--- a/bin/cross-compile.sh
+++ b/bin/cross-compile.sh
@@ -39,7 +39,7 @@ cp fio "/io/fio_$ARCH"
 
 # download and compile iperf
 cd ~
-curl -L https://github.com/esnet/iperf/archive/3.15.tar.gz -o "iperf.tar.gz"
+curl -L https://github.com/esnet/iperf/archive/3.16.tar.gz -o "iperf.tar.gz"
 tar xf iperf.tar.gz
 cd iperf*
 CC=/root/${CROSS}-cross/bin/${CROSS}-gcc ./configure --disable-shared --disable-profiling --build x86_64-pc-linux-gnu --host "${HOST}" --with-openssl=no --enable-static-bin
diff --git a/bin/iperf/iperf3_aarch64 b/bin/iperf/iperf3_aarch64
index 5119a41..8f6ac79 100755
Binary files a/bin/iperf/iperf3_aarch64 and b/bin/iperf/iperf3_aarch64 differ
diff --git a/bin/iperf/iperf3_x64 b/bin/iperf/iperf3_x64
index e2aa5ac..6693d8b 100755
Binary files a/bin/iperf/iperf3_x64 and b/bin/iperf/iperf3_x64 differ
diff --git a/bin/iperf/iperf3_x86 b/bin/iperf/iperf3_x86
index 70e22d8..f36e063 100755
Binary files a/bin/iperf/iperf3_x86 and b/bin/iperf/iperf3_x86 differ