diff --git a/benchmarks/algorithms.h b/benchmarks/algorithms.h
index 64801a4..6c219ae 100644
--- a/benchmarks/algorithms.h
+++ b/benchmarks/algorithms.h
@@ -17,6 +17,9 @@
 #include <gdtoa.h>  // Netlib
 #endif
 
+#include <fmt/format.h>
+#include <fmt/compile.h>
+#include <array>
 #include <span>
 
 #include <fmt/format.h>
@@ -286,7 +289,9 @@ int to_string(T d, std::span<char>& buffer) {
 
 template<arithmetic_float T>
 int fmt_format(T d, std::span<char>& buffer) {
-  const auto it = fmt::format_to(buffer.data(), "{}", d);
+  // FMT_COMPILE is a macro provided by the {fmt} library that tells the library to fully process
+  // a format string at compile time rather than at runtime.
+  const auto it = fmt::format_to(buffer.data(), FMT_COMPILE("{}"), d);
   return std::distance(buffer.data(), it);
 }
 
@@ -520,27 +525,29 @@ int snprintf(T d, std::span<char>& buffer) {
 
 template<arithmetic_float T>
 int fmt_format(T d, std::span<char>& buffer) {
+  // FMT_COMPILE is a macro provided by the {fmt} library that tells the library to fully process
+  // a format string at compile time rather than at runtime.
   switch(BenchArgs<T>::fixedSize) {
-    case 0: return fmt::format_to(buffer.data(), "{}", d) - buffer.data();
-    case 1: return fmt::format_to(buffer.data(), "{:.1g}", d) - buffer.data();
-    case 2: return fmt::format_to(buffer.data(), "{:.2g}", d) - buffer.data();
-    case 3: return fmt::format_to(buffer.data(), "{:.3g}", d) - buffer.data();
-    case 4: return fmt::format_to(buffer.data(), "{:.4g}", d) - buffer.data();
-    case 5: return fmt::format_to(buffer.data(), "{:.5g}", d) - buffer.data();
-    case 6: return fmt::format_to(buffer.data(), "{:.6g}", d) - buffer.data();
-    case 7: return fmt::format_to(buffer.data(), "{:.7g}", d) - buffer.data();
-    case 8: return fmt::format_to(buffer.data(), "{:.8g}", d) - buffer.data();
-    case 9: return fmt::format_to(buffer.data(), "{:.9g}", d) - buffer.data();
-    case 10: return fmt::format_to(buffer.data(), "{:.10g}", d) - buffer.data();
-    case 11: return fmt::format_to(buffer.data(), "{:.11g}", d) - buffer.data();
-    case 12: return fmt::format_to(buffer.data(), "{:.12g}", d) - buffer.data();
-    case 13: return fmt::format_to(buffer.data(), "{:.13g}", d) - buffer.data();
-    case 14: return fmt::format_to(buffer.data(), "{:.14g}", d) - buffer.data();
-    case 15: return fmt::format_to(buffer.data(), "{:.15g}", d) - buffer.data();
-    case 16: return fmt::format_to(buffer.data(), "{:.16g}", d) - buffer.data();
-    case 17: return fmt::format_to(buffer.data(), "{:.17g}", d) - buffer.data();
+    case 0: return fmt::format_to(buffer.data(), FMT_COMPILE("{}"), d) - buffer.data();
+    case 1: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.1}"), d) - buffer.data();
+    case 2: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.2}"), d) - buffer.data();
+    case 3: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.3}"), d) - buffer.data();
+    case 4: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.4}"), d) - buffer.data();
+    case 5: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.5}"), d) - buffer.data();
+    case 6: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.6}"), d) - buffer.data();
+    case 7: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.7}"), d) - buffer.data();
+    case 8: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.8}"), d) - buffer.data();
+    case 9: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.9}"), d) - buffer.data();
+    case 10: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.10}"), d) - buffer.data();
+    case 11: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.11}"), d) - buffer.data();
+    case 12: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.12}"), d) - buffer.data();
+    case 13: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.13}"), d) - buffer.data();
+    case 14: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.14}"), d) - buffer.data();
+    case 15: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.15}"), d) - buffer.data();
+    case 16: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.16}"), d) - buffer.data();
+    case 17: return fmt::format_to(buffer.data(), FMT_COMPILE("{:.17}"), d) - buffer.data();
     default:
-      return fmt::format_to(buffer.data(), "{:.17g}", d) - buffer.data();
+      return fmt::format_to(buffer.data(), FMT_COMPILE("{:.17}"), d) - buffer.data();
   }
 }
 
@@ -607,13 +614,13 @@ std::vector<BenchArgs<T>> initArgs(bool use_errol = false, size_t repeat = 0, si
     args.emplace_back("dragon4"           , wrap(s::dragon4<T>)           , true                                           , 10);
     args.emplace_back("netlib"            , wrap(s::netlib<T>)            , NETLIB_SUPPORTED && std::is_same_v<T, double>  , 10);
     args.emplace_back("errol3"            , wrap(s::errol3<T>)            , ERROL_SUPPORTED && use_errol);
-    args.emplace_back("fmt_format"        , wrap(s::fmt_format<T>)        , true);
+    args.emplace_back("fmt_format 12.1.0" , wrap(s::fmt_format<T>)        , true);
     // args.emplace_back("grisu2"            , wrap(s::grisu2<T>)            , std::is_same_v<T, double>);
     args.emplace_back("grisu3"            , wrap(s::grisu3<T>)            , std::is_same_v<T, double>);
     args.emplace_back("grisu_exact"       , wrap(s::grisu_exact<T>)       , true);
     args.emplace_back("schubfach"         , wrap(s::schubfach<T>)         , true);
     args.emplace_back("dragonboxlm"       , wrap(s::dragonboxlm<T>)       , true);
-    args.emplace_back("dragonbox"         , wrap(s::dragonbox<T>)         , true);
+    args.emplace_back("dragonbox 1.1.3"   , wrap(s::dragonbox<T>)         , true);
     args.emplace_back("ryu"               , wrap(s::ryu<T>)               , true);
     args.emplace_back("teju_jagua"        , wrap(s::teju_jagua<T>)        , true);
     args.emplace_back("double_conversion" , wrap(s::double_conversion<T>) , true);
@@ -632,7 +639,7 @@ std::vector<BenchArgs<T>> initArgs(bool use_errol = false, size_t repeat = 0, si
     args.emplace_back("netlib"            , wrap(f::netlib<T>)            , NETLIB_SUPPORTED     , 10);
     args.emplace_back("abseil"            , wrap(f::abseil<T>)            , ABSEIL_SUPPORTED);
     args.emplace_back("snprintf"          , wrap(f::snprintf<T>)          , true);
-    args.emplace_back("fmt_format"        , wrap(f::fmt_format<T>)        , true);
+    args.emplace_back("fmt_format 12.1.0" , wrap(f::fmt_format<T>)        , true);
     args.emplace_back("ryu"               , wrap(f::ryu<T>)               , std::is_same_v<T, double>);
     args.emplace_back("double_conversion" , wrap(f::double_conversion<T>) , true);
     args.emplace_back("std::to_chars"     , wrap(f::std_to_chars<T>)      , TO_CHARS_SUPPORTED);
diff --git a/dependencies/CMakeLists.txt b/dependencies/CMakeLists.txt
index 72c9c9b..01df512 100644
--- a/dependencies/CMakeLists.txt
+++ b/dependencies/CMakeLists.txt
@@ -167,7 +167,7 @@ target_include_directories(dragon_schubfach_lib PUBLIC
     ${drachennest_SOURCE_DIR}/src
 )
 
-CPMAddPackage("gh:fmtlib/fmt#11.1.4")
+CPMAddPackage("gh:fmtlib/fmt#12.1.0")
 CPMAddPackage(
   GITHUB_REPOSITORY jarro2783/cxxopts
   VERSION 3.2.0