diff --git a/WORKSPACE b/WORKSPACE
index b7c764a4869..ce8023f530d 100644
--- a/WORKSPACE
+++ b/WORKSPACE
@@ -96,6 +96,12 @@ load(
 
 swift_rules_dependencies()
 
+# This loads the libpfm transitive dependency.
+# See https://github.com/google/benchmark/pull/1520
+load("@com_github_google_benchmark//:bazel/benchmark_deps.bzl", "benchmark_deps")
+
+benchmark_deps()
+
 # TODO: Enable below once https://github.com/bazel-xcode/PodToBUILD/issues/232 is resolved
 #
 #http_archive(
diff --git a/bazel/grpc_deps.bzl b/bazel/grpc_deps.bzl
index 841102ed029..7b124cc170b 100644
--- a/bazel/grpc_deps.bzl
+++ b/bazel/grpc_deps.bzl
@@ -304,11 +304,11 @@ def grpc_deps():
     if "com_github_google_benchmark" not in native.existing_rules():
         http_archive(
             name = "com_github_google_benchmark",
-            sha256 = "3a43368d3ec48afe784573cf962fe98c084e89a1e3d176c00715a84366316e7d",
-            strip_prefix = "benchmark-361e8d1cfe0c6c36d30b39f1b61302ece5507320",
+            sha256 = "4e47ca279d5ae967c506c136bd8afb42eedcaf010aebb48a0e87790cae4b488a",
+            strip_prefix = "benchmark-015d1a091af6937488242b70121858bce8fd40e9",
             urls = [
-                "https://storage.googleapis.com/grpc-bazel-mirror/github.com/google/benchmark/archive/361e8d1cfe0c6c36d30b39f1b61302ece5507320.tar.gz",
-                "https://github.com/google/benchmark/archive/361e8d1cfe0c6c36d30b39f1b61302ece5507320.tar.gz",
+                # v1.8.2
+                "https://github.com/google/benchmark/archive/015d1a091af6937488242b70121858bce8fd40e9.tar.gz",
             ],
         )
 
diff --git a/grpc.gyp b/grpc.gyp
index 4571485bff2..57482cc048e 100644
--- a/grpc.gyp
+++ b/grpc.gyp
@@ -2319,7 +2319,6 @@
         'third_party/benchmark/src/json_reporter.cc',
         'third_party/benchmark/src/perf_counters.cc',
         'third_party/benchmark/src/reporter.cc',
-        'third_party/benchmark/src/sleep.cc',
         'third_party/benchmark/src/statistics.cc',
         'third_party/benchmark/src/string_util.cc',
         'third_party/benchmark/src/sysinfo.cc',
diff --git a/third_party/benchmark b/third_party/benchmark
index 361e8d1cfe0..015d1a091af 160000
--- a/third_party/benchmark
+++ b/third_party/benchmark
@@ -1 +1 @@
-Subproject commit 361e8d1cfe0c6c36d30b39f1b61302ece5507320
+Subproject commit 015d1a091af6937488242b70121858bce8fd40e9
diff --git a/tools/run_tests/sanity/check_submodules.sh b/tools/run_tests/sanity/check_submodules.sh
index ad3a809d22a..0332888f7e9 100755
--- a/tools/run_tests/sanity/check_submodules.sh
+++ b/tools/run_tests/sanity/check_submodules.sh
@@ -26,7 +26,7 @@ want_submodules=$(mktemp /tmp/submXXXXXX)
 git submodule | awk '{ print $2 " " $1 }' | sort >"$submodules"
 cat <<EOF | sort >"$want_submodules"
 third_party/abseil-cpp c2435f8342c2d0ed8101cb43adfd605fdc52dca2
-third_party/benchmark 361e8d1cfe0c6c36d30b39f1b61302ece5507320
+third_party/benchmark 015d1a091af6937488242b70121858bce8fd40e9
 third_party/bloaty 60209eb1ccc34d5deefb002d1b7f37545204f7f2
 third_party/boringssl-with-bazel 342e805bc1f5dfdd650e3f031686d6c939b095d9
 third_party/cares/cares 6360e96b5cf8e5980c887ce58ef727e53d77243a