diff --git a/Cargo.lock b/Cargo.lock
index 4e1876bf1d24..bdf0e8e4756c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2217,9 +2217,9 @@ dependencies = [
 
 [[package]]
 name = "libm"
-version = "0.2.15"
+version = "0.2.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f9fbbcab51052fe104eb5e5d351cf728d30a5be1fe14d9be8a3b097481fb97de"
+checksum = "b6d2cec3eae94f9f509c767b45932f1ada8350c4bdb85af2fcab4a3c14807981"
 
 [[package]]
 name = "libtest-mimic"
diff --git a/Cargo.toml b/Cargo.toml
index c37eeae36e4a..07500dcf48fb 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -419,7 +419,7 @@ rustc-hash = { version = "2.1.1", default-features = false }
 libtest-mimic = "0.8.1"
 semver = { version = "1.0.27", default-features = false }
 ittapi = "0.4.0"
-libm = "0.2.15"
+libm = "0.2.16"
 tokio-rustls = "0.25.0"
 rustls = "0.22.0"
 tokio-native-tls = "0.3.1"
diff --git a/cranelift/codegen/src/ir/immediates.rs b/cranelift/codegen/src/ir/immediates.rs
index f53b2180de37..563e5e42cde7 100644
--- a/cranelift/codegen/src/ir/immediates.rs
+++ b/cranelift/codegen/src/ir/immediates.rs
@@ -704,25 +704,7 @@ macro_rules! ieee_float {
                 /// Returns the nearest integer to `self`. Rounds half-way cases to the number
                 /// with an even least significant digit.
                 pub fn round_ties_even(self) -> Self {
-                    // TODO: when libm v0.2.16 is published line below can be used instead
-                    // Self::with_float(Libm::<$float_ty>::roundeven(self.$as_float()))
-                    return Self::with_float(self.$as_float().roundeven());
-
-                    trait Roundeven {
-                        fn roundeven(self) -> Self;
-                    }
-
-                    impl Roundeven for f32 {
-                        fn roundeven(self) -> Self {
-                            libm::roundevenf(self)
-                        }
-                    }
-
-                    impl Roundeven for f64 {
-                        fn roundeven(self) -> Self {
-                            libm::roundeven(self)
-                        }
-                    }
+                    Self::with_float(Libm::<$float_ty>::roundeven(self.$as_float()))
                 }
             )?
         }
diff --git a/supply-chain/imports.lock b/supply-chain/imports.lock
index 4e6b1384689e..4fe72b84c7d4 100644
--- a/supply-chain/imports.lock
+++ b/supply-chain/imports.lock
@@ -778,8 +778,8 @@ user-id = 55123
 user-login = "rust-lang-owner"
 
 [[publisher.libm]]
-version = "0.2.15"
-when = "2025-05-06"
+version = "0.2.16"
+when = "2026-01-24"
 user-id = 55123
 user-login = "rust-lang-owner"