There are many ways, you can compile by yourself, but not good in production env.

Here is option from iuscommunity.org

We are committed to providing up-to-date and regularly maintained RPM packages for the latest upstream versions of PHP, Python, MySQL and other common software specifically for Red Hat Enterprise Linux and clones.

Ref: http://iuscommunity.org/Docs/ClientUsageGuide

Try at your own risk. 🙂