The Swiss central defender signed from Arsenal in 2010, while his new deal will keep him at Craven Cottage until the summer of 2014.
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“I’m delighted to extend my stay with the club by a further year,” Philippe told Fulham’s official website. “I’ve thoroughly enjoyed my time at Fulham so far and I love playing for this club.
“I’m relishing playing first-team football and I’m confident that we can continue our recent good form and end the season strongly. A top-10 finish is certainly achievable.”
Senderos has become the second player in as many weeks to sign a new deal with the club after Damien Duff did the same last weekend.
Cottagers boss Martin Jol has also recently stated that he remains hopeful of persuading defender Brede Hangelaand to also extend his current contract.