diff --git a/CHANGELOG.md b/CHANGELOG.md
index 853f786b..593bae95 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,22 @@
 # Changelog
 
+### [2.7.1](https://www.github.com/googleapis/java-common-protos/compare/v2.7.0...v2.7.1) (2022-01-05)
+
+
+### Bug Fixes
+
+* **java:** add -ntp flag to native image testing command ([#1299](https://www.github.com/googleapis/java-common-protos/issues/1299)) ([#272](https://www.github.com/googleapis/java-common-protos/issues/272)) ([5683ab6](https://www.github.com/googleapis/java-common-protos/commit/5683ab6b0e59ec252fe1d812ddcf7d682ce55bff))
+* **java:** run Maven in plain console-friendly mode ([#1301](https://www.github.com/googleapis/java-common-protos/issues/1301)) ([#283](https://www.github.com/googleapis/java-common-protos/issues/283)) ([82343cc](https://www.github.com/googleapis/java-common-protos/commit/82343cc4aec4ee8b6ddee0b7febfc1e1aac94b4b))
+
+
+### Dependencies
+
+* update dependency com.google.protobuf:protobuf-bom to v3.19.2 ([#285](https://www.github.com/googleapis/java-common-protos/issues/285)) ([44bb642](https://www.github.com/googleapis/java-common-protos/commit/44bb6421b74ae78b00f890ec319269a891079c60))
+* update dependency com.google.protobuf:protobuf-java to v3.19.2 ([#286](https://www.github.com/googleapis/java-common-protos/issues/286)) ([b94f86e](https://www.github.com/googleapis/java-common-protos/commit/b94f86e75260fb00c932fc416fff9c2db6bdb4d3))
+* update dependency io.grpc:grpc-bom to v1.43.1 ([#276](https://www.github.com/googleapis/java-common-protos/issues/276)) ([381ec12](https://www.github.com/googleapis/java-common-protos/commit/381ec12454d2179cd46bf290727dce4aace293d6))
+* update dependency io.grpc:grpc-protobuf to v1.43.1 ([#277](https://www.github.com/googleapis/java-common-protos/issues/277)) ([c757b6e](https://www.github.com/googleapis/java-common-protos/commit/c757b6e38ff90e5a669155fcf4256ea2a0f88b00))
+* update dependency io.grpc:grpc-stub to v1.43.1 ([#278](https://www.github.com/googleapis/java-common-protos/issues/278)) ([702448d](https://www.github.com/googleapis/java-common-protos/commit/702448d6c9c5a592ebc96deb240d56a516c45e85))
+
 ## [2.7.0](https://www.github.com/googleapis/java-common-protos/compare/v2.6.0...v2.7.0) (2021-12-01)
 
 
diff --git a/grpc-google-common-protos/pom.xml b/grpc-google-common-protos/pom.xml
index 921fa5dc..a574bd09 100644
--- a/grpc-google-common-protos/pom.xml
+++ b/grpc-google-common-protos/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-common-protos</artifactId>
-  <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:proto-google-common-protos:current} -->
+  <version>2.7.1</version><!-- {x-version-update:proto-google-common-protos:current} -->
   <name>grpc-google-common-protos</name>
   <description>GRPC library for grpc-google-common-protos</description>
   <parent>
     <groupId>com.google.api.grpc</groupId>
     <artifactId>google-common-protos-parent</artifactId>
-    <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:proto-google-common-protos:current} -->
+    <version>2.7.1</version><!-- {x-version-update:proto-google-common-protos:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index a2ca63af..3a466d29 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.api.grpc</groupId>
   <artifactId>google-common-protos-parent</artifactId>
   <packaging>pom</packaging>
-  <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:proto-google-common-protos:current} -->
+  <version>2.7.1</version><!-- {x-version-update:proto-google-common-protos:current} -->
   <name>Google Common Protos Parent</name>
   <url>https://github.com/googleapis/java-iam</url>
   <description>
@@ -81,7 +81,7 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-common-protos</artifactId>
-        <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-common-protos:current} -->
+        <version>2.7.1</version><!-- {x-version-update:grpc-google-common-protos:current} -->
       </dependency>
       <dependency>
         <groupId>io.grpc</groupId>
@@ -93,7 +93,7 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-common-protos</artifactId>
-        <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:proto-google-common-protos:current} -->
+        <version>2.7.1</version><!-- {x-version-update:proto-google-common-protos:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.guava</groupId>
diff --git a/proto-google-common-protos/pom.xml b/proto-google-common-protos/pom.xml
index d164e8d5..cf851855 100644
--- a/proto-google-common-protos/pom.xml
+++ b/proto-google-common-protos/pom.xml
@@ -3,13 +3,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-common-protos</artifactId>
-  <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:proto-google-common-protos:current} -->
+  <version>2.7.1</version><!-- {x-version-update:proto-google-common-protos:current} -->
   <name>proto-google-common-protos</name>
   <description>PROTO library for proto-google-common-protos</description>
   <parent>
     <groupId>com.google.api.grpc</groupId>
     <artifactId>google-common-protos-parent</artifactId>
-    <version>2.7.1-SNAPSHOT</version><!-- {x-version-update:proto-google-common-protos:current} -->
+    <version>2.7.1</version><!-- {x-version-update:proto-google-common-protos:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index 8a99d6a8..9b735616 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,5 +1,5 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-common-protos:2.7.0:2.7.1-SNAPSHOT
-grpc-google-common-protos:2.7.0:2.7.1-SNAPSHOT
+proto-google-common-protos:2.7.1:2.7.1
+grpc-google-common-protos:2.7.1:2.7.1