diff --git a/java-shared-dependencies/pom.xml b/java-shared-dependencies/pom.xml
index b2e554387c..d91a0918f5 100644
--- a/java-shared-dependencies/pom.xml
+++ b/java-shared-dependencies/pom.xml
@@ -55,7 +55,7 @@
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
     <site.installationModule>${project.artifactId}</site.installationModule>
 
-    <grpc.version>1.38.0</grpc.version>
+    <grpc.version>1.38.1</grpc.version>
     <gax.version>1.65.1</gax.version>
     <guava.version>30.1.1-android</guava.version>
     <protobuf.version>3.17.3</protobuf.version>