diff --git a/README.md b/README.md
index 5bcad04d5..6cea0f20f 100644
--- a/README.md
+++ b/README.md
@@ -170,4 +170,4 @@ Check out our resources for additional guidance too before opening an issue:
 
 This library is licensed under the [Apache 2.0 License](./documents/LICENSE).
 
-Latest released version: v1.41.0
+Latest released version: v1.42.0
diff --git a/VERSION b/VERSION
index 7d47e5998..a50908ca3 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.41.0
+1.42.0