diff --git a/gradle.properties b/gradle.properties
index 8a99090ff..1aa63a984 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -33,7 +33,7 @@ systemProp.org.gradle.internal.http.socketTimeout=120000
 
 GROUP=com.google.accompanist
 # !! No longer need to update this manually when using a Compose SNAPSHOT
-VERSION_NAME=0.27.1-SNAPSHOT
+VERSION_NAME=0.27.1
 
 POM_DESCRIPTION=Utilities for Jetpack Compose
 
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index d70757f7e..1bab724f3 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,6 +1,6 @@
 [versions]
 
-compose = "1.3.0"
+compose = "1.3.1"
 composeCompiler = "1.3.2"
 composesnapshot = "-" # a single character = no snapshot