diff --git a/README.md b/README.md
index 32217b43c..d22a0ff09 100644
--- a/README.md
+++ b/README.md
@@ -31,27 +31,27 @@ If you are using Maven, add this to your pom.xml file
 <dependency>
   <groupId>com.google.api</groupId>
   <artifactId>gax</artifactId>
-  <version>1.47.1</version>
+  <version>1.48.0</version>
 </dependency>
 <dependency>
   <groupId>com.google.api</groupId>
   <artifactId>gax-grpc</artifactId>
-  <version>1.47.1</version>
+  <version>1.48.0</version>
 </dependency>
 ```
 
 If you are using Gradle, add this to your dependencies
 
 ```Groovy
-compile 'com.google.api:gax:1.47.1',
-  'com.google.api:gax-grpc:1.47.1'
+compile 'com.google.api:gax:1.48.0',
+  'com.google.api:gax-grpc:1.48.0'
 ```
 
 If you are using SBT, add this to your dependencies
 
 ```Scala
-libraryDependencies += "com.google.api" % "gax" % "1.47.1"
-libraryDependencies += "com.google.api" % "gax-grpc" % "1.47.1"
+libraryDependencies += "com.google.api" % "gax" % "1.48.0"
+libraryDependencies += "com.google.api" % "gax-grpc" % "1.48.0"
 ```
 [//]: # ({x-version-update-end})
 
diff --git a/benchmark/build.gradle b/benchmark/build.gradle
index 7656054b2..14d179c5b 100644
--- a/benchmark/build.gradle
+++ b/benchmark/build.gradle
@@ -1,4 +1,4 @@
-project.version = "0.49.2-SNAPSHOT" // {x-version-update:benchmark:current}
+project.version = "0.50.0" // {x-version-update:benchmark:current}
 
 buildscript {
     repositories {
diff --git a/build.gradle b/build.gradle
index ea7ebdf3c..1dd0871b1 100644
--- a/build.gradle
+++ b/build.gradle
@@ -24,7 +24,7 @@ apply plugin: 'com.github.sherter.google-java-format'
 apply plugin: 'io.codearte.nexus-staging'
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "1.47.2-SNAPSHOT" // {x-version-update:gax:current}
+project.version = "1.48.0" // {x-version-update:gax:current}
 
 ext {
   // Project names not used for release
diff --git a/dependencies.properties b/dependencies.properties
index 1ca00b9a9..d378d7e64 100644
--- a/dependencies.properties
+++ b/dependencies.properties
@@ -8,16 +8,16 @@
 
 # Versions of oneself
 # {x-version-update-start:gax:current}
-version.gax=1.47.2-SNAPSHOT
+version.gax=1.48.0
 # {x-version-update-end}
 # {x-version-update-start:gax:current}
-version.gax_grpc=1.47.2-SNAPSHOT
+version.gax_grpc=1.48.0
 # {x-version-update-end}
 # {x-version-update-start:gax:current}
-version.gax_bom=1.47.2-SNAPSHOT
+version.gax_bom=1.48.0
 # {x-version-update-end}
 # {x-version-update-start:gax-httpjson:current}
-version.gax_httpjson=0.64.2-SNAPSHOT
+version.gax_httpjson=0.65.0
 # {x-version-update-end}
 
 # Versions for dependencies which actual artifacts differ between Bazel and Gradle.
diff --git a/gax-bom/build.gradle b/gax-bom/build.gradle
index 4cc41990c..bff1d1c87 100644
--- a/gax-bom/build.gradle
+++ b/gax-bom/build.gradle
@@ -12,7 +12,7 @@ buildscript {
 
 archivesBaseName = "gax-bom"
 
-project.version = "1.47.2-SNAPSHOT" // {x-version-update:gax-bom:current}
+project.version = "1.48.0" // {x-version-update:gax-bom:current}
 
 ext {
   mavenJavaDir = "$project.buildDir/publications/mavenJava"
diff --git a/gax-bom/pom.xml b/gax-bom/pom.xml
index 86673242c..2c0dd1528 100644
--- a/gax-bom/pom.xml
+++ b/gax-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api</groupId>
   <artifactId>gax-bom</artifactId>
-  <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax-bom:current} -->
+  <version>1.48.0</version><!-- {x-version-update:gax-bom:current} -->
   <packaging>pom</packaging>
   <name>GAX (Google Api eXtensions) for Java</name>
   <description>Google Api eXtensions for Java</description>
@@ -33,34 +33,34 @@
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax</artifactId>
-        <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+        <version>1.48.0</version><!-- {x-version-update:gax:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax</artifactId>
-        <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+        <version>1.48.0</version><!-- {x-version-update:gax:current} -->
 	<classifier>testlib</classifier>
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-grpc</artifactId>
-        <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax-grpc:current} -->
+        <version>1.48.0</version><!-- {x-version-update:gax-grpc:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-grpc</artifactId>
-        <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax-grpc:current} -->
+        <version>1.48.0</version><!-- {x-version-update:gax-grpc:current} -->
 	<classifier>testlib</classifier>
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-httpjson</artifactId>
-        <version>0.64.2-SNAPSHOT</version><!-- {x-version-update:gax-httpjson:current} -->
+        <version>0.65.0</version><!-- {x-version-update:gax-httpjson:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api</groupId>
         <artifactId>gax-httpjson</artifactId>
-        <version>0.64.2-SNAPSHOT</version><!-- {x-version-update:gax-httpjson:current} -->
+        <version>0.65.0</version><!-- {x-version-update:gax-httpjson:current} -->
 	<classifier>testlib</classifier>
       </dependency>
     </dependencies>
diff --git a/gax-grpc/build.gradle b/gax-grpc/build.gradle
index ca22bc0a5..ba2e6b33c 100644
--- a/gax-grpc/build.gradle
+++ b/gax-grpc/build.gradle
@@ -1,7 +1,7 @@
 archivesBaseName = "gax-grpc"
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "1.47.2-SNAPSHOT" // {x-version-update:gax-grpc:current}
+project.version = "1.48.0" // {x-version-update:gax-grpc:current}
 
 dependencies {
   compile project(':gax'),
diff --git a/gax-httpjson/build.gradle b/gax-httpjson/build.gradle
index d4cdca45b..ad1672751 100644
--- a/gax-httpjson/build.gradle
+++ b/gax-httpjson/build.gradle
@@ -1,7 +1,7 @@
 archivesBaseName = "gax-httpjson"
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "0.64.2-SNAPSHOT" // {x-version-update:gax-httpjson:current}
+project.version = "0.65.0" // {x-version-update:gax-httpjson:current}
 
 dependencies {
   compile project(':gax'),
diff --git a/gax/build.gradle b/gax/build.gradle
index 00de5ee16..f4444ef45 100644
--- a/gax/build.gradle
+++ b/gax/build.gradle
@@ -1,7 +1,7 @@
 archivesBaseName = "gax"
 
 // TODO: Populate this from dependencies.properties version property (for proper Gradle-Bazel sync)
-project.version = "1.47.2-SNAPSHOT" // {x-version-update:gax:current}
+project.version = "1.48.0" // {x-version-update:gax:current}
 
 dependencies {
   compile libraries['maven.com_google_guava_guava'],
diff --git a/samples/pom.xml b/samples/pom.xml
index 4e9993c1f..66edf7555 100644
--- a/samples/pom.xml
+++ b/samples/pom.xml
@@ -14,13 +14,13 @@
       <groupId>com.google.api</groupId>
       <artifactId>gax</artifactId>
       <!-- WARNING this is automatically populated by a build script, don't update manually -->
-      <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax:current} -->
+      <version>1.48.0</version><!-- {x-version-update:gax:current} -->
     </dependency>
     <dependency>
       <groupId>com.google.api</groupId>
       <artifactId>gax-grpc</artifactId>
       <!-- WARNING this is automatically populated by a build script, don't update manually -->
-      <version>1.47.2-SNAPSHOT</version><!-- {x-version-update:gax-grpc:current} -->
+      <version>1.48.0</version><!-- {x-version-update:gax-grpc:current} -->
     </dependency>
     <dependency>
       <groupId>com.google.auto.value</groupId>
diff --git a/versions.txt b/versions.txt
index db55298e4..c33d2ebe8 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,8 +1,8 @@
 # Format:
 # module:released-version:current-version
 
-gax:1.47.1:1.47.2-SNAPSHOT
-gax-bom:1.47.1:1.47.2-SNAPSHOT
-gax-grpc:1.47.1:1.47.2-SNAPSHOT
-gax-httpjson:0.64.1:0.64.2-SNAPSHOT
-benchmark:0.49.1:0.49.2-SNAPSHOT
+gax:1.48.0:1.48.0
+gax-bom:1.48.0:1.48.0
+gax-grpc:1.48.0:1.48.0
+gax-httpjson:0.65.0:0.65.0
+benchmark:0.50.0:0.50.0