diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 8028c14b5..25b8f2e80 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,4 +1,4 @@
 {
-    ".": "2.30.0"
+    ".": "2.31.0"
 }
   
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7a9265758..c9daf8a3e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,18 @@
 [1]: https://pypi.org/project/google-cloud-pubsub/#history
 
 
+## [2.31.0](https://github.com/googleapis/python-pubsub/compare/v2.30.0...v2.31.0) (2025-06-26)
+
+
+### Features
+
+* Add MessageTransformationFailureReason to IngestionFailureEvent ([#1427](https://github.com/googleapis/python-pubsub/issues/1427)) ([8ab13e1](https://github.com/googleapis/python-pubsub/commit/8ab13e1b71c151f0146548e7224dd38c9d719a88))
+
+
+### Bug Fixes
+
+* Surface Fatal Stream Errors to Future; Adjust Retryable Error Codes ([#1422](https://github.com/googleapis/python-pubsub/issues/1422)) ([e081beb](https://github.com/googleapis/python-pubsub/commit/e081beb29056035304d365ec9c50fa7ffbac6886))
+
 ## [2.30.0](https://github.com/googleapis/python-pubsub/compare/v2.29.1...v2.30.0) (2025-06-07)
 
 
diff --git a/google/pubsub/gapic_version.py b/google/pubsub/gapic_version.py
index 5ebb3bec4..8ab09c42e 100644
--- a/google/pubsub/gapic_version.py
+++ b/google/pubsub/gapic_version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 #
-__version__ = "2.30.0"  # {x-release-please-version}
+__version__ = "2.31.0"  # {x-release-please-version}
diff --git a/google/pubsub_v1/gapic_version.py b/google/pubsub_v1/gapic_version.py
index 5ebb3bec4..8ab09c42e 100644
--- a/google/pubsub_v1/gapic_version.py
+++ b/google/pubsub_v1/gapic_version.py
@@ -13,4 +13,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 #
-__version__ = "2.30.0"  # {x-release-please-version}
+__version__ = "2.31.0"  # {x-release-please-version}
diff --git a/samples/generated_samples/snippet_metadata_google.pubsub.v1.json b/samples/generated_samples/snippet_metadata_google.pubsub.v1.json
index dd0d6423a..cb25ebf70 100644
--- a/samples/generated_samples/snippet_metadata_google.pubsub.v1.json
+++ b/samples/generated_samples/snippet_metadata_google.pubsub.v1.json
@@ -8,7 +8,7 @@
     ],
     "language": "PYTHON",
     "name": "google-cloud-pubsub",
-    "version": "0.1.0"
+    "version": "2.31.0"
   },
   "snippets": [
     {