diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index cd46d2b8de6a7..b7cb1e59574a1 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.50.39
+current_version = 0.50.40
 commit = False
 tag = False
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(\-[a-z]+)?
diff --git a/docs/operator-guides/upgrading-airbyte.md b/docs/operator-guides/upgrading-airbyte.md
index 761e3692044dc..4b87ad39554b2 100644
--- a/docs/operator-guides/upgrading-airbyte.md
+++ b/docs/operator-guides/upgrading-airbyte.md
@@ -128,7 +128,7 @@ If you are upgrading from (i.e. your current version of Airbyte is) Airbyte vers
    Here's an example of what it might look like with the values filled in. It assumes that the downloaded `airbyte_archive.tar.gz` is in `/tmp`.
 
    ```bash
-   docker run --rm -v /tmp:/config airbyte/migration:0.50.39 --\
+   docker run --rm -v /tmp:/config airbyte/migration:0.50.40 --\
    --input /config/airbyte_archive.tar.gz\
    --output /config/airbyte_archive_migrated.tar.gz
    ```
diff --git a/gradle.properties b/gradle.properties
index 3aaf08b251147..4d217ae30cfab 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,4 +1,4 @@
-VERSION=0.50.39
+VERSION=0.50.40
 
 # NOTE: some of these values are overwritten in CI!
 # NOTE: if you want to override this for your local machine, set overrides in ~/.gradle/gradle.properties
diff --git a/run-ab-platform.sh b/run-ab-platform.sh
index f12b3ab4b6079..ae120562c2f41 100755
--- a/run-ab-platform.sh
+++ b/run-ab-platform.sh
@@ -1,6 +1,6 @@
 #!/bin/bash
 
-VERSION=0.50.39
+VERSION=0.50.40
 # Run away from anything even a little scary
 set -o nounset # -u exit if a variable is not set
 set -o errexit # -f exit for any command failure"