diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4d4fa5fbd..7d86617e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,28 @@
 # Changelog
 
+## [1.149.0](https://github.com/googleapis/java-pubsub/compare/v1.148.0...v1.149.0) (2026-02-26)
+
+
+### Features
+
+* Add client library debug logging  ([c4e10b9](https://github.com/googleapis/java-pubsub/commit/c4e10b95880d0db61b62e89c58d269c755d9e11e))
+
+
+### Bug Fixes
+
+* **deps:** Update the Java code generator (gapic-generator-java) to 2.67.0 ([c85f4ea](https://github.com/googleapis/java-pubsub/commit/c85f4eaaf2b28e7c0c544d5a4a92a197112e7723))
+* Do not use directExecutor() for the publish callback when ordering is enabled ([#2693](https://github.com/googleapis/java-pubsub/issues/2693)) ([c7ecd2b](https://github.com/googleapis/java-pubsub/commit/c7ecd2b5aac2719ca55a93d6bd5b9afc9aeb5a9c))
+
+
+### Dependencies
+
+* Update dependency com.google.cloud:google-cloud-bigquery to v2.59.0 ([#2690](https://github.com/googleapis/java-pubsub/issues/2690)) ([bed9464](https://github.com/googleapis/java-pubsub/commit/bed94648ceede888a244d21082b7e403fbae0aaa))
+* Update dependency com.google.cloud:google-cloud-core to v2.65.0 ([#2681](https://github.com/googleapis/java-pubsub/issues/2681)) ([e291b0d](https://github.com/googleapis/java-pubsub/commit/e291b0d98d576f0beceb49af002fc501ad31683f))
+* Update dependency com.google.cloud:google-cloud-storage to v2.63.0 ([#2676](https://github.com/googleapis/java-pubsub/issues/2676)) ([2a1ebea](https://github.com/googleapis/java-pubsub/commit/2a1ebea9d101cc650e1276e30063f87193eb1f6e))
+* Update dependency com.google.cloud:sdk-platform-java-config to v3.57.0 ([#2696](https://github.com/googleapis/java-pubsub/issues/2696)) ([dd02393](https://github.com/googleapis/java-pubsub/commit/dd02393c586de6cfe7d91d9579a490533876c7f1))
+* Update dependency com.google.protobuf:protobuf-java-util to v4.33.5 ([#2678](https://github.com/googleapis/java-pubsub/issues/2678)) ([70b781c](https://github.com/googleapis/java-pubsub/commit/70b781c51dc82de76ff1417c1c0ab4b012cb7cc0))
+* Update googleapis/sdk-platform-java action to v2.67.0 ([#2683](https://github.com/googleapis/java-pubsub/issues/2683)) ([9d5fa5b](https://github.com/googleapis/java-pubsub/commit/9d5fa5b04c633879567b2025bc045ef2e6b48b59))
+
 ## [1.148.0](https://github.com/googleapis/java-pubsub/compare/v1.147.0...v1.148.0) (2026-02-11)
 
 
diff --git a/README.md b/README.md
index 2339aa3d7..3756b7602 100644
--- a/README.md
+++ b/README.md
@@ -58,13 +58,13 @@ implementation 'com.google.cloud:google-cloud-pubsub'
 If you are using Gradle without BOM, add this to your dependencies:
 
 ```Groovy
-implementation 'com.google.cloud:google-cloud-pubsub:1.148.0'
+implementation 'com.google.cloud:google-cloud-pubsub:1.149.0'
 ```
 
 If you are using SBT, add this to your dependencies:
 
 ```Scala
-libraryDependencies += "com.google.cloud" % "google-cloud-pubsub" % "1.148.0"
+libraryDependencies += "com.google.cloud" % "google-cloud-pubsub" % "1.149.0"
 ```
 
 ## Authentication
@@ -401,7 +401,7 @@ Java is a registered trademark of Oracle and/or its affiliates.
 [javadocs]: https://cloud.google.com/java/docs/reference/google-cloud-pubsub/latest/history
 [stability-image]: https://img.shields.io/badge/stability-stable-green
 [maven-version-image]: https://img.shields.io/maven-central/v/com.google.cloud/google-cloud-pubsub.svg
-[maven-version-link]: https://central.sonatype.com/artifact/com.google.cloud/google-cloud-pubsub/1.148.0
+[maven-version-link]: https://central.sonatype.com/artifact/com.google.cloud/google-cloud-pubsub/1.149.0
 [authentication]: https://github.com/googleapis/google-cloud-java#authentication
 [auth-scopes]: https://developers.google.com/identity/protocols/oauth2/scopes
 [predefined-iam-roles]: https://cloud.google.com/iam/docs/understanding-roles#predefined_roles
diff --git a/google-cloud-pubsub-bom/pom.xml b/google-cloud-pubsub-bom/pom.xml
index fc5b77f23..1b9fae9f0 100644
--- a/google-cloud-pubsub-bom/pom.xml
+++ b/google-cloud-pubsub-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsub-bom</artifactId>
-  <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+  <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -52,17 +52,17 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-pubsub</artifactId>
-        <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+        <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-pubsub-v1</artifactId>
-        <version>1.130.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
+        <version>1.131.0</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-pubsub-v1</artifactId>
-        <version>1.130.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
+        <version>1.131.0</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-pubsub/pom.xml b/google-cloud-pubsub/pom.xml
index 188f542af..d6b1e963b 100644
--- a/google-cloud-pubsub/pom.xml
+++ b/google-cloud-pubsub/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsub</artifactId>
-  <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+  <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud Pub/Sub</name>
   <url>https://github.com/googleapis/java-pubsub</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsub-parent</artifactId>
-    <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+    <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-pubsub</site.installationModule>
diff --git a/grpc-google-cloud-pubsub-v1/pom.xml b/grpc-google-cloud-pubsub-v1/pom.xml
index 962a25751..f9e5777ee 100644
--- a/grpc-google-cloud-pubsub-v1/pom.xml
+++ b/grpc-google-cloud-pubsub-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-pubsub-v1</artifactId>
-  <version>1.130.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
+  <version>1.131.0</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
   <name>grpc-google-cloud-pubsub-v1</name>
   <description>GRPC library for grpc-google-cloud-pubsub-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsub-parent</artifactId>
-    <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+    <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 484406659..6929c5e65 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-pubsub-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+  <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   <name>Google Cloud Pub/Sub Parent</name>
   <url>https://github.com/googleapis/java-pubsub</url>
   <description>
@@ -69,17 +69,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-pubsub-v1</artifactId>
-        <version>1.130.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
+        <version>1.131.0</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-pubsub-v1</artifactId>
-        <version>1.130.1-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
+        <version>1.131.0</version><!-- {x-version-update:grpc-google-cloud-pubsub-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-pubsub</artifactId>
-        <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+        <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
       </dependency>
 
       <!-- Test dependencies -->
diff --git a/proto-google-cloud-pubsub-v1/pom.xml b/proto-google-cloud-pubsub-v1/pom.xml
index 7814e2d2f..ecbb177ae 100644
--- a/proto-google-cloud-pubsub-v1/pom.xml
+++ b/proto-google-cloud-pubsub-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-pubsub-v1</artifactId>
-  <version>1.130.1-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
+  <version>1.131.0</version><!-- {x-version-update:proto-google-cloud-pubsub-v1:current} -->
   <name>proto-google-cloud-pubsub-v1</name>
   <description>PROTO library for proto-google-cloud-pubsub-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-pubsub-parent</artifactId>
-    <version>1.148.1-SNAPSHOT</version><!-- {x-version-update:google-cloud-pubsub:current} -->
+    <version>1.149.0</version><!-- {x-version-update:google-cloud-pubsub:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index 08e9e6fdf..b5fd7b23a 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -43,7 +43,7 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-pubsub</artifactId>
-      <version>1.148.1-SNAPSHOT</version>
+      <version>1.149.0</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
diff --git a/versions.txt b/versions.txt
index efe90b7fb..69040dab2 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,6 +1,6 @@
 # Format:
 # module:released-version:current-version
 
-google-cloud-pubsub:1.148.0:1.148.1-SNAPSHOT
-grpc-google-cloud-pubsub-v1:1.130.0:1.130.1-SNAPSHOT
-proto-google-cloud-pubsub-v1:1.130.0:1.130.1-SNAPSHOT
+google-cloud-pubsub:1.149.0:1.149.0
+grpc-google-cloud-pubsub-v1:1.131.0:1.131.0
+proto-google-cloud-pubsub-v1:1.131.0:1.131.0