diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 316bfe657e..40e12a0b7e 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-    ".": "1.40.0"
+    ".": "1.41.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 98643cb1fb..2d52f78c16 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,18 @@
 All notable changes to this project will be documented in this file.
 
 
+## [1.41.0](https://github.com/microsoftgraph/msgraph-sdk-python/compare/v1.40.0...v1.41.0) (2025-08-05)
+
+
+### Features
+
+* **generation:** update request builders and models ([c2d45c8](https://github.com/microsoftgraph/msgraph-sdk-python/commit/c2d45c848133aa3cdb5d9e93bafef50a064b6524))
+
+
+### Bug Fixes
+
+* Update license field to use proper SPDX identifier ([aab1c9e](https://github.com/microsoftgraph/msgraph-sdk-python/commit/aab1c9e4e7da347c867480bbc510a5723761e8fa))
+
 ## [1.40.0](https://github.com/microsoftgraph/msgraph-sdk-python/compare/v1.39.0...v1.40.0) (2025-07-30)
 
 
diff --git a/msgraph/_version.py b/msgraph/_version.py
index 523667e6ab..6520499fce 100644
--- a/msgraph/_version.py
+++ b/msgraph/_version.py
@@ -1,4 +1,4 @@
 # The SDK version
 # x-release-please-start-version
-VERSION: str = '1.40.0'
+VERSION: str = '1.41.0'
 # x-release-please-end
diff --git a/pyproject.toml b/pyproject.toml
index af07c255b5..e329e33015 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,7 +6,7 @@ build-backend = "flit_core.buildapi"
 name = "msgraph-sdk"
 # The SDK version
 # x-release-please-start-version
-version = "1.40.0"
+version = "1.41.0"
 # x-release-please-end
 authors = [{name = "Microsoft", email = "graphtooling+python@microsoft.com"}]
 description = "The Microsoft Graph Python SDK"