diff --git a/docs/conf.py b/docs/conf.py
index c7eab31d2..b52a58af9 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -25,7 +25,7 @@
 # The short X.Y version
 version = ''
 # The full version, including alpha/beta/rc tags
-release = '0.18.0'
+release = '0.18.1'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/qiskit_ibm_runtime/VERSION.txt b/qiskit_ibm_runtime/VERSION.txt
index 66333910a..249afd517 100644
--- a/qiskit_ibm_runtime/VERSION.txt
+++ b/qiskit_ibm_runtime/VERSION.txt
@@ -1 +1 @@
-0.18.0
+0.18.1