diff --git a/CHANGES.md b/CHANGES.md
index 3053724c9d..f63eabb58a 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,10 @@
+# Synapse 1.127.0 (2025-03-25)
+
+No significant changes since 1.127.0rc1.
+
+
+
+
 # Synapse 1.127.0rc1 (2025-03-18)
 
 ### Features
diff --git a/debian/changelog b/debian/changelog
index 3d77fe8e92..b5318f42eb 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,9 +1,15 @@
-matrix-synapse-py3 (1.127.0~rc1+nmu1) UNRELEASED; urgency=medium
+matrix-synapse-py3 (1.128.0~rc1+nmu1) UNRELEASED; urgency=medium
 
   * Update Poetry to 2.1.1.
 
  -- Synapse Packaging team <packages@matrix.org>  Wed, 19 Mar 2025 17:38:49 +0000
 
+matrix-synapse-py3 (1.127.0) stable; urgency=medium
+
+  * New Synapse release 1.127.0.
+
+ -- Synapse Packaging team <packages@matrix.org>  Tue, 25 Mar 2025 12:04:15 +0000
+
 matrix-synapse-py3 (1.127.0~rc1) stable; urgency=medium
 
   * New Synapse release 1.127.0rc1.
diff --git a/pyproject.toml b/pyproject.toml
index bc0f526390..6a29362919 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -97,7 +97,7 @@ module-name = "synapse.synapse_rust"
 
 [tool.poetry]
 name = "matrix-synapse"
-version = "1.127.0rc1"
+version = "1.127.0"
 description = "Homeserver for the Matrix decentralised comms protocol"
 authors = ["Matrix.org Team and Contributors <packages@matrix.org>"]
 license = "AGPL-3.0-or-later"