diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 78536250bcc4..dc3b2a14cabb 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1029,7 +1029,7 @@
   "google-shopping-merchant-quota-v1beta+FILLER": "0.0.0",
   "google-shopping-merchant-reports": "0.4.2",
   "google-shopping-merchant-reports+FILLER": "0.0.0",
-  "google-shopping-merchant-reports-v1": "0.2.1",
+  "google-shopping-merchant-reports-v1": "0.3.0",
   "google-shopping-merchant-reports-v1+FILLER": "0.0.0",
   "google-shopping-merchant-reports-v1beta": "0.10.1",
   "google-shopping-merchant-reports-v1beta+FILLER": "0.0.0",
diff --git a/google-shopping-merchant-reports-v1/CHANGELOG.md b/google-shopping-merchant-reports-v1/CHANGELOG.md
index d02dc9850a3a..33c7053191af 100644
--- a/google-shopping-merchant-reports-v1/CHANGELOG.md
+++ b/google-shopping-merchant-reports-v1/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+### 0.3.0 (2026-03-18)
+
+#### Features
+
+* upgrade protobuf from v25.7 to v31.0 ([#32822](https://github.com/googleapis/google-cloud-ruby/issues/32822)) 
+
 ### 0.2.1 (2025-10-27)
 
 #### Documentation
diff --git a/google-shopping-merchant-reports-v1/lib/google/shopping/merchant/reports/v1/version.rb b/google-shopping-merchant-reports-v1/lib/google/shopping/merchant/reports/v1/version.rb
index 6100b66abae7..c215701af7d1 100644
--- a/google-shopping-merchant-reports-v1/lib/google/shopping/merchant/reports/v1/version.rb
+++ b/google-shopping-merchant-reports-v1/lib/google/shopping/merchant/reports/v1/version.rb
@@ -22,7 +22,7 @@ module Shopping
     module Merchant
       module Reports
         module V1
-          VERSION = "0.2.1"
+          VERSION = "0.3.0"
         end
       end
     end
diff --git a/google-shopping-merchant-reports-v1/snippets/snippet_metadata_google.shopping.merchant.reports.v1.json b/google-shopping-merchant-reports-v1/snippets/snippet_metadata_google.shopping.merchant.reports.v1.json
index a35b59bcff7b..62ceb7d7a3bc 100644
--- a/google-shopping-merchant-reports-v1/snippets/snippet_metadata_google.shopping.merchant.reports.v1.json
+++ b/google-shopping-merchant-reports-v1/snippets/snippet_metadata_google.shopping.merchant.reports.v1.json
@@ -1,7 +1,7 @@
 {
   "client_library": {
     "name": "google-shopping-merchant-reports-v1",
-    "version": "0.2.1",
+    "version": "0.3.0",
     "language": "RUBY",
     "apis": [
       {