diff --git a/py/BUILD.bazel b/py/BUILD.bazel
index 89abaa9c19f44..621d8d5bffd15 100644
--- a/py/BUILD.bazel
+++ b/py/BUILD.bazel
@@ -62,7 +62,7 @@ compile_pip_requirements(
     ],
 )
 
-SE_VERSION = "4.27.0.dev202410301443"
+SE_VERSION = "4.26.1"
 
 BROWSER_VERSIONS = [
     "v85",
diff --git a/py/CHANGES b/py/CHANGES
index 3d1ab8eaa0efb..b7dabbf9d6b9b 100644
--- a/py/CHANGES
+++ b/py/CHANGES
@@ -1,3 +1,8 @@
+Selenium 4.26.1
+* DeprecationWarning raised in default webdriver init (#14690)
+* Remote connection use timeout from ClientConfig (#14692)
+* Add backward compatibility for AppiumConnection (#14696)
+
 Selenium 4.26.0
 * Add CDP for Chrome 130 and remove 127
 * Added more internal logging for CDP (#14668)
diff --git a/py/docs/source/conf.py b/py/docs/source/conf.py
index 131442f1b5f3c..1975da4428e7f 100644
--- a/py/docs/source/conf.py
+++ b/py/docs/source/conf.py
@@ -56,9 +56,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = '4.27'
+version = '4.26'
 # The full version, including alpha/beta/rc tags.
-release = '4.27.0.dev202410301443'
+release = '4.26.1'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/py/selenium/__init__.py b/py/selenium/__init__.py
index 860e3b4fb86d4..5b008544cfc9c 100644
--- a/py/selenium/__init__.py
+++ b/py/selenium/__init__.py
@@ -16,4 +16,4 @@
 # under the License.
 
 
-__version__ = "4.27.0.dev202410301443"
+__version__ = "4.26.1"
diff --git a/py/selenium/webdriver/__init__.py b/py/selenium/webdriver/__init__.py
index c45de6a75acaf..22cfc3ba7a28c 100644
--- a/py/selenium/webdriver/__init__.py
+++ b/py/selenium/webdriver/__init__.py
@@ -44,7 +44,7 @@
 from .wpewebkit.service import Service as WPEWebKitService  # noqa
 from .wpewebkit.webdriver import WebDriver as WPEWebKit  # noqa
 
-__version__ = "4.27.0.dev202410301443"
+__version__ = "4.26.1"
 
 # We need an explicit __all__ because the above won't otherwise be exported.
 __all__ = [
diff --git a/py/setup.py b/py/setup.py
index d25b031cddfc4..dd4449939f2c0 100755
--- a/py/setup.py
+++ b/py/setup.py
@@ -28,7 +28,7 @@
 setup_args = {
     'cmdclass': {'install': install},
     'name': 'selenium',
-    'version': "4.27.0.dev202410301443",
+    'version': "4.26.1",
     'license': 'Apache 2.0',
     'description': 'Official Python bindings for Selenium WebDriver.',
     'long_description': open(join(abspath(dirname(__file__)), "README.rst")).read(),