diff --git a/java-shared-dependencies/first-party-dependencies/pom.xml b/java-shared-dependencies/first-party-dependencies/pom.xml
index a6d170c926fa..7fbe296ef259 100644
--- a/java-shared-dependencies/first-party-dependencies/pom.xml
+++ b/java-shared-dependencies/first-party-dependencies/pom.xml
@@ -55,7 +55,7 @@
   <properties>
     <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
     <site.installationModule>${project.artifactId}</site.installationModule>
-    <grpc.version>1.50.0</grpc.version>
+    <grpc.version>1.50.1</grpc.version>
     <gax.version>2.19.2</gax.version>
     <grpc-gcp.version>1.3.0</grpc-gcp.version>
     <gson.version>2.9.1</gson.version>