diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7509e13d0a1d0..6d5bd560893fe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,7 +7,13 @@ breaking changes in the upcoming 4.x release. This release is scheduled for
 **NOTE**: Please refer to the [V3 Migration Guide](/doc/v3-migration-guide.md) 
 for details on updating existing applications using v1.x.y or v2.x.y.
 
-## v3.2.0 - TBD
+## v3.2.0 - 2026-02
+
+### [Cloud Key Management Service](/google/cloud/kms/README.md)
+
+- feat: Added DeleteCryptoKey and DeleteCryptoKeyVersion RPCs to permanently remove resources.
+- feat: Introduced the RetiredResource resource to track records of deleted keys and prevent the reuse of their resource names.
+- feat: Added ListRetiredResources and GetRetiredResource RPCs to manage and view these records.
 
 ## v3.1.0 - 2026-02
 
diff --git a/CMakeLists.txt b/CMakeLists.txt
index 5d57759524556..b5d973870536d 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -23,7 +23,7 @@ project(
     google-cloud-cpp
     VERSION 3.2.0
     LANGUAGES CXX)
-set(PROJECT_VERSION_PRE_RELEASE "rc")
+set(PROJECT_VERSION_PRE_RELEASE "")
 
 if (NOT "${PROJECT_VERSION_PRE_RELEASE}" STREQUAL "")
     set(PROJECT_VERSION "${PROJECT_VERSION}-${PROJECT_VERSION_PRE_RELEASE}")
diff --git a/MODULE.bazel b/MODULE.bazel
index 0398945a8197c..1f1fce4c464ac 100644
--- a/MODULE.bazel
+++ b/MODULE.bazel
@@ -16,7 +16,7 @@
 
 module(
     name = "google_cloud_cpp",
-    version = "3.2.0-rc",  # Updated by CMake
+    version = "3.2.0",  # Updated by CMake
     compatibility_level = 3,  # Updated by CMake
 )
 
diff --git a/google/cloud/internal/version_info.h b/google/cloud/internal/version_info.h
index 3ac3e045e0ca7..d205f3a1bf3db 100644
--- a/google/cloud/internal/version_info.h
+++ b/google/cloud/internal/version_info.h
@@ -21,6 +21,6 @@
 #define GOOGLE_CLOUD_CPP_VERSION_MINOR 2
 // NOLINTNEXTLINE(modernize-macro-to-enum)
 #define GOOGLE_CLOUD_CPP_VERSION_PATCH 0
-#define GOOGLE_CLOUD_CPP_VERSION_PRE_RELEASE "rc"
+#define GOOGLE_CLOUD_CPP_VERSION_PRE_RELEASE ""
 
 #endif  // GOOGLE_CLOUD_CPP_GOOGLE_CLOUD_INTERNAL_VERSION_INFO_H