diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index ff625ba36..ca3f730c7 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.7.4"
+  ".": "2.7.5"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8a2d0c8ca..b22097196 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [2.7.5](https://github.com/microsoft/OpenAPI.NET/compare/v2.7.4...v2.7.5) (2026-05-26)
+
+
+### Bug Fixes
+
+* **library:** handle circular schema references ([acd5088](https://github.com/microsoft/OpenAPI.NET/commit/acd5088e822ca6bfab3b5726b8114d81ed35d3f0))
+* **library:** handle circular schema references ([6bcac39](https://github.com/microsoft/OpenAPI.NET/commit/6bcac3995314f71028d234270abd6fc4773aabf6))
+
 ## [2.7.4](https://github.com/microsoft/OpenAPI.NET/compare/v2.7.3...v2.7.4) (2026-04-27)
 
 
diff --git a/Directory.Build.props b/Directory.Build.props
index 64427409a..f06b5bb92 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -12,7 +12,7 @@
     <PackageProjectUrl>https://github.com/Microsoft/OpenAPI.NET</PackageProjectUrl>
     <Copyright>© Microsoft Corporation. All rights reserved.</Copyright>
     <PackageTags>OpenAPI .NET</PackageTags>
-    <Version>2.7.4</Version>
+    <Version>2.7.5</Version>
   </PropertyGroup>
   <!-- https://github.com/clairernovotny/DeterministicBuilds#deterministic-builds -->
   <PropertyGroup Condition="'$(TF_BUILD)' == 'true'">