diff --git a/CHANGES b/CHANGES
index 0e8a504b1eb..d9fe18baff1 100644
--- a/CHANGES
+++ b/CHANGES
@@ -1,17 +1,5 @@
-Release 5.0.1 (in development)
-==============================
-
-Dependencies
-------------
-
-Incompatible changes
---------------------
-
-Deprecated
-----------
-
-Features added
---------------
+Release 5.0.1 (released Jun 03, 2022)
+=====================================
 
 Bugs fixed
 ----------
@@ -22,9 +10,6 @@ Bugs fixed
   docutils-0.18
 * #10495: IndexError is raised for a :rst:role:`kbd` role having a separator
 
-Testing
---------
-
 Release 5.0.0 (released May 30, 2022)
 =====================================
 
diff --git a/sphinx/__init__.py b/sphinx/__init__.py
index e947380bd70..363821209a2 100644
--- a/sphinx/__init__.py
+++ b/sphinx/__init__.py
@@ -21,7 +21,7 @@
 warnings.filterwarnings('ignore', 'The frontend.Option class .*',
                         DeprecationWarning, module='docutils.frontend')
 
-__version__ = '5.0.1+'
+__version__ = '5.0.1'
 __released__ = '5.0.1'  # used when Sphinx builds its own docs
 
 #: Version info for better programmatic use.
@@ -32,7 +32,7 @@
 #:
 #: .. versionadded:: 1.2
 #:    Before version 1.2, check the string ``sphinx.__version__``.
-version_info = (5, 0, 1, 'beta', 0)
+version_info = (5, 0, 1, 'final', 0)
 
 package_dir = path.abspath(path.dirname(__file__))