diff --git a/custom.props b/custom.props
index 9f0d0e0326e..14acf0a9c0e 100644
--- a/custom.props
+++ b/custom.props
@@ -17,7 +17,7 @@
     <XesUseOneStoreVersioning>true</XesUseOneStoreVersioning>
     <XesBaseYearForStoreVersion>2022</XesBaseYearForStoreVersion>
     <VersionMajor>1</VersionMajor>
-    <VersionMinor>15</VersionMinor>
+    <VersionMinor>16</VersionMinor>
     <VersionInfoProductName>Windows Terminal</VersionInfoProductName>
   </PropertyGroup>
 </Project>