diff --git a/.gitignore b/.gitignore
index e450469..97c1cf6 100644
--- a/.gitignore
+++ b/.gitignore
@@ -9,3 +9,4 @@
 /vte-0.39.1.tar.xz
 /vte-0.39.90.tar.xz
 /vte-0.39.92.tar.xz
+/vte-0.40.0.tar.xz
diff --git a/sources b/sources
index 0f63dac..d517d64 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-33fb85e525110a901b1f8b993fe177fd  vte-0.39.92.tar.xz
+5593de4ac25ca578e26f01be57c0c3ff  vte-0.40.0.tar.xz
diff --git a/vte291.spec b/vte291.spec
index e969856..bfad40b 100644
--- a/vte291.spec
+++ b/vte291.spec
@@ -1,13 +1,13 @@
 %global apiver 2.91
 
 Name:           vte291
-Version:        0.39.92
+Version:        0.40.0
 Release:        1%{?dist}
 Summary:        Terminal emulator library
 
 License:        LGPLv2+
 URL:            http://www.gnome.org/
-Source0:        http://download.gnome.org/sources/vte/0.39/vte-%{version}.tar.xz
+Source0:        http://download.gnome.org/sources/vte/0.40/vte-%{version}.tar.xz
 # https://bugzilla.gnome.org/show_bug.cgi?id=688456
 Patch0:         0001-widget-Only-show-the-cursor-on-motion-if-moved.patch
 
@@ -102,6 +102,9 @@ rm -f $RPM_BUILD_ROOT%{_libdir}/*.la
 %{_sysconfdir}/profile.d/vte.sh
 
 %changelog
+* Tue Mar 24 2015 Debarshi Ray <rishi@fedoraproject.org> - 0.40.0-1
+- Update to 0.40.0
+
 * Thu Mar 19 2015 Debarshi Ray <rishi@fedoraproject.org> - 0.39.92-1
 - Update to 0.39.92