diff --git a/libqt5-qtgraphicaleffects.changes b/libqt5-qtgraphicaleffects.changes
index 9967df7..25b844a 100644
--- a/libqt5-qtgraphicaleffects.changes
+++ b/libqt5-qtgraphicaleffects.changes
@@ -1,3 +1,11 @@
+-------------------------------------------------------------------
+Sun Aug 16 08:32:01 UTC 2015 - hrvoje.senjan@gmail.com
+
+- Update to 5.5.0
+  * For more details please see:
+    http://blog.qt.io/blog/2015/07/01/qt-5-5-released/
+    and https://wiki.qt.io/New_Features_in_Qt_5.5
+
 -------------------------------------------------------------------
 Wed Jun  3 22:56:21 UTC 2015 - hrvoje.senjan@gmail.com
 
diff --git a/libqt5-qtgraphicaleffects.spec b/libqt5-qtgraphicaleffects.spec
index cfce479..689a1bd 100644
--- a/libqt5-qtgraphicaleffects.spec
+++ b/libqt5-qtgraphicaleffects.spec
@@ -1,7 +1,7 @@
 #
 # spec file for package libqt5-qtgraphicaleffects
 #
-# Copyright (c) 2015 SUSE LINUX Products GmbH, Nuernberg, Germany.
+# Copyright (c) 2015 SUSE LINUX GmbH, Nuernberg, Germany.
 #
 # All modifications and additions to the file contributed by third parties
 # remain the property of their copyright owners, unless otherwise agreed
@@ -19,15 +19,15 @@
 %define qt5_snapshot 0
 
 Name:           libqt5-qtgraphicaleffects
-Version:        5.4.2
+Version:        5.5.0
 Release:        0
 Summary:        Qt 5 Graphical Effects
 License:        BSD-3-Clause and (SUSE-LGPL-2.1-with-digia-exception-1.1 or GPL-3.0)
 Group:          Development/Libraries/X11
 Url:            http://qt.digia.com
 %define base_name libqt5
-%define real_version 5.4.2
-%define so_version 5.4.2
+%define real_version 5.5.0
+%define so_version 5.5.0
 %define tar_version qtgraphicaleffects-opensource-src-%{real_version}
 Source:         %{tar_version}.tar.xz
 BuildRequires:  libqt5-qtdeclarative-devel >= %{version}
diff --git a/qtgraphicaleffects-opensource-src-5.4.2.tar.xz b/qtgraphicaleffects-opensource-src-5.4.2.tar.xz
deleted file mode 100644
index a3020f1..0000000
--- a/qtgraphicaleffects-opensource-src-5.4.2.tar.xz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:ba8f477be1b0675ce36f48530db050d2922b2a0d6ff80c46559245a94aede80a
-size 14324140
diff --git a/qtgraphicaleffects-opensource-src-5.5.0.tar.xz b/qtgraphicaleffects-opensource-src-5.5.0.tar.xz
new file mode 100644
index 0000000..dfd5827
--- /dev/null
+++ b/qtgraphicaleffects-opensource-src-5.5.0.tar.xz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:f143514e7414797f264fea6348635e1db3e15d13e326af4a6b355fecf0a147ee
+size 14322244