Stephen Colbert is preparing for his final episode of "The Late Show," which will air on May 21, 2026 [1].

Colbert's departure marks the end of a significant era in late-night television. As a central figure in political satire and nightly commentary, his sign-off reflects the shifting landscape of how audiences consume comedy and news in the U.S.

The final broadcast is scheduled to air at 11:35 p.m. ET [1]. The episode will take place at the "The Late Show" studio in New York City [2].

According to reports, the farewell will include a star-studded list of guests for the final show [3]. This lineup is expected to feature fellow late-night hosts including Jimmy Fallon, Jimmy Kimmel, Seth Meyers, and John Oliver [4].

Colbert has spent his tenure at CBS blending traditional celebrity interviews with sharp critiques of current events. The countdown to the finale has begun as he prepares an emotional sign-off for his viewers [3].

The transition comes as the industry continues to adapt to digital streaming and changing viewership habits. While the specific reasons for the conclusion of the show were not detailed in the announcements, the event is being framed as a definitive closing chapter for Colbert's role as the host of this specific franchise [2].

Viewers can expect the final episode to serve as both a retrospective of his time on the air and a gathering of the most prominent voices in modern late-night comedy [3].

Stephen Colbert is preparing for his final episode of "The Late Show."

The conclusion of Colbert's tenure at The Late Show signals a broader transition in the late-night television format. By gathering his peers for the finale, the event emphasizes the communal nature of the late-night guild even as the medium faces increasing competition from short-form digital content and social media creators.