Blake Lively Gives Birth to Baby No. 2!

Blake Lively is a new mama again!

The Shallows star gave birth to her second child with Ryan Reynolds at a New York City hospital earlier this week, a source confirms to ET.

WATCH: Blake Lively Talks Having More Children With Ryan Reynolds -- 'We're Officially Breeders'

The 29-year-old actress and her Deadpool star husband, 39, had their first child, daughter James, in December 2014.

Congrats, Blake and Ryan!

WATCH: Blake Lively Talks Being ‘Protective’ of Her Family, Says Daughter James Was Ryan Reynolds’ ‘Doppelganger for Six Months’

Watch the video below for a look at Lively's stunning pregnancy style.