diff --git a/includes/class-woocommerce.php b/includes/class-woocommerce.php
index 9410b7c0e19..1fe2dd3b2c7 100644
--- a/includes/class-woocommerce.php
+++ b/includes/class-woocommerce.php
@@ -22,7 +22,7 @@ final class WooCommerce {
 	 *
 	 * @var string
 	 */
-	public $version = '4.9.0';
+	public $version = '5.0.0';
 
 	/**
 	 * WooCommerce Schema version.
diff --git a/package.json b/package.json
index 2d0d4091bde..a1a99c375e3 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "woocommerce",
   "title": "WooCommerce",
-  "version": "4.9.0",
+  "version": "5.0.0",
   "homepage": "https://woocommerce.com/",
   "repository": {
     "type": "git",
diff --git a/woocommerce.php b/woocommerce.php
index 94feb47c18d..e536627c59f 100644
--- a/woocommerce.php
+++ b/woocommerce.php
@@ -3,7 +3,7 @@
  * Plugin Name: WooCommerce
  * Plugin URI: https://woocommerce.com/
  * Description: An eCommerce toolkit that helps you sell anything. Beautifully.
- * Version: 4.9.0-beta.1
+ * Version: 5.0.0-dev
  * Author: Automattic
  * Author URI: https://woocommerce.com
  * Text Domain: woocommerce