diff --git a/plugins/woocommerce/composer.json b/plugins/woocommerce/composer.json
index 48554489572..533de548587 100644
--- a/plugins/woocommerce/composer.json
+++ b/plugins/woocommerce/composer.json
@@ -2,7 +2,7 @@
 	"name": "woocommerce/woocommerce",
 	"description": "An eCommerce toolkit that helps you sell anything. Beautifully.",
 	"homepage": "https://woocommerce.com/",
-	"version": "7.1.0",
+	"version": "7.2.0",
 	"type": "wordpress-plugin",
 	"license": "GPL-3.0-or-later",
 	"prefer-stable": true,
diff --git a/plugins/woocommerce/includes/class-woocommerce.php b/plugins/woocommerce/includes/class-woocommerce.php
index 34dbc0160c9..358e533ad4d 100644
--- a/plugins/woocommerce/includes/class-woocommerce.php
+++ b/plugins/woocommerce/includes/class-woocommerce.php
@@ -32,7 +32,7 @@ final class WooCommerce {
 	 *
 	 * @var string
 	 */
-	public $version = '7.1.0';
+	public $version = '7.2.0';
 
 	/**
 	 * WooCommerce Schema version.
diff --git a/plugins/woocommerce/package.json b/plugins/woocommerce/package.json
index 9149fffe73b..a45ca5110d9 100644
--- a/plugins/woocommerce/package.json
+++ b/plugins/woocommerce/package.json
@@ -1,7 +1,7 @@
 {
 	"name": "woocommerce",
 	"title": "WooCommerce",
-	"version": "7.1.0",
+	"version": "7.2.0",
 	"homepage": "https://woocommerce.com/",
 	"repository": {
 		"type": "git",
diff --git a/plugins/woocommerce/readme.txt b/plugins/woocommerce/readme.txt
index cab80d5c72a..5fe7f96ac04 100644
--- a/plugins/woocommerce/readme.txt
+++ b/plugins/woocommerce/readme.txt
@@ -4,7 +4,7 @@ Tags: online store, ecommerce, shop, shopping cart, storefront, checkout, downlo
 Requires at least: 5.8
 Tested up to: 6.0
 Requires PHP: 7.2
-Stable tag: 7.0.0
+Stable tag: 7.1.0
 License: GPLv3
 License URI: https://www.gnu.org/licenses/gpl-3.0.html
 
@@ -163,6 +163,6 @@ WooCommerce comes with some sample data you can use to see how products look; im
 
 == Changelog ==
 
-= 7.1.0 2022-XX-XX =
+= 7.2.0 2022-XX-XX =
 
 [See changelog for all versions](https://raw.githubusercontent.com/woocommerce/woocommerce/trunk/changelog.txt).
diff --git a/plugins/woocommerce/woocommerce.php b/plugins/woocommerce/woocommerce.php
index f9426f0c4d0..4165ac6d636 100644
--- a/plugins/woocommerce/woocommerce.php
+++ b/plugins/woocommerce/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: 7.1.0-dev
+ * Version: 7.2.0-dev
  * Author: Automattic
  * Author URI: https://woocommerce.com
  * Text Domain: woocommerce