diff --git a/README.md b/README.md
index c3a45457..7fc88a3b 100644
--- a/README.md
+++ b/README.md
@@ -39,11 +39,11 @@ Download
 Release notes and tarballs are available at
 [kernel.org](https://www.kernel.org/pub/linux/utils/cryptsetup/).
 
-**The latest stable cryptsetup release version is 2.7.4**
-  * [cryptsetup-2.7.4.tar.xz](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.7/cryptsetup-2.7.4.tar.xz)
-  * Signature [cryptsetup-2.7.4.tar.sign](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.7/cryptsetup-2.7.4.tar.sign)
+**The latest stable cryptsetup release version is 2.7.5**
+  * [cryptsetup-2.7.5.tar.xz](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.7/cryptsetup-2.7.5.tar.xz)
+  * Signature [cryptsetup-2.7.5.tar.sign](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.7/cryptsetup-2.7.5.tar.sign)
     _(You need to decompress file first to check signature.)_
-  * [Cryptsetup 2.7.4 Release Notes](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.7/v2.7.4-ReleaseNotes).
+  * [Cryptsetup 2.7.5 Release Notes](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.7/v2.7.5-ReleaseNotes).
 
 Previous versions
  * [Version 2.6.1](https://www.kernel.org/pub/linux/utils/cryptsetup/v2.6/cryptsetup-2.6.1.tar.xz) -
diff --git a/configure.ac b/configure.ac
index 782ef700..e2e73dbc 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ([2.67])
-AC_INIT([cryptsetup],[2.7.4])
+AC_INIT([cryptsetup],[2.7.5])
 
 dnl library version from <major>.<minor>.<release>[-<suffix>]
 LIBCRYPTSETUP_VERSION=$(echo $PACKAGE_VERSION | cut -f1 -d-)
diff --git a/meson.build b/meson.build
index da6631d7..f8b3c373 100644
--- a/meson.build
+++ b/meson.build
@@ -2,7 +2,7 @@ project('cryptsetup',
     'c',
     default_options: [ 'prefix=/usr' ],
     meson_version: '>=0.64',
-    version: '2.7.4')
+    version: '2.7.5')
 
 libcryptsetup_version = '12.10.0'
 
diff --git a/misc/fedora/cryptsetup.spec b/misc/fedora/cryptsetup.spec
index 52bbe2dd..49d4c202 100644
--- a/misc/fedora/cryptsetup.spec
+++ b/misc/fedora/cryptsetup.spec
@@ -2,7 +2,7 @@
 
 Summary: Utility for setting up encrypted disks
 Name: cryptsetup
-Version: 2.7.4
+Version: 2.7.5
 Release: 1%{?dist}
 License: GPL-2.0-or-later WITH cryptsetup-OpenSSL-exception AND LGPL-2.1-or-later WITH cryptsetup-OpenSSL-exception
 URL: https://gitlab.com/cryptsetup/cryptsetup