diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 3260d906..cca1163f 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.1.0
+current_version = 5.0.0
 commit = True
 tag = True
 
diff --git a/.cookiecutterrc b/.cookiecutterrc
index 3c998545..18487fef 100644
--- a/.cookiecutterrc
+++ b/.cookiecutterrc
@@ -40,7 +40,7 @@ default_context:
     sphinx_doctest: 'no'
     sphinx_theme: sphinx-py3doc-enhanced-theme
     test_matrix_separate_coverage: 'no'
-    version: 4.1.0
+    version: 5.0.0
     version_manager: bump2version
     website: http://blog.ionelmc.ro
     year_from: '2010'
diff --git a/README.rst b/README.rst
index 7b7e3ce8..19b24e9f 100644
--- a/README.rst
+++ b/README.rst
@@ -39,9 +39,9 @@ Overview
     :alt: Supported implementations
     :target: https://pypi.org/project/pytest-cov
 
-.. |commits-since| image:: https://img.shields.io/github/commits-since/pytest-dev/pytest-cov/v4.1.0.svg
+.. |commits-since| image:: https://img.shields.io/github/commits-since/pytest-dev/pytest-cov/v5.0.0.svg
     :alt: Commits since latest release
-    :target: https://github.com/pytest-dev/pytest-cov/compare/v4.1.0...master
+    :target: https://github.com/pytest-dev/pytest-cov/compare/v5.0.0...master
 
 .. end-badges
 
diff --git a/docs/conf.py b/docs/conf.py
index 95250654..f15a262c 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -21,7 +21,7 @@
 year = '2010-2024'
 author = 'pytest-cov contributors'
 copyright = f'{year}, {author}'
-version = release = '4.1.0'
+version = release = '5.0.0'
 
 pygments_style = 'trac'
 templates_path = ['.']
diff --git a/setup.py b/setup.py
index 94c24201..221111e8 100755
--- a/setup.py
+++ b/setup.py
@@ -77,7 +77,7 @@ def run(self):
 
 setup(
     name='pytest-cov',
-    version='4.1.0',
+    version='5.0.0',
     license='MIT',
     description='Pytest plugin for measuring coverage.',
     long_description='{}\n{}'.format(read('README.rst'), re.sub(':[a-z]+:`~?(.*?)`', r'``\1``', read('CHANGELOG.rst'))),
diff --git a/src/pytest_cov/__init__.py b/src/pytest_cov/__init__.py
index 93390efa..82ce08bb 100644
--- a/src/pytest_cov/__init__.py
+++ b/src/pytest_cov/__init__.py
@@ -1,3 +1,3 @@
 """pytest-cov: avoid already-imported warning: PYTEST_DONT_REWRITE."""
 
-__version__ = '4.1.0'
+__version__ = '5.0.0'