diff --git a/Makefile b/Makefile
index 601d70fe..1e72ed88 100644
--- a/Makefile
+++ b/Makefile
@@ -8,7 +8,7 @@ DESTDIR ?=
 EPOCH_TEST_COMMIT ?= $(shell git merge-base $${DEST_BRANCH:-main} HEAD)
 HEAD ?= HEAD
 
-export PODMAN_VERSION ?= "5.0.0-dev"
+export PODMAN_VERSION ?= "5.0.0"
 
 .PHONY: podman
 podman:
diff --git a/podman/version.py b/podman/version.py
index e2c9fd5b..e672c504 100644
--- a/podman/version.py
+++ b/podman/version.py
@@ -1,4 +1,4 @@
 """Version of PodmanPy."""
 
-__version__ = "5.0.0-dev"
+__version__ = "5.0.0"
 __compatible_version__ = "1.40"
diff --git a/setup.cfg b/setup.cfg
index 2d1ef151..bf1b31fc 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = podman
-version = 5.0.0-dev
+version = 5.0.0
 author = Brent Baude, Jhon Honce, Urvashi Mohnani
 author_email = jhonce@redhat.com
 description = Bindings for Podman RESTful API