diff --git a/.github/ISSUE_TEMPLATE/bug_report.yml b/.github/ISSUE_TEMPLATE/bug_report.yml
index 3ed50930f..657d83fa3 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.yml
+++ b/.github/ISSUE_TEMPLATE/bug_report.yml
@@ -26,7 +26,7 @@ body:
     attributes:
       label: freud Version
       description: What version of freud are you using?
-      placeholder: v2.11.0
+      placeholder: v2.12.0
     validations:
       required: true
   - type: input
diff --git a/doc/source/conf.py b/doc/source/conf.py
index 9979531ff..15b070ff8 100644
--- a/doc/source/conf.py
+++ b/doc/source/conf.py
@@ -70,8 +70,8 @@
 # built documents.
 #
 # version and release are set the same for this package.
-version = "2.11.0"
-release = "2.11.0"
+version = "2.12.0"
+release = "2.12.0"
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/freud/__init__.py b/freud/__init__.py
index 6cc64ef12..ee6264e39 100644
--- a/freud/__init__.py
+++ b/freud/__init__.py
@@ -23,7 +23,7 @@
 # automatic selection runs, the user cannot change it.
 set_num_threads(0)
 
-__version__ = "2.11.0"
+__version__ = "2.12.0"
 
 __all__ = [
     "__version__",
diff --git a/setup.cfg b/setup.cfg
index d863d1e31..b94e92fce 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 2.11.0
+current_version = 2.12.0
 commit = True
 tag = False
 message = Bump up to version {new_version}.
diff --git a/setup.py b/setup.py
index a58163ce0..30fa091ad 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 
 from skbuild import setup
 
-version = "2.11.0"
+version = "2.12.0"
 
 # Read README for PyPI, fallback to short description if it fails.
 description = "Powerful, efficient trajectory analysis in scientific Python."