diff --git a/compiler/res/version.txt b/compiler/res/version.txt
index c6362d051..37722ebbc 100644
--- a/compiler/res/version.txt
+++ b/compiler/res/version.txt
@@ -1 +1 @@
-7.4-dev
+7.4
diff --git a/docs/source/todo.rst b/docs/source/todo.rst
index cc39fc295..cf98e7348 100644
--- a/docs/source/todo.rst
+++ b/docs/source/todo.rst
@@ -1,7 +1,7 @@
 TODO
 ====
 
-For next compiler release (7.4)
+For next compiler release (7.5)
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 ...