diff --git a/packages/block-editor/CHANGELOG.md b/packages/block-editor/CHANGELOG.md
index 34cd726c55fdf5..5ec4c6bc0a8d05 100644
--- a/packages/block-editor/CHANGELOG.md
+++ b/packages/block-editor/CHANGELOG.md
@@ -10,6 +10,7 @@
 
 -   `URLInput`: the `renderSuggestions` callback prop now receives `currentInputValue` as a new parameter ([45806](https://github.com/WordPress/gutenberg/pull/45806)).
 -   Fluid typography: add configurable fluid typography settings for minimum font size to theme.json ([#42489](https://github.com/WordPress/gutenberg/pull/42489)).
+-   `URLInput`: Add `__nextHasNoMarginBottom` prop for opting into the new margin-free styles ([46692](https://github.com/WordPress/gutenberg/pull/46692)).
 
 ### Bug Fix
 
diff --git a/packages/block-editor/src/components/url-input/README.md b/packages/block-editor/src/components/url-input/README.md
index d15702bcfb0bca..87031000394fe3 100644
--- a/packages/block-editor/src/components/url-input/README.md
+++ b/packages/block-editor/src/components/url-input/README.md
@@ -160,10 +160,7 @@ When hiding the URLInput using CSS (as is sometimes done for accessibility purpo
 
 This prop allows the suggestions list to be programmatically not rendered by passing a boolean—it can be `true` to make sure suggestions aren't rendered, or `false`/`undefined` to fall back to the default behaviour of showing suggestions when matching autocompletion items are found.
 
-### `__nextHasNoMarginBottom`
-
--   **Type:** `boolean`
--   **Default:** `false`
+### `__nextHasNoMarginBottom: Boolean`
 
 Start opting into the new margin-free styles that will become the default in a future version, currently scheduled to be WordPress 6.4. (The prop can be safely removed once this happens.)