diff --git a/README.md b/README.md
index 970006b59..5345d39af 100644
--- a/README.md
+++ b/README.md
@@ -39,13 +39,13 @@ This library supports the following Ruby implementations:
 To install using [Bundler][bundler] grab the latest stable version:
 
 ```ruby
-gem 'twilio-ruby', '~> 7.3.7'
+gem 'twilio-ruby', '~> 7.4.0'
 ```
 
 To manually install `twilio-ruby` via [Rubygems][rubygems] simply gem install:
 
 ```bash
-gem install twilio-ruby -v 7.3.7
+gem install twilio-ruby -v 7.4.0
 ```
 
 To build and install the development branch yourself from the latest source:
diff --git a/lib/twilio-ruby/version.rb b/lib/twilio-ruby/version.rb
index 4fcfbd9ac..582cecbd5 100644
--- a/lib/twilio-ruby/version.rb
+++ b/lib/twilio-ruby/version.rb
@@ -1,3 +1,3 @@
 module Twilio
-    VERSION = '7.3.7'
+    VERSION = '7.4.0'
 end