diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index ca39ddcaf..761983d7c 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -1,4 +1,4 @@
 from __future__ import print_function, division, absolute_import
 from fontTools.misc.py23 import *
 
-version = "2.5"
+version = "3.0"
diff --git a/setup.py b/setup.py
index 792034fcb..3919d3e02 100755
--- a/setup.py
+++ b/setup.py
@@ -56,7 +56,7 @@ TrueType/OpenType fonts to and from an XML-based format.
 
 setup(
 		name = "fonttools",
-		version = "2.5",
+		version = "3.0",
 		description = "Tools to manipulate font files",
 		author = "Just van Rossum",
 		author_email = "just@letterror.com",