diff --git a/Lib/fontTools/__init__.py b/Lib/fontTools/__init__.py
index e0048bd39..8a8121ddf 100644
--- a/Lib/fontTools/__init__.py
+++ b/Lib/fontTools/__init__.py
@@ -4,6 +4,6 @@ from fontTools.misc.loggingTools import configLogger
 
 log = logging.getLogger(__name__)
 
-version = __version__ = "4.17.2.dev0"
+version = __version__ = "4.18.0"
 
 __all__ = ["version", "log", "configLogger"]
diff --git a/NEWS.rst b/NEWS.rst
index 5e547d560..bf3a72229 100644
--- a/NEWS.rst
+++ b/NEWS.rst
@@ -1,3 +1,6 @@
+4.18.0 (released 2020-12-04)
+----------------------------
+
 - [COLRv1] Update to latest draft: added ``PaintRotate`` and ``PaintSkew`` (#2118).
 - [woff2] Support new ``brotlicffi`` bindings for PyPy (#2117).
 - [glifLib] Added ``expectContentsFile`` parameter to ``GlyphSet``, for use when
diff --git a/setup.cfg b/setup.cfg
index d53704c75..db6ac55a7 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 4.17.2.dev0
+current_version = 4.18.0
 commit = True
 tag = False
 tag_name = {new_version}
diff --git a/setup.py b/setup.py
index 8a04da167..df0100483 100755
--- a/setup.py
+++ b/setup.py
@@ -441,7 +441,7 @@ if ext_modules:
 
 setup_params = dict(
 	name="fonttools",
-	version="4.17.2.dev0",
+	version="4.18.0",
 	description="Tools to manipulate font files",
 	author="Just van Rossum",
 	author_email="just@letterror.com",