diff --git a/docs/conf.py b/docs/conf.py
index 40afedce1..325ab6b57 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -16,7 +16,7 @@
 project = 'Python SDK reference'
 copyright = '2025, Labelbox'
 author = 'Labelbox'
-release = '7.3.0'
+release = '7.4.0'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/libs/labelbox/CHANGELOG.md b/libs/labelbox/CHANGELOG.md
index bed05788f..8d2bbf7b4 100644
--- a/libs/labelbox/CHANGELOG.md
+++ b/libs/labelbox/CHANGELOG.md
@@ -1,4 +1,13 @@
 # Changelog
+# Version 7.4.0 (2026-01-22)
+## Added
+* Add support of groups to invite_user() ([#2035](https://github.com/Labelbox/labelbox-python/pull/2035))
+* Add group classification type ([2030](https://github.com/Labelbox/labelbox-python/pull/2030))
+* Add model config response count support ([#2014](https://github.com/Labelbox/labelbox-python/pull/2014))
+
+## Fixed
+* Workflow Management allow multiple inputs ([#2031](https://github.com/Labelbox/labelbox-python/pull/2031)) 
+
 # Version 7.3.0 (2025-10-27)
 ## Added
 * Add support for Audio Temporal Annotations ([#2013](https://github.com/Labelbox/labelbox-python/pull/2013))
diff --git a/libs/labelbox/pyproject.toml b/libs/labelbox/pyproject.toml
index 756c89eea..92250d517 100644
--- a/libs/labelbox/pyproject.toml
+++ b/libs/labelbox/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "labelbox"
-version = "7.3.0"
+version = "7.4.0"
 description = "Labelbox Python API"
 authors = [{ name = "Labelbox", email = "engineering@labelbox.com" }]
 dependencies = [
diff --git a/libs/labelbox/src/labelbox/__init__.py b/libs/labelbox/src/labelbox/__init__.py
index d8296d594..9a6d9efc9 100644
--- a/libs/labelbox/src/labelbox/__init__.py
+++ b/libs/labelbox/src/labelbox/__init__.py
@@ -1,6 +1,6 @@
 name = "labelbox"
 
-__version__ = "7.3.0"
+__version__ = "7.4.0"
 
 from labelbox.client import Client
 from labelbox.schema.annotation_import import (