diff --git a/doc/changelog.rst b/doc/changelog.rst
index 3e5042bb..c722fc49 100644
--- a/doc/changelog.rst
+++ b/doc/changelog.rst
@@ -1,12 +1,20 @@
 Changelog
 =========
 
+Version 2.4.0 (2022-07-20)
+--------------------------
+
+* pyperf now recognizes `pyston <https://github.com/pyston/pyston>`_ as the JIT-based implementation.
+  Patch by Kevin Modzelewski.
+* :ref:`Runner CLI <runner_cli>` now supports ``--profile=PROFILE`` option for profiling benchmarks.
+  Patch by Michael Droettboom.
+
 Version 2.3.1 (2022-02-03)
 --------------------------
 
 * Add a ``Runner.bench_async_func()`` to benchmark an asyncio coroutine.
   Patch by Inada Naoki.
-* pyperf now recognizes graalpython as the JIT-based implementation.
+* pyperf now recognizes `graalpython <https://github.com/oracle/graalpython>`_ as the JIT-based implementation.
   Patch by Tim Felgentreff.
 
 Version 2.3.0 (2021-09-28)
diff --git a/doc/conf.py b/doc/conf.py
index 4f81a164..3de60022 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -55,7 +55,7 @@
 # built documents.
 #
 # The short X.Y version.
-version = release = '2.3.1'
+version = release = '2.4.0'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/pyperf/__init__.py b/pyperf/__init__.py
index 78baa5ae..127f6e52 100644
--- a/pyperf/__init__.py
+++ b/pyperf/__init__.py
@@ -1,6 +1,6 @@
 from time import perf_counter
 
-VERSION = (2, 3, 1)
+VERSION = (2, 4, 0)
 __version__ = '.'.join(map(str, VERSION))
 
 # Export pyperf.perf_counter for backward compatibility with pyperf 1.7
diff --git a/setup.py b/setup.py
index 5c049105..a5822ac6 100644
--- a/setup.py
+++ b/setup.py
@@ -24,7 +24,7 @@
 #  - git commit -a -m "post-release"
 #  - git push or send the PR to the repository
 
-VERSION = '2.3.1'
+VERSION = '2.4.0'
 
 DESCRIPTION = 'Python module to run and analyze benchmarks'
 CLASSIFIERS = [