diff --git a/docs/conf.py b/docs/conf.py
index 5fe6d21f..bbaa3913 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -57,9 +57,9 @@
 # built documents.
 #
 # The short X.Y version.
-version = '0.2'
+version = '0.3'
 # The full version, including alpha/beta/rc tags.
-release = '0.2'
+release = '0.3'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/mir_eval/__init__.py b/mir_eval/__init__.py
index 8d8f1f96..9b40d64c 100644
--- a/mir_eval/__init__.py
+++ b/mir_eval/__init__.py
@@ -17,4 +17,4 @@
 from . import transcription
 from . import key
 
-__version__ = '0.2'
+__version__ = '0.3'
diff --git a/setup.py b/setup.py
index 0d20c4d0..181ef595 100644
--- a/setup.py
+++ b/setup.py
@@ -5,7 +5,7 @@
 
 setup(
     name='mir_eval',
-    version='0.2',
+    version='0.3',
     description='Common metrics for common audio/music processing tasks.',
     author='Colin Raffel',
     author_email='craffel@gmail.com',