diff --git a/CMakeLists.txt b/CMakeLists.txt
index ce2a36982..c5694f7ce 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -1,5 +1,5 @@
 cmake_minimum_required(VERSION 3.13)
-project(xgboost LANGUAGES CXX C VERSION 1.4.0)
+project(xgboost LANGUAGES CXX C VERSION 1.5.0)
 include(cmake/Utils.cmake)
 list(APPEND CMAKE_MODULE_PATH "${xgboost_SOURCE_DIR}/cmake/modules")
 cmake_policy(SET CMP0022 NEW)
diff --git a/R-package/DESCRIPTION b/R-package/DESCRIPTION
index ebd9c8c16..1dc05165f 100644
--- a/R-package/DESCRIPTION
+++ b/R-package/DESCRIPTION
@@ -1,7 +1,7 @@
 Package: xgboost
 Type: Package
 Title: Extreme Gradient Boosting
-Version: 1.4.0.1
+Version: 1.5.0.1
 Date: 2020-08-28
 Authors@R: c(
   person("Tianqi", "Chen", role = c("aut"),
diff --git a/include/xgboost/version_config.h b/include/xgboost/version_config.h
index ab004bac6..c88ad615d 100644
--- a/include/xgboost/version_config.h
+++ b/include/xgboost/version_config.h
@@ -5,7 +5,7 @@
 #define XGBOOST_VERSION_CONFIG_H_
 
 #define XGBOOST_VER_MAJOR 1
-#define XGBOOST_VER_MINOR 4
+#define XGBOOST_VER_MINOR 5
 #define XGBOOST_VER_PATCH 0
 
 #endif  // XGBOOST_VERSION_CONFIG_H_
diff --git a/jvm-packages/pom.xml b/jvm-packages/pom.xml
index 1854c7d9b..247796663 100644
--- a/jvm-packages/pom.xml
+++ b/jvm-packages/pom.xml
@@ -6,7 +6,7 @@
 
     <groupId>ml.dmlc</groupId>
     <artifactId>xgboost-jvm_2.12</artifactId>
-    <version>1.4.0-SNAPSHOT</version>
+    <version>1.5.0-SNAPSHOT</version>
     <packaging>pom</packaging>
     <name>XGBoost JVM Package</name>
     <description>JVM Package for XGBoost</description>
diff --git a/jvm-packages/xgboost4j-example/pom.xml b/jvm-packages/xgboost4j-example/pom.xml
index af52e1f3c..98ce4e948 100644
--- a/jvm-packages/xgboost4j-example/pom.xml
+++ b/jvm-packages/xgboost4j-example/pom.xml
@@ -6,10 +6,10 @@
     <parent>
         <groupId>ml.dmlc</groupId>
         <artifactId>xgboost-jvm_2.12</artifactId>
-        <version>1.4.0-SNAPSHOT</version>
+        <version>1.5.0-SNAPSHOT</version>
     </parent>
     <artifactId>xgboost4j-example_2.12</artifactId>
-    <version>1.4.0-SNAPSHOT</version>
+    <version>1.5.0-SNAPSHOT</version>
     <packaging>jar</packaging>
     <build>
         <plugins>
@@ -26,7 +26,7 @@
         <dependency>
             <groupId>ml.dmlc</groupId>
             <artifactId>xgboost4j-spark_${scala.binary.version}</artifactId>
-            <version>1.4.0-SNAPSHOT</version>
+            <version>1.5.0-SNAPSHOT</version>
         </dependency>
         <dependency>
             <groupId>org.apache.spark</groupId>
@@ -37,7 +37,7 @@
         <dependency>
             <groupId>ml.dmlc</groupId>
             <artifactId>xgboost4j-flink_${scala.binary.version}</artifactId>
-            <version>1.4.0-SNAPSHOT</version>
+            <version>1.5.0-SNAPSHOT</version>
         </dependency>
         <dependency>
             <groupId>org.apache.commons</groupId>
diff --git a/jvm-packages/xgboost4j-flink/pom.xml b/jvm-packages/xgboost4j-flink/pom.xml
index 848a3760d..11ad0d273 100644
--- a/jvm-packages/xgboost4j-flink/pom.xml
+++ b/jvm-packages/xgboost4j-flink/pom.xml
@@ -6,10 +6,10 @@
     <parent>
         <groupId>ml.dmlc</groupId>
         <artifactId>xgboost-jvm_2.12</artifactId>
-        <version>1.4.0-SNAPSHOT</version>
+        <version>1.5.0-SNAPSHOT</version>
     </parent>
     <artifactId>xgboost4j-flink_2.12</artifactId>
-    <version>1.4.0-SNAPSHOT</version>
+    <version>1.5.0-SNAPSHOT</version>
     <build>
         <plugins>
             <plugin>
@@ -26,7 +26,7 @@
         <dependency>
             <groupId>ml.dmlc</groupId>
             <artifactId>xgboost4j_${scala.binary.version}</artifactId>
-            <version>1.4.0-SNAPSHOT</version>
+            <version>1.5.0-SNAPSHOT</version>
         </dependency>
         <dependency>
             <groupId>org.apache.commons</groupId>
diff --git a/jvm-packages/xgboost4j-gpu/pom.xml b/jvm-packages/xgboost4j-gpu/pom.xml
index b53e9c34c..81b536e8e 100644
--- a/jvm-packages/xgboost4j-gpu/pom.xml
+++ b/jvm-packages/xgboost4j-gpu/pom.xml
@@ -6,10 +6,10 @@
     <parent>
         <groupId>ml.dmlc</groupId>
         <artifactId>xgboost-jvm_2.12</artifactId>
-        <version>1.4.0-SNAPSHOT</version>
+        <version>1.5.0-SNAPSHOT</version>
     </parent>
     <artifactId>xgboost4j-gpu_2.12</artifactId>
-    <version>1.4.0-SNAPSHOT</version>
+    <version>1.5.0-SNAPSHOT</version>
     <packaging>jar</packaging>
 
     <dependencies>
diff --git a/jvm-packages/xgboost4j-spark-gpu/pom.xml b/jvm-packages/xgboost4j-spark-gpu/pom.xml
index 815def03b..6af0d196c 100644
--- a/jvm-packages/xgboost4j-spark-gpu/pom.xml
+++ b/jvm-packages/xgboost4j-spark-gpu/pom.xml
@@ -6,7 +6,7 @@
     <parent>
         <groupId>ml.dmlc</groupId>
         <artifactId>xgboost-jvm_2.12</artifactId>
-        <version>1.4.0-SNAPSHOT</version>
+        <version>1.5.0-SNAPSHOT</version>
     </parent>
     <artifactId>xgboost4j-spark-gpu_2.12</artifactId>
     <build>
@@ -24,7 +24,7 @@
         <dependency>
             <groupId>ml.dmlc</groupId>
             <artifactId>xgboost4j-gpu_${scala.binary.version}</artifactId>
-            <version>1.4.0-SNAPSHOT</version>
+            <version>1.5.0-SNAPSHOT</version>
         </dependency>
         <dependency>
             <groupId>org.apache.spark</groupId>
diff --git a/jvm-packages/xgboost4j-spark/pom.xml b/jvm-packages/xgboost4j-spark/pom.xml
index cbca445a1..771b126b2 100644
--- a/jvm-packages/xgboost4j-spark/pom.xml
+++ b/jvm-packages/xgboost4j-spark/pom.xml
@@ -6,7 +6,7 @@
     <parent>
         <groupId>ml.dmlc</groupId>
         <artifactId>xgboost-jvm_2.12</artifactId>
-        <version>1.4.0-SNAPSHOT</version>
+        <version>1.5.0-SNAPSHOT</version>
     </parent>
     <artifactId>xgboost4j-spark_2.12</artifactId>
     <build>
@@ -24,7 +24,7 @@
         <dependency>
             <groupId>ml.dmlc</groupId>
             <artifactId>xgboost4j_${scala.binary.version}</artifactId>
-            <version>1.4.0-SNAPSHOT</version>
+            <version>1.5.0-SNAPSHOT</version>
         </dependency>
         <dependency>
             <groupId>org.apache.spark</groupId>
diff --git a/jvm-packages/xgboost4j/pom.xml b/jvm-packages/xgboost4j/pom.xml
index 965f134e7..eaa94ae62 100644
--- a/jvm-packages/xgboost4j/pom.xml
+++ b/jvm-packages/xgboost4j/pom.xml
@@ -6,10 +6,10 @@
     <parent>
         <groupId>ml.dmlc</groupId>
         <artifactId>xgboost-jvm_2.12</artifactId>
-        <version>1.4.0-SNAPSHOT</version>
+        <version>1.5.0-SNAPSHOT</version>
     </parent>
     <artifactId>xgboost4j_2.12</artifactId>
-    <version>1.4.0-SNAPSHOT</version>
+    <version>1.5.0-SNAPSHOT</version>
     <packaging>jar</packaging>
 
     <dependencies>
diff --git a/python-package/xgboost/VERSION b/python-package/xgboost/VERSION
index 8f069aebb..d65536257 100644
--- a/python-package/xgboost/VERSION
+++ b/python-package/xgboost/VERSION
@@ -1 +1 @@
-1.4.0-SNAPSHOT
+1.5.0-SNAPSHOT