diff --git a/package-lock.json b/package-lock.json
index 81a4bd2b81..83de5d6f48 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "graphql",
-  "version": "16.2.0",
+  "version": "16.3.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "graphql",
-      "version": "16.2.0",
+      "version": "16.3.0",
       "license": "MIT",
       "devDependencies": {
         "@babel/core": "7.16.12",
diff --git a/package.json b/package.json
index 3c17b04646..bc54ccef51 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "graphql",
-  "version": "16.2.0",
+  "version": "16.3.0",
   "description": "A Query Language and Runtime which can target any service.",
   "license": "MIT",
   "private": true,
diff --git a/src/version.ts b/src/version.ts
index f1f2c1b6c3..7e92186d80 100644
--- a/src/version.ts
+++ b/src/version.ts
@@ -4,14 +4,14 @@
 /**
  * A string containing the version of the GraphQL.js library
  */
-export const version = '16.2.0' as string;
+export const version = '16.3.0' as string;
 
 /**
  * An object containing the components of the GraphQL.js version string
  */
 export const versionInfo = Object.freeze({
   major: 16 as number,
-  minor: 2 as number,
+  minor: 3 as number,
   patch: 0 as number,
   preReleaseTag: null as string | null,
 });