diff --git a/docs/source/release_notes.rst b/docs/source/release_notes.rst
index 11df5750b1..77c1d28af6 100644
--- a/docs/source/release_notes.rst
+++ b/docs/source/release_notes.rst
@@ -2,6 +2,18 @@
 -------------
 
 **Future Releases**
+    * Enhancements
+    * Fixes
+    * Changes
+    * Documentation Changes
+    * Testing Changes
+
+.. warning::
+
+    **Breaking Changes**
+
+
+**v0.47.0 Mar. 16, 2022**
     * Enhancements
         * Added ``TimeSeriesFeaturizer`` into ARIMA-based pipelines :pr:`3313`
         * Added caching capability for ensemble training during ``AutoMLSearch`` :pr:`3257`
@@ -16,10 +28,6 @@
     * Testing Changes
         * Checkout main branch in build_conda_pkg job :pr:`3375`
 
-.. warning::
-
-    **Breaking Changes**
-
 **v0.46.0 Mar. 03, 2022**
     * Enhancements
         * Added ``test_size`` parameter to ``ClassImbalanceDataCheck`` :pr:`3341`
diff --git a/evalml/__init__.py b/evalml/__init__.py
index 73ff84c90e..e25dc0552e 100644
--- a/evalml/__init__.py
+++ b/evalml/__init__.py
@@ -23,4 +23,4 @@
 warnings.filterwarnings("ignore", category=FutureWarning)
 warnings.filterwarnings("ignore", category=DeprecationWarning)
 
-__version__ = "0.46.0"
+__version__ = "0.47.0"
diff --git a/setup.py b/setup.py
index 26d7bdfc50..86a59a6342 100644
--- a/setup.py
+++ b/setup.py
@@ -11,7 +11,7 @@
 
 setup(
     name='evalml',
-    version='0.46.0',
+    version='0.47.0',
     author='Alteryx, Inc.',
     author_email='open_source_support@alteryx.com',
     description='EvalML is an AutoML library that builds, optimizes, and evaluates machine learning pipelines using domain-specific objective functions.',