diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 1eec10e9..90eeef65 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "4.7.0"
+  ".": "4.8.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b8f55dd1..fbd71794 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,14 @@
 # Changelog
 
+## 4.8.0 (2026-06-04)
+
+Full Changelog: [v4.7.0...v4.8.0](https://github.com/Metronome-Industries/metronome-python/compare/v4.7.0...v4.8.0)
+
+### Features
+
+* [🪿] Remove `allow-subscriptions-custom-billing-anchor` feature flag ([6a6aa17](https://github.com/Metronome-Industries/metronome-python/commit/6a6aa17cb52535dcba439c801da5a0d6b40a5eaa))
+* Revert "[pgs] Remove `allow-subscriptions-custom-billing-anchor` and proration rounding feature flags" ([5b5b50c](https://github.com/Metronome-Industries/metronome-python/commit/5b5b50c35e05783bc7ec21cdfc35dc55ef7df98a))
+
 ## 4.7.0 (2026-05-29)
 
 Full Changelog: [v4.6.0...v4.7.0](https://github.com/Metronome-Industries/metronome-python/compare/v4.6.0...v4.7.0)
diff --git a/pyproject.toml b/pyproject.toml
index 1b6a2d3b..a6b3ce3c 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "metronome-sdk"
-version = "4.7.0"
+version = "4.8.0"
 description = "The official Python library for the metronome API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/metronome/_version.py b/src/metronome/_version.py
index befc4d1f..4ea3f8a9 100644
--- a/src/metronome/_version.py
+++ b/src/metronome/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "metronome"
-__version__ = "4.7.0"  # x-release-please-version
+__version__ = "4.8.0"  # x-release-please-version