diff --git a/CHANGELOG.md b/CHANGELOG.md
index b95979813..1620a99b4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,26 @@
+## v7.3.0
+
+09 Aug 2023
+
+Features:
+
+- Add `--no-strip-extras` and warn about strip extras by default
+  ([#1954](https://github.com/jazzband/pip-tools/pull/1954)). Thanks @ryanhiebert
+
+Bug Fixes:
+
+- Fix revealed default config in header if requirements in subfolder
+  ([#1904](https://github.com/jazzband/pip-tools/pull/1904)). Thanks @atugushev
+- Direct references show extra requirements in .txt files
+  ([#1582](https://github.com/jazzband/pip-tools/pull/1582)). Thanks @FlorentJeannot
+
+Other Changes:
+
+- Document how to run under `pipx run`
+  ([#1951](https://github.com/jazzband/pip-tools/pull/1951)). Thanks @brettcannon
+- Document that the backtracking resolver is the current default
+  ([#1948](https://github.com/jazzband/pip-tools/pull/1948)). Thanks @jeffwidman
+
 ## v7.2.0
 
 02 Aug 2023
diff --git a/README.md b/README.md
index a04e02eed..1fa3dcd84 100644
--- a/README.md
+++ b/README.md
@@ -424,7 +424,7 @@ Sample `.pre-commit-config.yaml`:
 ```yaml
 repos:
   - repo: https://github.com/jazzband/pip-tools
-    rev: 7.2.0
+    rev: 7.3.0
     hooks:
       - id: pip-compile
 ```
@@ -434,7 +434,7 @@ You might want to customize `pip-compile` args by configuring `args` and/or `fil
 ```yaml
 repos:
   - repo: https://github.com/jazzband/pip-tools
-    rev: 7.2.0
+    rev: 7.3.0
     hooks:
       - id: pip-compile
         files: ^requirements/production\.(in|txt)$
@@ -446,7 +446,7 @@ If you have multiple requirement files make sure you create a hook for each file
 ```yaml
 repos:
   - repo: https://github.com/jazzband/pip-tools
-    rev: 7.2.0
+    rev: 7.3.0
     hooks:
       - id: pip-compile
         name: pip-compile setup.py