diff --git a/CHANGELOG.md b/CHANGELOG.md
index fa52d06b9b5..298927812ee 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,7 +3,7 @@ All notable changes to this project will be documented in this file.
 This project adheres to [Semantic Versioning](http://semver.org/).
 
 
-## UNRELEASED
+## [5.16.0] - 2023-08-11
 
 ### Updated
 - Updated Plotly.js from version 2.24.1 to version 2.25.2. See the [plotly.js CHANGELOG](https://github.com/plotly/plotly.js/blob/master/CHANGELOG.md#2252----2023-08-11) for more information. These changes are reflected in the auto-generated `plotly.graph_objects` module. Notable changes include:
@@ -13,6 +13,9 @@ This project adheres to [Semantic Versioning](http://semver.org/).
 - `px` methods now accept data-frame-like objects that support a [dataframe interchange protocol](https://data-apis.org/dataframe-protocol/latest/index.html), such as polars, vaex, modin etc. This protocol has priority on `to_pandas` call, but will only be used if pandas>=2.0.2 is installed in the environment.
 - `px` methods now accept data-frame-like objects that support a `toPandas()` method, such as Spark DataFrames, or a `to_pandas_df()` method, such as Vaex DataFrames.
 
+### Fixed
+- Fixed Pandas performance warning issue caused by multiple `frame.insert` [[#4246](https://github.com/plotly/plotly.py/pull/4246)]
+
 ## [5.15.0] - 2023-06-08
 
 ### Updated
diff --git a/README.md b/README.md
index 6eb74df70d5..0616fdf10f5 100644
--- a/README.md
+++ b/README.md
@@ -33,7 +33,7 @@
 
 ## Quickstart
 
-`pip install plotly==5.15.0`
+`pip install plotly==5.16.0`
 
 Inside [Jupyter](https://jupyter.org/install) (installable with `pip install "jupyterlab>=3" "ipywidgets>=7.6"`):
 
@@ -78,13 +78,13 @@ Built on top of [plotly.js](https://github.com/plotly/plotly.js), `plotly.py` is
 plotly.py may be installed using pip...
 
 ```
-pip install plotly==5.15.0
+pip install plotly==5.16.0
 ```
 
 or conda.
 
 ```
-conda install -c plotly plotly=5.15.0
+conda install -c plotly plotly=5.16.0
 ```
 
 ### JupyterLab Support
@@ -106,7 +106,7 @@ The instructions above apply to JupyterLab 3.x. **For JupyterLab 2 or earlier**,
 
 ```
 # JupyterLab 2.x renderer support
-jupyter labextension install jupyterlab-plotly@5.15.0 @jupyter-widgets/jupyterlab-manager
+jupyter labextension install jupyterlab-plotly@5.16.0 @jupyter-widgets/jupyterlab-manager
 ```
 
 Please check out our [Troubleshooting guide](https://plotly.com/python/troubleshooting/) if you run into any problems with JupyterLab.
diff --git a/packages/javascript/jupyterlab-plotly/package-lock.json b/packages/javascript/jupyterlab-plotly/package-lock.json
index c22fb7ec0d1..60f5e7b051c 100644
--- a/packages/javascript/jupyterlab-plotly/package-lock.json
+++ b/packages/javascript/jupyterlab-plotly/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "jupyterlab-plotly",
-  "version": "5.15.0",
+  "version": "5.16.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "jupyterlab-plotly",
-      "version": "5.15.0",
+      "version": "5.16.0",
       "license": "MIT",
       "dependencies": {
         "@jupyter-widgets/base": ">=2.0.0 <7.0.0",
diff --git a/packages/javascript/jupyterlab-plotly/package.json b/packages/javascript/jupyterlab-plotly/package.json
index fbfb679a4ee..ff5aba575c8 100644
--- a/packages/javascript/jupyterlab-plotly/package.json
+++ b/packages/javascript/jupyterlab-plotly/package.json
@@ -1,6 +1,6 @@
 {
   "name": "jupyterlab-plotly",
-  "version": "5.15.0",
+  "version": "5.16.0",
   "description": "The plotly Jupyter extension",
   "author": "The plotly.py team",
   "license": "MIT",
diff --git a/packages/python/plotly/plotly/_widget_version.py b/packages/python/plotly/plotly/_widget_version.py
index 6bd26c202ff..15af696494a 100644
--- a/packages/python/plotly/plotly/_widget_version.py
+++ b/packages/python/plotly/plotly/_widget_version.py
@@ -2,4 +2,4 @@
 # for automated dev builds
 #
 # It is edited by hand prior to official releases
-__frontend_version__ = "^5.15.0"
+__frontend_version__ = "^5.16.0"