diff --git a/CHANGES.md b/CHANGES.md
index 7c96483595..4909423395 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -16,6 +16,8 @@ We adhere to the [keepachangelog](https://keepachangelog.com/en/1.0.0/) format (
 ### Fixed
 * Allow multiple instances of the same npm-based formatter to be used by separating their `node_modules` directories. ([#1565](https://github.com/diffplug/spotless/pull/1565))
 * `ktfmt` default style uses correct continuation indent. ([#1562](https://github.com/diffplug/spotless/pull/1562))
+### Changes
+* Bump default `ktfmt` version to latest `0.42` -> `0.43` ([#1561](https://github.com/diffplug/spotless/pull/1561))
 
 ## [2.34.1] - 2023-02-05
 ### Changes
diff --git a/lib/build.gradle b/lib/build.gradle
index 21181cd54b..21255f07fc 100644
--- a/lib/build.gradle
+++ b/lib/build.gradle
@@ -72,7 +72,7 @@ dependencies {
 	jacksonCompileOnly 'com.fasterxml.jackson.core:jackson-databind:2.14.1'
 	jacksonCompileOnly 'com.fasterxml.jackson.dataformat:jackson-dataformat-yaml:2.14.1'
 
-	String VER_KTFMT = '0.42'
+	String VER_KTFMT = '0.43'
 	ktfmtCompileOnly "com.facebook:ktfmt:$VER_KTFMT"
 	String VER_KTLINT_GOOGLE_JAVA_FORMAT = '1.7' // for JDK 8 compatibility
 	ktfmtCompileOnly("com.google.googlejavaformat:google-java-format") {
diff --git a/lib/src/main/java/com/diffplug/spotless/kotlin/KtfmtStep.java b/lib/src/main/java/com/diffplug/spotless/kotlin/KtfmtStep.java
index b6f7a533eb..d6a20bc5b3 100644
--- a/lib/src/main/java/com/diffplug/spotless/kotlin/KtfmtStep.java
+++ b/lib/src/main/java/com/diffplug/spotless/kotlin/KtfmtStep.java
@@ -39,7 +39,7 @@ public class KtfmtStep {
 	// prevent direct instantiation
 	private KtfmtStep() {}
 
-	private static final String DEFAULT_VERSION = "0.42";
+	private static final String DEFAULT_VERSION = "0.43";
 	static final String NAME = "ktfmt";
 	static final String PACKAGE = "com.facebook";
 	static final String MAVEN_COORDINATE = PACKAGE + ":ktfmt:";
diff --git a/plugin-gradle/CHANGES.md b/plugin-gradle/CHANGES.md
index 5148a11e10..8cba44831d 100644
--- a/plugin-gradle/CHANGES.md
+++ b/plugin-gradle/CHANGES.md
@@ -9,6 +9,8 @@ We adhere to the [keepachangelog](https://keepachangelog.com/en/1.0.0/) format (
 * Allow multiple instances of the same npm-based formatter to be used simultaneously. E.g. use prettier for typescript
   *and* Java (using the community prettier-plugin-java) without messing up their respective `node_module` dependencies. ([#1565](https://github.com/diffplug/spotless/pull/1565))
 * `ktfmt` default style uses correct continuation indent. ([#1562](https://github.com/diffplug/spotless/pull/1562))
+### Changes
+* Bump default `ktfmt` version to latest `0.42` -> `0.43` ([#1561](https://github.com/diffplug/spotless/pull/1561))
 
 ## [6.14.1] - 2023-02-05
 ### Fixed
diff --git a/plugin-maven/CHANGES.md b/plugin-maven/CHANGES.md
index 8600825903..035520076d 100644
--- a/plugin-maven/CHANGES.md
+++ b/plugin-maven/CHANGES.md
@@ -9,6 +9,8 @@ We adhere to the [keepachangelog](https://keepachangelog.com/en/1.0.0/) format (
 * Allow multiple instances of the same npm-based formatter to be used simultaneously. E.g. use prettier for typescript
   *and* Java (using the community prettier-plugin-java) without messing up their respective `node_module` dependencies. ([#1565](https://github.com/diffplug/spotless/pull/1565))
 * `ktfmt` default style uses correct continuation indent. ([#1562](https://github.com/diffplug/spotless/pull/1562))
+### Changes
+* Bump default `ktfmt` version to latest `0.42` -> `0.43` ([#1561](https://github.com/diffplug/spotless/pull/1561))
 
 ## [2.32.0] - 2023-02-05
 ### Added