diff --git a/CHANGES.md b/CHANGES.md
index c1e3d9d101..d64b8861da 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -11,7 +11,8 @@ We adhere to the [keepachangelog](https://keepachangelog.com/en/1.0.0/) format (
 
 ## [Unreleased]
 ### Changes
-* Use palantir-java-format 2.38.0 on Java 21. ([#1920](https://github.com/diffplug/spotless/pull/1920))
+* Use palantir-java-format `2.38.0` on Java 21. ([#1920](https://github.com/diffplug/spotless/pull/1920))
+* Bump default `ktfmt` version to latest `0.44` -> `0.46`. ([#1927](https://github.com/diffplug/spotless/pull/1927))
 * Bump default `googleJavaFormat` version to latest `1.17.0` -> `1.18.1`. ([#1920](https://github.com/diffplug/spotless/pull/1920))
 
 ## [2.43.0] - 2023-11-27
diff --git a/lib/build.gradle b/lib/build.gradle
index 2963036b2e..475c226a81 100644
--- a/lib/build.gradle
+++ b/lib/build.gradle
@@ -92,7 +92,7 @@ dependencies {
 	jacksonCompileOnly "com.fasterxml.jackson.core:jackson-databind:$VER_JACKSON"
 	jacksonCompileOnly "com.fasterxml.jackson.dataformat:jackson-dataformat-yaml:$VER_JACKSON"
 	// ktfmt
-	ktfmtCompileOnly "com.facebook:ktfmt:0.44"
+	ktfmtCompileOnly "com.facebook:ktfmt:0.46"
 	ktfmtCompileOnly("com.google.googlejavaformat:google-java-format") {
 		version {
 			strictly '1.7' // for JDK 8 compatibility
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 098f68d5bd..cf9a2dd231 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 = "0.44";
+	private static final String DEFAULT_VERSION = "0.46";
 	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 5fd3e2ae8b..9071ed2bbf 100644
--- a/plugin-gradle/CHANGES.md
+++ b/plugin-gradle/CHANGES.md
@@ -4,13 +4,14 @@ We adhere to the [keepachangelog](https://keepachangelog.com/en/1.0.0/) format (
 
 ## [Unreleased]
 ### Changes
-* Use palantir-java-format 2.38.0 on Java 21. ([#1920](https://github.com/diffplug/spotless/pull/1920))
-* Bump default `googleJavaFormat` version to latest `1.17.0` -> `1.18.1`. ([#1920](https://github.com/diffplug/spotless/pull/1920))
-### Fixed
-* Make `KtfmtConfig.ConfigurableStyle#configure` public. ([#1926](https://github.com/diffplug/spotless/pull/1926))
 * **BREAKING CHANGE** `6.23.0` made breaking changes to the ABI of the `KotlinExtension` and `GroovyExtension`. Those are reflected retroactively now.
   - Previously, we had done semver on the Gradle plugin based only on buildscript compatibility.
   - From now on, we will consider ABI for the benefit of convention-based plugins.
+* Bump default `googleJavaFormat` version to latest `1.17.0` -> `1.18.1`. ([#1920](https://github.com/diffplug/spotless/pull/1920))
+* Bump default `ktfmt` version to latest `0.44` -> `0.46`. ([#1927](https://github.com/diffplug/spotless/pull/1927))
+* Use palantir-java-format 2.38.0 on Java 21. ([#1920](https://github.com/diffplug/spotless/pull/1920))
+### Fixed
+* Make `KtfmtConfig.ConfigurableStyle#configure` public. ([#1926](https://github.com/diffplug/spotless/pull/1926))
 
 ## [6.23.2] - 2023-12-01
 ### Fixed
diff --git a/plugin-maven/CHANGES.md b/plugin-maven/CHANGES.md
index 2880df029b..1160517f6f 100644
--- a/plugin-maven/CHANGES.md
+++ b/plugin-maven/CHANGES.md
@@ -4,7 +4,8 @@ We adhere to the [keepachangelog](https://keepachangelog.com/en/1.0.0/) format (
 
 ## [Unreleased]
 ### Changes
-* Use palantir-java-format 2.38.0 on Java 21. ([#1920](https://github.com/diffplug/spotless/pull/1920))
+* Use palantir-java-format `2.38.0` on Java 21. ([#1920](https://github.com/diffplug/spotless/pull/1920))
+* Bump default `ktfmt` version to latest `0.44` -> `0.46`. ([#1927](https://github.com/diffplug/spotless/pull/1927))
 * Bump default `googleJavaFormat` version to latest `1.17.0` -> `1.18.1`. ([#1920](https://github.com/diffplug/spotless/pull/1920))
 ### Fixed
 * Revert [#1846](https://github.com/diffplug/spotless/issues/1846) from 2.41.0 which causes the plugin to format generated sources in the `target` directory. ([#1928](https://github.com/diffplug/spotless/pull/1928))