Latest Magento Version: Key Benefits of 2.4.7

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Latest Magento Version
Posted in: Magento 2 Guides

Magento has been growing and improving since 2008. Before and after the platform’s famous acquisition by Adobe, businesses have gone through multiple Magento updates, with each Magento version aiming to make e-commerce simpler and more efficient.

Types of Magento Releases

While all Magento versions certainly bring something new to the table, some releases do it more and require more urgent attention than others.   

  • Major releases – They bring large changes including new features. With major releases, the second number in the version changes (e.g. 2.3 to 2.4) and system requirements may be updated.
  • Minor releases – These are smaller updates that still significantly improve performance and fix various issues. Minor releases change the final digit in the version number (e.g. 2.4.2 to 2.4.3.)
  • Beta version releases – Beta versions are typically not released to the general public but can be explored by tech enthusiasts. Their goal is to give developers additional time to review code and affected components. Both major and minor releases can be in beta before a public release.
  • Security patch releases – Patches are released upon the discovery of security issues and aim to address specific vulnerabilities. They add ‘-p#’ after the release number (e.g. 2.4.5-p1)
  • Quality patch releases – These releases only improve overall system reliability and the user experience, including accessibility and data privacy compliance.

What is the Latest Magento Version?

The latest version of Magento is 2.4.7, released on April 8, 2024. The new version enhances Magento security, supports new payment and shipping methods, improves GraphQL capabilities, optimizes support for key technologies, as well as addresses hundreds of previously discovered bugs.

Do you need to rush and upgrade Magento 2.4 to the latest version? If you’re on the latest stable version* – then not necessarily. Your version will still be supported for almost 2 years. Besides, 2.4.7 was still in beta not so long ago and can be unstable. To minimize any negative impact on your business, Amasty experts advise waiting a few weeks or even months before performing a Magento upgrade.

*The previous – or latest stable Magento version – Magento 2.4.6 was released on March 14, 2023. 

We do recommend planning your Magento upgrade ahead of time, though.
Reach out to our experts to book a slot in our already quite busy upgrade schedule!

Magento Version History: Release and Support End Dates

If you’re not on the latest stable minor version, Magento 2.4.6, you should take the idea of your Magento 2 upgrade seriously. With each new version release, yours is getting more deprecated and unsupported. 

Take a look at the history of Adobe versions and pay attention to the End Support Date column.

Release Name

Release Date

End Support Date


April 9, 2024

April 9, 2027


March 14, 2023

March 14, 2026


August 9, 2022

August 9, 2025


April 12, 2022

April 24, 2025


July 28, 2020

November 28, 2022


November 28, 2018

September 8, 2022


September 26, 2017

December 1, 2019


June 23, 2016

June 30, 2019


November 17, 2015

March 31, 2018

Magento 2.4.7: Key Benefits

According to the latest Magento release notes, 2.4.7 introduces quite a few significant improvements. Let’s quickly review what they mean to your sales & tech teams and why they'd be delighted to move to the newest release.


GraphQL functionality in Magento 2.4.7 has been improved drastically. When upgraded, your Magento’s caching, speed, integrations, and performance capabilities will see a noticeable boost.

  • Easier Cart Management – The new createGuestCart feature allows you to create carts specifically for guests. You can also now clear the contents of certain shopping carts with a single action.
  • Order Cancelation – Customers can now initiate order cancelation and attach specified reasons to the cancelation, helping you reduce customer service workload.
  • Faster Page Load Speeds – Thanks to optimized parser requests and cacheable queries, your website sports faster and smoother performance, especially during high-traffic periods.
  • Enhanced Product Presentation – Order history views now include product images, providing a visually appealing shopping experience for customers.

Payment Processing

Magento’s built-in Braintree payment system has seen several upgrades that focus on helping businesses improve conversion rates by endorsing customers’ ‘impulsive purchasing’ habits.

  • Express Payment Buttons at Checkout – Magento 2.4.7 offers more express pay options at the start of checkout, including PayPal, PayPal Pay Later, Apple Pay, and Google Pay.
  • Apple Pay, Venmo, ACH – Logged-in customers can now store their payment accounts’ data for future use, reducing checkout steps.
  • PayPal – Logged-in customers who have previously stored their PayPal account can now store new credit/debit cards and PayPal accounts in the Customer account area. They can also use PayPal Pay Later, PayPal Credit, and Pay Now via default card, a different funding source, or a different account. 
  • Google Pay – Logged-in customers can now store their Google Pay payments for future use, streamlining checkout. The New Magento version also features 3DS verification support for Google Pay non-tokenized cards.


Magento 2.4.7 introduces enhanced support for America’s most popular shipping carriers and their up-to-date shipping methods.

  • UPS – Commerce UPS XML API gateway migrated to Commerce UPS REST API, supporting its security model update to OAuth 2.0 with bearer tokens.
  • FedEx – 2.4.7 supports the latest FedEx RESTful APIs. FedEx Web Services Tracking, Address Validation, and Validate Postal Codes WSDLS will be retired in May 2024.
  • USPS – The new USPS Ground Advantage shipping method is now supported, replacing retired shipping methods (USPS Retail Ground, First-Class Package Service, and Parcel Select Ground). The integration enables retrieval of shipping rates and scheduling deliveries and returns.
  • Temando – Temando shipping modules were removed from the Magento core code base. 


Magento's latest release integrates security fixes from Adobe Commerce patch releases 2.4.6-p5, 2.4.5-p7, and 2.4.4-p8 and recommends additional Admin panel protection methods such as IP allowlisting, two-factor authentication, and VPN usage to enhance security. Other important security improvements include:

  • Cache Key Behavior Changes – Cache keys for blocks now have distinct prefixes and character limitations.
  • Coupon Code Generation Limits Auto-generated coupon codes are now capped at 250,000 by default.
  • Admin URL Optimization – Default Admin URLs are now more randomized for increased security.
  • Full-Page Cache Configuration – You now can control API request limits to mitigate potential risks.
  • Rate Limiting for REST and GraphQL APIs – Protection against carding attacks has been strengthened with native rate limiting.

What's more, 2.4.7 overcomes limitations in the REST API GET and POST V1/products/attributes by introducing two new REST endpoints. They provide an effective workaround for issues related to the is_filterable attribute, offering developers more flexibility in attribute management.

Technology Compatibility

Magento 2.4.7 is fully compatible with PHP 8.3 and PHP 8.2 (until the latter’s EOS in 12/2025). The new version also ensures full compatibility* with:

*Please mind that backward compatibility with the earlier versions of the tools below may not be possible.

  • Composer 2.7.x
  • RabbitMQ 3.13
  • Varnish Cache 7.4
  • Redis 7.2
  • Elasticsearch 8.11
  • OpenSearch 1.3 and 2.12
  • PWA Studio v14.0  

Some other notable tech updates include:

  • Replacement of the extjs library with the latest version of jsTree.
  • Removal of the jquery/fileUpload library.
  • Upgrades of all JavaScript libraries and NPM dependencies.
  • Updates of all Laminas library dependencies to the latest version compatible with PHP 8.3.

Bug Fixes

According to Adobe’s release notes, version 2.4.7 features over 400 bug fixes across various areas of Magento functionality. These bugs, while not severe and not resulting in any incidents, were related to installation/deployment, cart and checkout, inventory management, payments, reCAPTCHA, the Web API framework, and other aspects of the platform.

How to Check Your Magento Version

It’s perfectly okay to be unsure what Magento version you currently have installed. You can check it on your store in one of the four simple ways.

1. Web Browser

The easiest way to check which iteration you’re using is to add "/magento_version" to the domain name in your web browser. The downside of this method is that oftentimes you'll only be able to see the minor release version (such as 2.4), and you won't get the patch release number, such as 2.4.3 or 2.4.2-p1.

2. Admin Panel

Using the admin panel is another easy way to check which Magento version you have. Simply navigate to the bottom right corner of the footer on the Dashboard screen and you'll see a string of numbers above the Privacy Policy and Report an Issue. This method will give you the minor release version and the patch release.

3. Command Line Interface

You can also see your current Magento version by using the command line interface (CLI). Navigate to the Magento root directory and type "$ bin/magento --version". The response will include the complete version number, including a patch release.

4. Composer.json file

If you are the filesystem owner, you can also check Magento versions using the composer.json file. Log into the server as the filesystem owner and go to the Magento root directory. Input "$ cat composer.json" and you’ll see the full Magento version number in the file contents.

Magento Release Schedule for 2024

Finally, let’s look not so far into the future of Magento releases. This year doesn’t hold any major upgrades but Adobe does plan to roll out a few security and quality patches throughout the year.



Patch Releases

B2B features (e.g., enhancements and bug fixes for B2B extension)

Extensibility tools (e.g., Admin UI SDK)

Infrastructure enhancements (e.g., Cloud Tools Suite for Commerce)

June 11, 2024

2.4.7-p1, 2.4.6-p6, 2.4.5-p8, 2.4.4-p9

August 13, 2024

2.4.7-p2, 2.4.6-p7, 2.4.5-p9, 2.4.4-p10

October 8, 2024

2.4.8-beta1, 2.4.7-p3, 2.4.6-p8, 2.4.5-p10, 2.4.4-p11

Magento 2.4.8 beta 1 will be in the works until October. Mind that – judging by this schedule – this minor version most likely won’t become available to the general public until Q3 2025 or even later.

To Update or Not To Update?

You might be skeptical about having to update your Magento every year or two and would rather skip a release or wait for a major release instead. However, as you can see from the release note highlights that we’ve summarized in the Benefits section, minor releases introduce significant improvements. What’s more, minor releases are only supported for a limited period.

Even a few quarters is a large time frame for any e-commerce business. You can spend them with your current features – or get enhanced payment, new shipping method integration, faster caching & performance, and more perks of 2.4.7. The choice is yours to make!

April 15, 2024
April 10, 2024
April 10, 2024
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