diff --git a/doc/source/whatsnew/index.rst b/doc/source/whatsnew/index.rst
index 8739694c20e33..e546c8c8b80e3 100644
--- a/doc/source/whatsnew/index.rst
+++ b/doc/source/whatsnew/index.rst
@@ -16,6 +16,7 @@ Version 1.2
 .. toctree::
    :maxdepth: 2
 
+   v1.2.5
    v1.2.4
    v1.2.3
    v1.2.2
diff --git a/doc/source/whatsnew/v1.2.4.rst b/doc/source/whatsnew/v1.2.4.rst
index dd74091b64014..433ee37508e66 100644
--- a/doc/source/whatsnew/v1.2.4.rst
+++ b/doc/source/whatsnew/v1.2.4.rst
@@ -30,4 +30,4 @@ Fixed regressions
 Contributors
 ~~~~~~~~~~~~
 
-.. contributors:: v1.2.3..v1.2.4|HEAD
+.. contributors:: v1.2.3..v1.2.4
diff --git a/doc/source/whatsnew/v1.2.5.rst b/doc/source/whatsnew/v1.2.5.rst
new file mode 100644
index 0000000000000..cdfc2e5686b91
--- /dev/null
+++ b/doc/source/whatsnew/v1.2.5.rst
@@ -0,0 +1,48 @@
+.. _whatsnew_125:
+
+What's new in 1.2.5 (May ??, 2021)
+----------------------------------
+
+These are the changes in pandas 1.2.5. See :ref:`release` for a full changelog
+including other versions of pandas.
+
+{{ header }}
+
+.. ---------------------------------------------------------------------------
+
+.. _whatsnew_125.regressions:
+
+Fixed regressions
+~~~~~~~~~~~~~~~~~
+
+-
+-
+
+.. ---------------------------------------------------------------------------
+
+.. _whatsnew_125.bug_fixes:
+
+Bug fixes
+~~~~~~~~~
+
+-
+-
+
+.. ---------------------------------------------------------------------------
+
+.. _whatsnew_125.other:
+
+Other
+~~~~~
+
+-
+-
+
+.. ---------------------------------------------------------------------------
+
+.. _whatsnew_125.contributors:
+
+Contributors
+~~~~~~~~~~~~
+
+.. contributors:: v1.2.4..v1.2.5|HEAD