diff --git a/.changelog/11507.txt b/.changelog/11507.txt
new file mode 100644
index 0000000000..e26ec07e50
--- /dev/null
+++ b/.changelog/11507.txt
@@ -0,0 +1,3 @@
+```release-note:improvement
+version: Improved performance of the version.GetHumanVersion function by 50% on memory allocation.
+```
\ No newline at end of file
diff --git a/version/version.go b/version/version.go
index 003d9fc448..13229b3394 100644
--- a/version/version.go
+++ b/version/version.go
@@ -1,7 +1,6 @@
 package version
 
 import (
-	"fmt"
 	"strings"
 )
 
@@ -29,9 +28,10 @@ func GetHumanVersion() string {
 	release := VersionPrerelease
 
 	if release != "" {
-		if !strings.HasSuffix(version, "-"+release) {
+		suffix := "-" + release
+		if !strings.HasSuffix(version, suffix) {
 			// if we tagged a prerelease version then the release is in the version already
-			version += fmt.Sprintf("-%s", release)
+			version += suffix
 		}
 	}
 
diff --git a/version/version_test.go b/version/version_test.go
new file mode 100644
index 0000000000..a7afb7dbc2
--- /dev/null
+++ b/version/version_test.go
@@ -0,0 +1,11 @@
+package version
+
+import (
+	"testing"
+)
+
+func BenchmarkGetHumanVersion(b *testing.B) {
+	for i := 0; i < b.N; i++ {
+		GetHumanVersion()
+	}
+}