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7-Zip is a open source file archiver with a high compression ratio. The program supports 7z, XZ, BZIP2, GZIP, TAR, ZIP, WIM, ARJ, CAB, CHM, CPIO, CramFS, DEB, DMG, FAT, HFS, ISO, LZH, LZMA, MBR, MSI, NSIS, NTFS, RAR, RPM, SquashFS, UDF, VHD, WIM, XAR, Z. Most of the source code is under the GNU LGPL license. The unRAR code is under a mixed license: GNU LGPL + unRAR restrictions. Check license information here: 7-Zip license.

You can use 7-Zip on any computer, including a computer in a commercial organization. You don’t need to register or pay for 7-Zip.

The main features of 7-Zip are:
High compression ratio in new 7z format with LZMA compression
Compression ratio for ZIP and GZIP formats: 2-10 % better than the ratio provided by PKZip and WinZip
Strong AES-256 encryption in 7z and ZIP formats
Self-extracting capability for 7z format
Integration with Windows Shell
Powerful File Manager
Powerful command line version
Plugin for FAR Manager
Localizations for 74 languages

What’s new in 7-Zip 24.05:
New switch -myv={MMNN} to set decoder compatibility version for 7z archive creating.
{MMNN} is 4-digit number that represents the version of 7-Zip without a dot.
If -myv={MMNN} switch is specified, 7-Zip will only use compression methods that can be decoded by the specified version {MMNN} of 7-Zip and newer versions.
If -myv={MMNN} switch is not specified, -myv=2300 is used, and 7-Zip will only use compression methods that can be decoded by 7-Zip 23.00 and newer versions.
New switch -myfa={FilterID} to allow 7-Zip to use the specified filter method for 7z archive creating.
New switch -myfd={FilterID} to disallow 7-Zip to use the specified filter method for 7z archive creating.
Some bugs were fixed.

7-Zip 24.05 fixes:
The bug was fixed: 7-Zip could not unpack some ZSTD archives.