diff --git a/.changeset/true-impalas-behave.md b/.changeset/true-impalas-behave.md
new file mode 100644
index 000000000..b1d452bd4
--- /dev/null
+++ b/.changeset/true-impalas-behave.md
@@ -0,0 +1,5 @@
+---
+'@tanstack/form-core': patch
+---
+
+fix race condition when listening to multiple Fields in onChangeListenTo
diff --git a/packages/form-core/src/FieldApi.ts b/packages/form-core/src/FieldApi.ts
index b1125ea09..86c976e79 100644
--- a/packages/form-core/src/FieldApi.ts
+++ b/packages/form-core/src/FieldApi.ts
@@ -1373,6 +1373,38 @@ export class FieldApi<
     return { hasErrored }
   }
 
+  /**
+   * `@private`
+   * Starts tracking an async validation, incrementing the counter and setting isValidating if needed.
+   */
+  private startValidation() {
+    this.setMeta((prev) => {
+      const newCount = (prev._pendingValidationsCount) + 1
+      return {
+        ...prev,
+        _pendingValidationsCount: newCount,
+        isValidating:
+          newCount > 0 && !prev.isValidating ? true : prev.isValidating,
+      }
+    })
+  }
+
+  /**
+   * `@private`
+   * Ends tracking an async validation, decrementing the counter and clearing isValidating if no validations remain.
+   */
+  private endValidation() {
+    this.setMeta((prev) => {
+      const newCount = Math.max(0, (prev._pendingValidationsCount) - 1)
+      return {
+        ...prev,
+        _pendingValidationsCount: newCount,
+        isValidating:
+          newCount === 0 && prev.isValidating ? false : prev.isValidating,
+      }
+    })
+  }
+
   /**
    * @private
    */
@@ -1436,19 +1468,22 @@ export class FieldApi<
     // Check if there are actual async validators to run before setting isValidating
     // This prevents unnecessary re-renders when there are no async validators
     // See: https://github.com/TanStack/form/issues/1130
-    const hasAsyncValidators =
-      validates.some((v) => v.validate) ||
-      linkedFieldValidates.some((v) => v.validate)
+    const hasAsyncValidators = validates.some((v) => v.validate)
+    const linkedFieldsWithAsyncValidators = Array.from(
+      new Set(
+        linkedFieldValidates.filter((v) => v.validate).map((v) => v.field),
+      ),
+    )
 
-    if (hasAsyncValidators) {
-      if (!this.state.meta.isValidating) {
-        this.setMeta((prev) => ({ ...prev, isValidating: true }))
+    batch(() => {
+      if (hasAsyncValidators) {
+        this.startValidation()
       }
 
-      for (const linkedField of linkedFields) {
-        linkedField.setMeta((prev) => ({ ...prev, isValidating: true }))
+      for (const linkedField of linkedFieldsWithAsyncValidators) {
+        linkedField.startValidation()
       }
-    }
+    })
 
     const validateFieldAsyncFn = (
       field: AnyFieldApi,
@@ -1473,6 +1508,7 @@ export class FieldApi<
             rawError = await new Promise((rawResolve, rawReject) => {
               if (field.timeoutIds.validations[validateObj.cause]) {
                 clearTimeout(field.timeoutIds.validations[validateObj.cause]!)
+                field.endValidation()
               }
 
               field.timeoutIds.validations[validateObj.cause] = setTimeout(
@@ -1560,13 +1596,15 @@ export class FieldApi<
     }
 
     // Only reset isValidating if we set it to true earlier
-    if (hasAsyncValidators) {
-      this.setMeta((prev) => ({ ...prev, isValidating: false }))
+    batch(() => {
+      if (hasAsyncValidators) {
+        this.endValidation()
+      }
 
-      for (const linkedField of linkedFields) {
-        linkedField.setMeta((prev) => ({ ...prev, isValidating: false }))
+      for (const linkedField of linkedFieldsWithAsyncValidators) {
+        linkedField.endValidation()
       }
-    }
+    })
 
     return results.filter(Boolean)
   }
diff --git a/packages/form-core/src/FormApi.ts b/packages/form-core/src/FormApi.ts
index 5c9de3c1c..a38c5ff2f 100644
--- a/packages/form-core/src/FormApi.ts
+++ b/packages/form-core/src/FormApi.ts
@@ -1143,6 +1143,7 @@ export class FormApi<
             isBlurred: false,
             isDirty: false,
             _arrayVersion: 0,
+            _pendingValidationsCount: 0,
             ...(existingFieldMeta ?? {}),
             errorSourceMap: {
               ...(existingFieldMeta?.['errorSourceMap'] ?? {}),
diff --git a/packages/form-core/src/metaHelper.ts b/packages/form-core/src/metaHelper.ts
index 9f5bdafc0..bab8a0630 100644
--- a/packages/form-core/src/metaHelper.ts
+++ b/packages/form-core/src/metaHelper.ts
@@ -20,6 +20,7 @@ export const defaultFieldMeta: AnyFieldLikeMeta = {
   errorMap: {},
   errorSourceMap: {},
   _arrayVersion: 0,
+  _pendingValidationsCount: 0,
 }
 
 export function metaHelper<
diff --git a/packages/form-core/src/types.ts b/packages/form-core/src/types.ts
index 62513afc2..c37ae8aab 100644
--- a/packages/form-core/src/types.ts
+++ b/packages/form-core/src/types.ts
@@ -554,6 +554,16 @@ export type FieldLikeMetaBase<
    */
   isValidating: boolean
 
+  /**
+   * @private
+   * Counter for tracking active async validations to prevent race conditions
+   * when multiple validations finish at the same time.
+   *
+   * NOTE: This field is intentionally internal (prefixed with `_`) and is not
+   * part of the public API — do not read or rely on it from external code.
+   */
+  _pendingValidationsCount: number
+
   /**
    * @private a counter that is incremented every time a structural array
    * operation (push, insert, remove, swap, move, replace, clear) modifies
diff --git a/packages/form-core/tests/FieldApi.spec.ts b/packages/form-core/tests/FieldApi.spec.ts
index 411885ce0..b74ce06b0 100644
--- a/packages/form-core/tests/FieldApi.spec.ts
+++ b/packages/form-core/tests/FieldApi.spec.ts
@@ -66,6 +66,7 @@ describe('field api', () => {
       errorMap: {},
       errorSourceMap: {},
       _arrayVersion: 0,
+      _pendingValidationsCount: 0,
     })
   })
 
diff --git a/packages/form-core/tests/FormApi.spec.ts b/packages/form-core/tests/FormApi.spec.ts
index 092d0ed6c..dc87ffca1 100644
--- a/packages/form-core/tests/FormApi.spec.ts
+++ b/packages/form-core/tests/FormApi.spec.ts
@@ -3031,6 +3031,69 @@ describe('form api', () => {
     expect(passconfirmField.state.meta.errors.length).toBe(0)
   })
 
+  it('should not leave linked fields stuck in isValidating when multiple setValue calls trigger concurrent async validation', async () => {
+    vi.useFakeTimers()
+    const validationFn = vi.fn()
+
+    const form = new FormApi({
+      defaultValues: {
+        street: '',
+        houseNo: '',
+        zipCode: '',
+        city: '',
+      },
+    })
+
+    form.mount()
+
+    const street = new FieldApi({
+      form,
+      name: 'street',
+      validators: {
+        onChangeListenTo: ['houseNo', 'zipCode', 'city'],
+        onChangeAsyncDebounceMs: 300,
+        onChangeAsync: async () => {
+          await sleep(500)
+          await validationFn()
+          return undefined
+        },
+      },
+    })
+    const houseNo = new FieldApi({ form, name: 'houseNo' })
+    const zipCode = new FieldApi({ form, name: 'zipCode' })
+    const city = new FieldApi({ form, name: 'city' })
+
+    street.mount()
+    houseNo.mount()
+    zipCode.mount()
+    city.mount()
+
+    // Simulate browser autofill: all fields set in rapid succession
+    street.setValue('Foo Street')
+    houseNo.setValue('2')
+    zipCode.setValue('12345')
+    city.setValue('Barrington')
+
+    // Run debounce + async validation
+    try {
+      await vi.runAllTimersAsync()
+
+      expect.soft(validationFn).toHaveBeenCalledTimes(1)
+
+      expect.soft(street.getMeta().isValidating).toBe(false)
+      expect.soft(houseNo.getMeta().isValidating).toBe(false)
+      expect.soft(zipCode.getMeta().isValidating).toBe(false)
+      expect.soft(city.getMeta().isValidating).toBe(false)
+
+      expect.soft(form.state.isFieldsValidating).toBe(false)
+      expect.soft(form.state.isFieldsValid).toBe(true)
+      expect.soft(form.state.isValid).toBe(true)
+      expect.soft(form.state.canSubmit).toBe(true)
+    } finally {
+      vi.useRealTimers()
+    }
+  })
+
   it("should set field errors from the form's onMount validator", async () => {
     const form = new FormApi({
       defaultValues: {
diff --git a/packages/react-form/tests/onChangeListenTo.adapter.test.tsx b/packages/react-form/tests/onChangeListenTo.adapter.test.tsx
new file mode 100644
index 000000000..79defa0b4
--- /dev/null
+++ b/packages/react-form/tests/onChangeListenTo.adapter.test.tsx
@@ -0,0 +1,149 @@
+import { describe, expect, it, vi } from 'vitest'
+import { fireEvent, render } from '@testing-library/react'
+import { useSelector } from '@tanstack/react-store'
+import { StrictMode } from 'react'
+import { useForm } from '../src/useForm'
+import { sleep } from './utils'
+import type { ReadonlyStore } from '@tanstack/react-store'
+
+function DebugSubscribe({ store }: { store: ReadonlyStore<any> }) {
+  const isFieldsValidating = useSelector(store, (s) => s.isFieldsValidating)
+  return (
+    <span data-testid="isFieldsValidating">{String(isFieldsValidating)}</span>
+  )
+}
+
+describe('React adapter - onChangeListenTo race', () => {
+  it('does not leave linked fields stuck in isValidating when multiple rapid updates occur', async () => {
+    vi.useFakeTimers()
+
+    const validationFn = vi.fn()
+
+    function Comp() {
+      const form = useForm({
+        defaultValues: {
+          street: '',
+          houseNo: '',
+          zipCode: '',
+          city: '',
+        },
+      })
+
+      return (
+        <>
+          <form.Field
+            name="street"
+            validators={{
+              onChangeListenTo: ['houseNo', 'zipCode', 'city'],
+              onChangeAsyncDebounceMs: 300,
+              onChangeAsync: async () => {
+                await sleep(500)
+                validationFn()
+                return undefined
+              },
+            }}
+            children={(field) => (
+              <div>
+                <input
+                  data-testid="street"
+                  value={field.state.value}
+                  onChange={(e) => field.handleChange(e.target.value)}
+                />
+                <span data-testid="street-validating">
+                  {String(field.state.meta.isValidating)}
+                </span>
+              </div>
+            )}
+          />
+
+          <form.Field
+            name="houseNo"
+            children={(field) => (
+              <div>
+                <input
+                  data-testid="houseNo"
+                  value={field.state.value}
+                  onChange={(e) => field.handleChange(e.target.value)}
+                />
+                <span data-testid="houseNo-validating">
+                  {String(field.state.meta.isValidating)}
+                </span>
+              </div>
+            )}
+          />
+
+          <form.Field
+            name="zipCode"
+            children={(field) => (
+              <div>
+                <input
+                  data-testid="zipCode"
+                  value={field.state.value}
+                  onChange={(e) => field.handleChange(e.target.value)}
+                />
+                <span data-testid="zipCode-validating">
+                  {String(field.state.meta.isValidating)}
+                </span>
+              </div>
+            )}
+          />
+
+          <form.Field
+            name="city"
+            children={(field) => (
+              <div>
+                <input
+                  data-testid="city"
+                  value={field.state.value}
+                  onChange={(e) => field.handleChange(e.target.value)}
+                />
+                <span data-testid="city-validating">
+                  {String(field.state.meta.isValidating)}
+                </span>
+              </div>
+            )}
+          />
+
+          <DebugSubscribe store={form.store} />
+        </>
+      )
+    }
+
+    const { getByTestId } = render(
+      <StrictMode>
+        <Comp />
+      </StrictMode>,
+    )
+
+    const street = getByTestId('street') as HTMLInputElement
+    const houseNo = getByTestId('houseNo') as HTMLInputElement
+    const zipCode = getByTestId('zipCode') as HTMLInputElement
+    const city = getByTestId('city') as HTMLInputElement
+
+    // Simulate rapid updates (autofill)
+    fireEvent.change(street, { target: { value: 'Foo Street' } })
+    fireEvent.change(houseNo, { target: { value: '2' } })
+    fireEvent.change(zipCode, { target: { value: '12345' } })
+    fireEvent.change(city, { target: { value: 'Barrington' } })
+
+    // Run debounce + async validation
+    await vi.runAllTimersAsync()
+
+    expect(validationFn).toHaveBeenCalledTimes(1)
+
+    // Verify validation flags are not stuck
+    const isFieldsValidating = getByTestId('isFieldsValidating').textContent
+    const streetValidating = getByTestId('street-validating').textContent
+    const houseValidating = getByTestId('houseNo-validating').textContent
+    const zipValidating = getByTestId('zipCode-validating').textContent
+    const cityValidating = getByTestId('city-validating').textContent
+
+    expect(isFieldsValidating).toBe('false')
+    expect(streetValidating).toBe('false')
+    expect(houseValidating).toBe('false')
+    expect(zipValidating).toBe('false')
+    expect(cityValidating).toBe('false')
+
+    vi.useRealTimers()
+  })
+})