diff --git a/src/Controls/src/Core/IndicatorView/IndicatorView.cs b/src/Controls/src/Core/IndicatorView/IndicatorView.cs
index 961d99bb11d3..363a05abcf62 100644
--- a/src/Controls/src/Core/IndicatorView/IndicatorView.cs
+++ b/src/Controls/src/Core/IndicatorView/IndicatorView.cs
@@ -60,10 +60,18 @@ public partial class IndicatorView : TemplatedView, ITemplatedIndicatorView
 
 		static readonly BindableProperty IndicatorLayoutProperty = BindableProperty.Create(nameof(IndicatorLayout), typeof(IBindableLayout), typeof(IndicatorView), null, propertyChanged: TemplateUtilities.OnContentChanged);
 
+		readonly WeakNotifyCollectionChangedProxy _collectionChangedProxy = new();
+		readonly NotifyCollectionChangedEventHandler _collectionChangedEventHandler;
+
 		/// <summary>
 		/// Initializes a new instance of the <see cref="IndicatorView"/> class.
 		/// </summary>
-		public IndicatorView() { }
+		public IndicatorView()
+		{
+			_collectionChangedEventHandler = OnCollectionChanged;
+		}
+
+		~IndicatorView() => _collectionChangedProxy.Unsubscribe();
 
 		/// <summary>
 		/// Gets or sets the shape of the indicators.
@@ -237,11 +245,11 @@ static void UpdateIndicatorLayout(IndicatorView indicatorView, object newValue)
 
 		void ResetItemsSource(IEnumerable oldItemsSource)
 		{
-			if (oldItemsSource is INotifyCollectionChanged oldCollection)
-				oldCollection.CollectionChanged -= OnCollectionChanged;
+			if (oldItemsSource is INotifyCollectionChanged)
+				_collectionChangedProxy.Unsubscribe();
 
 			if (ItemsSource is INotifyCollectionChanged collection)
-				collection.CollectionChanged += OnCollectionChanged;
+				_collectionChangedProxy.Subscribe(collection, _collectionChangedEventHandler);
 
 			OnCollectionChanged(ItemsSource, new NotifyCollectionChangedEventArgs(NotifyCollectionChangedAction.Reset));
 
diff --git a/src/Controls/src/Core/PublicAPI/net-android/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/net-android/PublicAPI.Unshipped.txt
index dddd92d96824..8e12082917ab 100644
--- a/src/Controls/src/Core/PublicAPI/net-android/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/net-android/PublicAPI.Unshipped.txt
@@ -17,6 +17,7 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 override Microsoft.Maui.Controls.Handlers.Items.MauiRecyclerView<TItemsView, TAdapter, TItemsViewSource>.OnAttachedToWindow() -> void
 override Microsoft.Maui.Controls.Handlers.Items.MauiRecyclerView<TItemsView, TAdapter, TItemsViewSource>.OnDetachedFromWindow() -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 ~override Microsoft.Maui.Controls.Handlers.Items.MauiRecyclerView<TItemsView, TAdapter, TItemsViewSource>.OnVisibilityChanged(Android.Views.View changedView, Android.Views.ViewStates visibility) -> void
 override Microsoft.Maui.Controls.Platform.Compatibility.ShellSectionRenderer.OnHiddenChanged(bool hidden) -> void
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
diff --git a/src/Controls/src/Core/PublicAPI/net-ios/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/net-ios/PublicAPI.Unshipped.txt
index 25c1b293624b..0cb5c7ce88b8 100644
--- a/src/Controls/src/Core/PublicAPI/net-ios/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/net-ios/PublicAPI.Unshipped.txt
@@ -13,5 +13,7 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 ~override Microsoft.Maui.Controls.Handlers.Items2.StructuredItemsViewController2<TItemsView>.NumberOfSections(UIKit.UICollectionView collectionView) -> nint
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+override Microsoft.Maui.Controls.Handlers.Items2.StructuredItemsViewController2<TItemsView>.UpdateFlowDirection() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 ~override Microsoft.Maui.Controls.SwipeItems.OnPropertyChanged(string propertyName = null) -> void
 Microsoft.Maui.Controls.Label.~Label() -> void
diff --git a/src/Controls/src/Core/PublicAPI/net-maccatalyst/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/net-maccatalyst/PublicAPI.Unshipped.txt
index 25c1b293624b..0cb5c7ce88b8 100644
--- a/src/Controls/src/Core/PublicAPI/net-maccatalyst/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/net-maccatalyst/PublicAPI.Unshipped.txt
@@ -13,5 +13,7 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 ~override Microsoft.Maui.Controls.Handlers.Items2.StructuredItemsViewController2<TItemsView>.NumberOfSections(UIKit.UICollectionView collectionView) -> nint
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+override Microsoft.Maui.Controls.Handlers.Items2.StructuredItemsViewController2<TItemsView>.UpdateFlowDirection() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 ~override Microsoft.Maui.Controls.SwipeItems.OnPropertyChanged(string propertyName = null) -> void
 Microsoft.Maui.Controls.Label.~Label() -> void
diff --git a/src/Controls/src/Core/PublicAPI/net-tizen/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/net-tizen/PublicAPI.Unshipped.txt
index 5dd193844cfa..2a202a66463f 100644
--- a/src/Controls/src/Core/PublicAPI/net-tizen/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/net-tizen/PublicAPI.Unshipped.txt
@@ -3,5 +3,6 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
 override Microsoft.Maui.Controls.GraphicsView.OnBindingContextChanged() -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 ~override Microsoft.Maui.Controls.SwipeItems.OnPropertyChanged(string propertyName = null) -> void
 Microsoft.Maui.Controls.Label.~Label() -> void
diff --git a/src/Controls/src/Core/PublicAPI/net-windows/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/net-windows/PublicAPI.Unshipped.txt
index e24d5a76d14f..0c3dcf905094 100644
--- a/src/Controls/src/Core/PublicAPI/net-windows/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/net-windows/PublicAPI.Unshipped.txt
@@ -4,6 +4,7 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
 override Microsoft.Maui.Controls.GraphicsView.OnBindingContextChanged() -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 override Microsoft.Maui.Controls.Handlers.Items.CarouselViewHandler.UpdateEmptyViewVisibility() -> void
 ~override Microsoft.Maui.Controls.SwipeItems.OnPropertyChanged(string propertyName = null) -> void
 Microsoft.Maui.Controls.Label.~Label() -> void
diff --git a/src/Controls/src/Core/PublicAPI/net/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/net/PublicAPI.Unshipped.txt
index 5dd193844cfa..2a202a66463f 100644
--- a/src/Controls/src/Core/PublicAPI/net/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/net/PublicAPI.Unshipped.txt
@@ -3,5 +3,6 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
 override Microsoft.Maui.Controls.GraphicsView.OnBindingContextChanged() -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 ~override Microsoft.Maui.Controls.SwipeItems.OnPropertyChanged(string propertyName = null) -> void
 Microsoft.Maui.Controls.Label.~Label() -> void
diff --git a/src/Controls/src/Core/PublicAPI/netstandard/PublicAPI.Unshipped.txt b/src/Controls/src/Core/PublicAPI/netstandard/PublicAPI.Unshipped.txt
index 5dd193844cfa..2a202a66463f 100644
--- a/src/Controls/src/Core/PublicAPI/netstandard/PublicAPI.Unshipped.txt
+++ b/src/Controls/src/Core/PublicAPI/netstandard/PublicAPI.Unshipped.txt
@@ -3,5 +3,6 @@ override Microsoft.Maui.Controls.Shapes.Shape.OnPropertyChanged(string? property
 ~override Microsoft.Maui.Controls.RadioButton.OnPropertyChanged(string propertyName = null) -> void
 override Microsoft.Maui.Controls.GraphicsView.OnBindingContextChanged() -> void
 override Microsoft.Maui.Controls.TitleBar.OnBindingContextChanged() -> void
+Microsoft.Maui.Controls.IndicatorView.~IndicatorView() -> void
 ~override Microsoft.Maui.Controls.SwipeItems.OnPropertyChanged(string propertyName = null) -> void
 Microsoft.Maui.Controls.Label.~Label() -> void
diff --git a/src/Controls/tests/Core.UnitTests/IndicatorViewLayoutTests.cs b/src/Controls/tests/Core.UnitTests/IndicatorViewLayoutTests.cs
index f680aa089e91..611d2b6e4d15 100644
--- a/src/Controls/tests/Core.UnitTests/IndicatorViewLayoutTests.cs
+++ b/src/Controls/tests/Core.UnitTests/IndicatorViewLayoutTests.cs
@@ -1,4 +1,7 @@
+using System;
 using System.Collections.Generic;
+using System.Collections.ObjectModel;
+using System.Threading.Tasks;
 using Xunit;
 
 namespace Microsoft.Maui.Controls.Core.UnitTests
@@ -65,5 +68,23 @@ public void IndicatorLayout_ShouldBeRemovedWhenIndicatorTemplateIsNulled()
 			//Assert
 			Assert.Null(indicatorView.IndicatorLayout);
 		}
+
+		[Fact, Category(TestCategory.Memory)]
+		public async Task IndicatorViewItemsSourceDoesNotLeak()
+		{
+			// A long-lived collection - e.g. a ViewModel's items that is also bound to a
+			// CarouselView - must not keep every IndicatorView it was assigned to alive.
+			var sharedItemsSource = new ObservableCollection<string> { "a", "b", "c" };
+
+			WeakReference weakIndicatorView;
+			{
+				var indicatorView = new IndicatorView();
+				indicatorView.ItemsSource = sharedItemsSource;
+				weakIndicatorView = new WeakReference(indicatorView);
+			}
+
+			Assert.False(await weakIndicatorView.WaitForCollect(), "IndicatorView should not be alive!");
+			GC.KeepAlive(sharedItemsSource);
+		}
 	}
 }