diff --git a/pyiceberg/table/__init__.py b/pyiceberg/table/__init__.py
index 7f1524642b..83d7612a10 100644
--- a/pyiceberg/table/__init__.py
+++ b/pyiceberg/table/__init__.py
@@ -211,6 +211,7 @@ class Transaction:
     _autocommit: bool
     _updates: tuple[TableUpdate, ...]
     _requirements: tuple[TableRequirement, ...]
+    _table_metadata_cache: tuple[TableMetadata, tuple[TableUpdate, ...], TableMetadata] | None
 
     def __init__(self, table: Table, autocommit: bool = False):
         """Open a transaction to stage and commit changes to a table.
@@ -223,10 +224,21 @@ def __init__(self, table: Table, autocommit: bool = False):
         self._autocommit = autocommit
         self._updates = ()
         self._requirements = ()
+        self._table_metadata_cache = None
 
     @property
     def table_metadata(self) -> TableMetadata:
-        return update_table_metadata(self._table.metadata, self._updates)
+        base, updates = self._table.metadata, self._updates
+        # update_table_metadata replays every staged update via model_copy(deep=True);
+        # the cache is keyed on the identity of its inputs so it self-invalidates
+        # whenever _updates is reassigned (tuple += creates a new object) or the
+        # underlying table metadata is refreshed.
+        cached = self._table_metadata_cache
+        if cached is not None and cached[0] is base and cached[1] is updates:
+            return cached[2]
+        result = update_table_metadata(base, updates)
+        self._table_metadata_cache = (base, updates, result)
+        return result
 
     def __enter__(self) -> Transaction:
         """Start a transaction to update the table."""
diff --git a/tests/table/test_init.py b/tests/table/test_init.py
index 0c4ea258f3..630d491a20 100644
--- a/tests/table/test_init.py
+++ b/tests/table/test_init.py
@@ -1766,3 +1766,29 @@ def test_build_large_partition_predicate(table_v2: Table) -> None:
         )
 
     bind(table_v2.metadata.schema(), expr, case_sensitive=True)
+
+
+def test_transaction_table_metadata_cached(table_v2: Table) -> None:
+    """Transaction.table_metadata should not recompute (replay updates via model_copy)
+    on every access while the underlying inputs are unchanged, and must recompute once
+    new updates are staged.
+    """
+    from unittest import mock
+
+    from pyiceberg.table.update import SetPropertiesUpdate, update_table_metadata
+
+    with mock.patch("pyiceberg.table.update_table_metadata", wraps=update_table_metadata) as spy:
+        txn = table_v2.transaction()
+
+        first = txn.table_metadata
+        for _ in range(10):
+            assert txn.table_metadata is first
+        assert spy.call_count == 1, f"expected 1 recompute for repeated reads, got {spy.call_count}"
+
+        txn._stage((SetPropertiesUpdate(updates={"k": "v"}),))
+        second = txn.table_metadata
+        assert second is not first
+        assert second.properties["k"] == "v"
+        for _ in range(10):
+            assert txn.table_metadata is second
+        assert spy.call_count == 2, f"expected 2 recomputes after one staged update, got {spy.call_count}"