diff --git a/pageserver/src/walingest.rs b/pageserver/src/walingest.rs
index 5a6f9a590f..93d1dcab35 100644
--- a/pageserver/src/walingest.rs
+++ b/pageserver/src/walingest.rs
@@ -1363,16 +1363,22 @@ impl WalIngest {
             self.checkpoint.nextMultiOffset = xlrec.moff + xlrec.nmembers;
             self.checkpoint_modified = true;
         }
-        let max_mbr_xid = xlrec.members.iter().fold(0u32, |acc, mbr| {
-            if mbr.xid.wrapping_sub(acc) as i32 > 0 {
-                mbr.xid
+        let max_mbr_xid = xlrec.members.iter().fold(None, |acc, mbr| {
+            if let Some(max_xid) = acc {
+                if mbr.xid.wrapping_sub(max_xid) as i32 > 0 {
+                    Some(mbr.xid)
+                } else {
+                    acc
+                }
             } else {
-                acc
+                Some(mbr.xid)
             }
         });
 
-        if self.checkpoint.update_next_xid(max_mbr_xid) {
-            self.checkpoint_modified = true;
+        if let Some(max_xid) = max_mbr_xid {
+            if self.checkpoint.update_next_xid(max_xid) {
+                self.checkpoint_modified = true;
+            }
         }
         Ok(())
     }
diff --git a/test_runner/regress/test_next_xid.py b/test_runner/regress/test_next_xid.py
index da2580dbf9..e880445c4d 100644
--- a/test_runner/regress/test_next_xid.py
+++ b/test_runner/regress/test_next_xid.py
@@ -203,6 +203,16 @@ def test_import_at_2bil(
         $$;
         """
     )
+
+    # Also create a multi-XID with members past the 2 billion mark
+    conn2 = endpoint.connect()
+    cur2 = conn2.cursor()
+    cur.execute("INSERT INTO t VALUES ('x')")
+    cur.execute("BEGIN; select * from t WHERE t = 'x' FOR SHARE;")
+    cur2.execute("BEGIN; select * from t WHERE t = 'x' FOR SHARE;")
+    cur.execute("COMMIT")
+    cur2.execute("COMMIT")
+
     # A checkpoint writes a WAL record with xl_xid=0. Many other WAL
     # records would have the same effect.
     cur.execute("checkpoint")
@@ -217,4 +227,4 @@ def test_import_at_2bil(
     conn = endpoint.connect()
     cur = conn.cursor()
     cur.execute("SELECT count(*) from t")
-    assert cur.fetchone() == (10000 + 1,)
+    assert cur.fetchone() == (10000 + 1 + 1,)