diff --git a/mercurial/hook.py b/mercurial/hook.py
--- a/mercurial/hook.py
+++ b/mercurial/hook.py
@@ -158,6 +158,10 @@
     env[b'HG_HOOKNAME'] = name
 
     for k, v in pycompat.iteritems(args):
+        # transaction changes can accumulate MBs of data, so skip it
+        # for external hooks
+        if k == b'changes':
+            continue
         if callable(v):
             v = v()
         if isinstance(v, (dict, list)):
diff --git a/mercurial/localrepo.py b/mercurial/localrepo.py
--- a/mercurial/localrepo.py
+++ b/mercurial/localrepo.py
@@ -2237,6 +2237,7 @@
 
         tr.hookargs[b'txnid'] = txnid
         tr.hookargs[b'txnname'] = desc
+        tr.hookargs[b'changes'] = tr.changes
         # note: writing the fncache only during finalize mean that the file is
         # outdated when running hooks. As fncache is used for streaming clone,
         # this is not expected to break anything that happen during the hooks.
diff --git a/tests/test-hook.t b/tests/test-hook.t
--- a/tests/test-hook.t
+++ b/tests/test-hook.t
@@ -443,7 +443,7 @@
   HG_PENDING=$TESTTMP/a
   
   transaction abort!
-  txnabort Python hook: txnid,txnname
+  txnabort Python hook: changes,txnid,txnname
   txnabort hook: HG_HOOKNAME=txnabort.1
   HG_HOOKTYPE=txnabort
   HG_TXNID=TXN:$ID$