diff --git a/src/llamafactory/v1/core/base_trainer.py b/src/llamafactory/v1/core/base_trainer.py
index eda95c7693..85bca0b8ed 100644
--- a/src/llamafactory/v1/core/base_trainer.py
+++ b/src/llamafactory/v1/core/base_trainer.py
@@ -31,6 +31,7 @@
 
 import torch
 import torch.nn.functional as F
+from torch.distributed.tensor import DTensor
 
 from ..accelerator.helper import ReduceOp
 from ..accelerator.interface import Dim, DistributedInterface
@@ -279,12 +280,21 @@ def fit(self) -> None:
                     # deepspeed: engine.step() already ran inside backward at the sync boundary
                     grad_norm = self._deepspeed_engine.get_grad_norm()
                 else:
-                    grad_norm = torch.nn.utils.clip_grad_norm_(self.model.parameters(), self.args.max_grad_norm).item()
-
-                    if self.args.dist_config and self.args.dist_config.get("cp_size", 1) > 1:
-                        grad_norm = grad_norm**2
-                        grad_norm = DistributedInterface().all_reduce(grad_norm, op=ReduceOp.SUM, dim=Dim.CP)
-                        grad_norm = grad_norm**0.5
+                    # FSDP2 shards params/grads across the fsdp mesh, so clip_grad_norm_ returns a
+                    # per-rank local shard norm (global / sqrt(shard_size)): reported grad_norm then
+                    # scales as 1/sqrt(dp_size) and the clip coefficient is applied per-shard. Reduce
+                    # to the true global norm first, then clip with it.
+                    grads = [p.grad for p in self.model.parameters() if p.grad is not None]
+                    total_norm = torch.nn.utils.get_total_norm(grads)
+                    if isinstance(total_norm, DTensor):
+                        # full_tensor all-reduces across the fsdp mesh (spans CP under default
+                        # mp_shard=world); a separate CP reduce would over-count by sqrt(cp_size).
+                        total_norm = total_norm.full_tensor()
+                    # pass a Tensor: clip_grads_with_norm_ clamps max_norm / (total_norm + 1e-6).
+                    torch.nn.utils.clip_grads_with_norm_(
+                        self.model.parameters(), self.args.max_grad_norm, total_norm
+                    )
+                    grad_norm = total_norm.item()
 
                     if not torch.isfinite(torch.tensor(grad_norm)):  # type: ignore # pyright: ignore [reportUnknownReturnType]
                         logger.warning_rank0(f"Gradient norm is not finite: {grad_norm}")
diff --git a/src/llamafactory/v1/plugins/model_plugins/parallelization/sequence_parallel.py b/src/llamafactory/v1/plugins/model_plugins/parallelization/sequence_parallel.py
index 8d5073bb48..095379ae40 100644
--- a/src/llamafactory/v1/plugins/model_plugins/parallelization/sequence_parallel.py
+++ b/src/llamafactory/v1/plugins/model_plugins/parallelization/sequence_parallel.py
@@ -90,7 +90,10 @@ def apply_sequence_parallel(model, model_args):
     set_ulysses_sequence_parallel_group(DistributedInterface().get_group(Dim.CP))
 
     try:
-        num_attention_heads, num_key_value_heads = model.config.num_attention_heads, model.config.num_attention_heads
+        num_attention_heads, num_key_value_heads = (
+            model.config.num_attention_heads,
+            model.config.num_key_value_heads,
+        )
     except AttributeError:
         num_attention_heads, num_key_value_heads = (
             model.config.text_config.num_attention_heads,
diff --git a/src/llamafactory/v1/utils/callbacks/logging_callback.py b/src/llamafactory/v1/utils/callbacks/logging_callback.py
index f1674cfbb1..6c6278f09f 100644
--- a/src/llamafactory/v1/utils/callbacks/logging_callback.py
+++ b/src/llamafactory/v1/utils/callbacks/logging_callback.py
@@ -54,7 +54,17 @@ def on_log(
 
         # Human-readable output to stdout
         display_logs = {**logs, "step": state.global_step, "total_steps": state.num_training_steps}
-        parts = ", ".join(f"{k}: {v:.4f}" if isinstance(v, float) else f"{k}: {v}" for k, v in display_logs.items())
+
+        def _fmt(k: str, v) -> str:
+            if not isinstance(v, float):
+                return f"{k}: {v}"
+            # learning_rate is often < 1e-4 (e.g. 1e-5); :.4f would print "0.0000".
+            # Use :.4g so small values show as "1e-05" while 1e-4 still shows "0.0001".
+            if k == "learning_rate":
+                return f"{k}: {v:.4g}"
+            return f"{k}: {v:.4f}"
+
+        parts = ", ".join(_fmt(k, v) for k, v in display_logs.items())
         logger.info_rank0(parts)
 
         # Append to JSONL log file in output_dir