diff --git a/.changelog/3e57e696039c4f37a3062043be81199c.md b/.changelog/3e57e696039c4f37a3062043be81199c.md
new file mode 100644
index 0000000..56c3112
--- /dev/null
+++ b/.changelog/3e57e696039c4f37a3062043be81199c.md
@@ -0,0 +1,4 @@
+---
+type: minor
+---
+Add trailing_dots parameter to templating processor
diff --git a/octodns/processor/templating.py b/octodns/processor/templating.py
index 6436f48..616a715 100644
--- a/octodns/processor/templating.py
+++ b/octodns/processor/templating.py
@@ -23,6 +23,10 @@ class Templating(BaseProcessor):
 
         templating:
           class: octodns.processor.templating.Templating
+          # When `trailing_dots` is disabled, trailing dots are removed from all
+          # built-in variables values who represent a FQDN, like `{zone_name}`
+          # or `{record_fqdn}`. Optional. Default to `True`.
+          trailing_dots: False
           # Any k/v present in context will be passed into the .format method and
           # thus be available as additional variables in the template. This is all
           # optional.
@@ -63,16 +67,24 @@ class Templating(BaseProcessor):
 
     '''
 
-    def __init__(self, id, *args, context={}, **kwargs):
+    def __init__(self, id, *args, trailing_dots=True, context={}, **kwargs):
         super().__init__(id, *args, **kwargs)
+        self.trailing_dots = trailing_dots
         self.context = context
 
     def process_source_zone(self, desired, sources):
         sources = sources or []
+        zone_name = desired.decoded_name
+        zone_decoded_name = desired.decoded_name
+        zone_encoded_name = desired.name
+        if not self.trailing_dots:
+            zone_name = zone_name[:-1]
+            zone_decoded_name = zone_decoded_name[:-1]
+            zone_encoded_name = zone_encoded_name[:-1]
         zone_params = {
-            'zone_name': desired.decoded_name,
-            'zone_decoded_name': desired.decoded_name,
-            'zone_encoded_name': desired.name,
+            'zone_name': zone_name,
+            'zone_decoded_name': zone_decoded_name,
+            'zone_encoded_name': zone_encoded_name,
             'zone_num_records': len(desired.records),
             'zone_source_ids': ', '.join(s.id for s in sources),
             # add any extra context provided to us, if the value is a callable
@@ -85,13 +97,20 @@ class Templating(BaseProcessor):
         }
 
         def build_params(record):
+            record_fqdn = record.decoded_fqdn
+            record_decoded_fqdn = record.decoded_fqdn
+            record_encoded_fqdn = record.fqdn
+            if not self.trailing_dots:
+                record_fqdn = record_fqdn[:-1]
+                record_decoded_fqdn = record_decoded_fqdn[:-1]
+                record_encoded_fqdn = record_encoded_fqdn[:-1]
             return {
                 'record_name': record.decoded_name,
                 'record_decoded_name': record.decoded_name,
                 'record_encoded_name': record.name,
-                'record_fqdn': record.decoded_fqdn,
-                'record_decoded_fqdn': record.decoded_fqdn,
-                'record_encoded_fqdn': record.fqdn,
+                'record_fqdn': record_fqdn,
+                'record_decoded_fqdn': record_decoded_fqdn,
+                'record_encoded_fqdn': record_encoded_fqdn,
                 'record_type': record._type,
                 'record_ttl': record.ttl,
                 'record_source_id': record.source.id if record.source else None,
diff --git a/tests/test_octodns_processor_templating.py b/tests/test_octodns_processor_templating.py
index 761ec06..f959964 100644
--- a/tests/test_octodns_processor_templating.py
+++ b/tests/test_octodns_processor_templating.py
@@ -188,6 +188,50 @@ class TemplatingTest(TestCase):
             mock_template.call_args,
         )
 
+    @patch('octodns.record.TxtValue.template')
+    def test_trailing_dots(self, mock_template):
+        templ = Templating('test', trailing_dots=False)
+
+        zone = Zone('unit.tests.', [])
+        record_source = DummySource('record')
+        txt = Record.new(
+            zone,
+            'txt',
+            {
+                'type': 'TXT',
+                'ttl': 42,
+                'value': 'There are {zone_num_records} record(s) in {zone_name}.',
+            },
+            source=record_source,
+        )
+        zone.add_record(txt)
+
+        templ.process_source_zone(
+            zone, sources=[record_source, DummySource('other')]
+        )
+        mock_template.assert_called_once()
+        self.assertEqual(
+            call(
+                {
+                    'record_name': 'txt',
+                    'record_decoded_name': 'txt',
+                    'record_encoded_name': 'txt',
+                    'record_fqdn': 'txt.unit.tests',
+                    'record_decoded_fqdn': 'txt.unit.tests',
+                    'record_encoded_fqdn': 'txt.unit.tests',
+                    'record_type': 'TXT',
+                    'record_ttl': 42,
+                    'record_source_id': 'record',
+                    'zone_name': 'unit.tests',
+                    'zone_decoded_name': 'unit.tests',
+                    'zone_encoded_name': 'unit.tests',
+                    'zone_num_records': 1,
+                    'zone_source_ids': 'record, other',
+                }
+            ),
+            mock_template.call_args,
+        )
+
     def test_context(self):
         templ = Templating(
             'test',