Of course and this shouldn't be news to all especially now. It's been so since Win10 original 2015 initial release.
They even have a thing called "branch readiness" which if I explain in a gist is that any release which made public is deemed "stable" is for CONSUMERS (non-business users) ONLY.
After 6 months or when the next version is released (whichever is earlier) the previous version is deemed stable for business and enterprise users.
So for example now Win11 v21H2 is deemed stable for business users since the latest is v22H2. Business IT admins can deploy it using WSUS if needed.
All of this applies to Office releases as well but even more deeply as they have much more fine grained update channels for it. Such as monthly, Semi-annually, Annually, Perpetual and more.
Of course being a consumer with retail version you have no control over those options.