We have a term set named Customer and we have a managed metadata site column named "mmcustomer" which allow multiple selection linked to the customer term set:-
and inside our document library which contains around 8,000 documents in the root folder >> i defined the following filter inside the list view to filter based on the non-indexed column :-
now there is at-least 6,000 documents with "mmcusomters" = "CustomerC".. so i thought that the list view will raise a threshold error.. but till now i am able to view the list view without any issues.. so has the threshold inside SharePoint online improved ? to be more than 5000 ? or what is happening ? as the "mmcustomers" site column can not be indexed since it allow multiple selection..