Hi Shawn,
Backups are created in sets known as backup periods. To help maximize your disk space, Windows Backup backs up all selected folders the first time it runs and then it only backs up files that are new or have been modified since the last backup was made.
Periodically, Windows creates a new, full backup. Each full backup is known as a backup period. When you view your file backups, you see all of the backup periods labeled with date ranges. If you decide to delete file backups, you should always keep the most recent file backup.
The decrease or increase in size of the backup file can have many reasons; it could be due to the programs and data files that you have deleted\added. Also the temporary internet files add to the size of the data files accessed during the period of the backup taken.
For more information on Backup:
Back up and restore: frequently asked questions
What backup settings should I use to maximize my disk space?
Regards,
Syed N – Microsoft Support
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