Export limit - BI Report to Excel file

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Is there a row limit when exporting data via the BI Reporting tool? I seem to have 65,000 rows in my head but I'm not sure if that's the correct number. In this specific case, I'm seeing to generate User Reports by the calendar year. The closer I get to the present day, the larger the files should logically be. If there is a cap, I can break my files down into quarterly splits.