diff --git a/src/Authentication/Authentication.Loader/GraphAssemblyLoadContext.cs b/src/Authentication/Authentication.Loader/GraphAssemblyLoadContext.cs
index 047356f79e4..d91369525d7 100644
--- a/src/Authentication/Authentication.Loader/GraphAssemblyLoadContext.cs
+++ b/src/Authentication/Authentication.Loader/GraphAssemblyLoadContext.cs
@@ -35,11 +35,14 @@ public sealed class GraphAssemblyLoadContext : AssemblyLoadContext
         };
 
         /// <summary>
-        /// Simple names of the assemblies that make up the shared framework (Trusted Platform Assemblies). These must always
-        /// come from the runtime, never from the module's Dependencies folder: loading e.g. the netstandard build of
-        /// System.Memory.dll into this context would create a second, incompatible ReadOnlyMemory&lt;T&gt; type.
+        /// Maps the simple name of each assembly that makes up the shared framework (Trusted Platform Assemblies) to the
+        /// full path of the runtime copy. These normally come from the runtime, never from the module's Dependencies
+        /// folder: loading e.g. the netstandard build of System.Memory.dll into this context would create a second,
+        /// incompatible ReadOnlyMemory&lt;T&gt; type. The path is retained so the runtime version can be compared against
+        /// the version the module ships, allowing the module's copy to win when it is strictly newer (e.g. the module
+        /// ships a far newer System.Text.Json than the one bundled with PowerShell 7.2/7.4).
         /// </summary>
-        private static readonly HashSet<string> s_trustedPlatformAssemblies = GetTrustedPlatformAssemblies();
+        private static readonly Dictionary<string, string> s_trustedPlatformAssemblies = GetTrustedPlatformAssemblies();
 
         private readonly string _dependencyFolder;
         private readonly string _psEditionDependencyFolder;
@@ -66,16 +69,49 @@ public GraphAssemblyLoadContext(string dependencyFolder, string psEditionDepende
         /// <inheritdoc/>
         protected override Assembly Load(AssemblyName assemblyName)
         {
-            if (s_sharedAssemblyNames.Contains(assemblyName.Name) || s_trustedPlatformAssemblies.Contains(assemblyName.Name))
+            if (s_sharedAssemblyNames.Contains(assemblyName.Name))
             {
                 // Defer to the default context so type identity is preserved across the boundary.
                 return null;
             }
 
             string path = ResolveManagedPath(assemblyName.Name);
+
+            if (s_trustedPlatformAssemblies.TryGetValue(assemblyName.Name, out string runtimePath))
+            {
+                // This is a shared-framework assembly. Normally the runtime copy must win so that types such as
+                // ReadOnlyMemory<T> keep a single identity. However, the module may intentionally ship a newer version
+                // (for example System.Text.Json 10.x against PowerShell 7.2/7.4 which only bundle 6.x/8.x). In that case
+                // the runtime copy cannot satisfy the reference, so prefer the module's assembly when it is strictly newer.
+                if (path == null || !ModuleAssemblyIsNewer(path, runtimePath))
+                {
+                    return null;
+                }
+            }
+
             return path != null ? LoadFromAssemblyPath(path) : null;
         }
 
+        /// <summary>
+        /// Determines whether the assembly the module ships at <paramref name="modulePath"/> has a higher assembly version
+        /// than the runtime copy at <paramref name="runtimePath"/>. When versions cannot be read the runtime copy is
+        /// preferred (returns false) to keep the conservative shared-framework behaviour.
+        /// </summary>
+        private static bool ModuleAssemblyIsNewer(string modulePath, string runtimePath)
+        {
+            try
+            {
+                Version moduleVersion = AssemblyName.GetAssemblyName(modulePath).Version;
+                Version runtimeVersion = AssemblyName.GetAssemblyName(runtimePath).Version;
+                return moduleVersion != null && runtimeVersion != null && moduleVersion > runtimeVersion;
+            }
+            catch
+            {
+                return false;
+            }
+        }
+
+
         /// <inheritdoc/>
         protected override IntPtr LoadUnmanagedDll(string unmanagedDllName)
         {
@@ -115,15 +151,15 @@ private IEnumerable<string> GetNativeCandidates(string unmanagedDllName)
             yield return Path.Combine(_dependencyFolder, fileName);
         }
 
-        private static HashSet<string> GetTrustedPlatformAssemblies()
+        private static Dictionary<string, string> GetTrustedPlatformAssemblies()
         {
-            var result = new HashSet<string>(StringComparer.OrdinalIgnoreCase);
+            var result = new Dictionary<string, string>(StringComparer.OrdinalIgnoreCase);
             if (AppContext.GetData("TRUSTED_PLATFORM_ASSEMBLIES") is string tpa)
             {
                 foreach (string path in tpa.Split(Path.PathSeparator))
                 {
                     if (!string.IsNullOrEmpty(path))
-                        result.Add(Path.GetFileNameWithoutExtension(path));
+                        result[Path.GetFileNameWithoutExtension(path)] = path;
                 }
             }
             return result;