diff --git a/content/test/data/accessibility/event/navigation-api-expected-win.txt b/content/test/data/accessibility/event/navigation-api-expected-win.txt
index df28146fa26290..abbc922bd7bc0c 100644
--- a/content/test/data/accessibility/event/navigation-api-expected-win.txt
+++ b/content/test/data/accessibility/event/navigation-api-expected-win.txt
@@ -1,4 +1,4 @@
-EVENT_OBJECT_STATECHANGE on <#document> role=ROLE_SYSTEM_DOCUMENT name="Starting title" value~=[doc-url] FOCUSED,BUSY,FOCUSABLE
+EVENT_OBJECT_STATECHANGE on <#document> role=ROLE_SYSTEM_DOCUMENT name="Starting title" value~=[doc-url] FOCUSED,FOCUSABLE
 === Start Continuation ===
 EVENT_OBJECT_HIDE on <p> role=ROLE_SYSTEM_GROUPING
 EVENT_OBJECT_REORDER on <main> role=ROLE_SYSTEM_GROUPING
diff --git a/ui/accessibility/platform/ax_platform_node_win.cc b/ui/accessibility/platform/ax_platform_node_win.cc
index 6734c334686465..2f35b803e5d57b 100644
--- a/ui/accessibility/platform/ax_platform_node_win.cc
+++ b/ui/accessibility/platform/ax_platform_node_win.cc
@@ -7094,6 +7094,10 @@ bool AXPlatformNodeWin::IsNameExposed() const {
   }
 }
 
+bool AXPlatformNodeWin::IsPlatformDocumentWithContent() const {
+  return IsPlatformDocument() && GetChildCount();
+}
+
 bool AXPlatformNodeWin::IsUIAControl() const {
   // UIA provides multiple "views": raw, content and control. We only want to
   // populate the content and control views with items that make sense to
@@ -7327,8 +7331,14 @@ int AXPlatformNodeWin::MSAAState() const {
   // Map the ax::mojom::State to MSAA state. Note that some of the states are
   // not currently handled.
 
-  if (GetBoolAttribute(ax::mojom::BoolAttribute::kBusy))
+  // TODO(accessibility): https://crbug.com/1292018
+  // Exposing the busy state on the root web area means the NVDA user will end
+  // up without a virtualBuffer until the page fully loads. So if we have
+  // content, don't expose the busy state.
+  if (GetBoolAttribute(ax::mojom::BoolAttribute::kBusy) &&
+      !IsPlatformDocumentWithContent()) {
     msaa_state |= STATE_SYSTEM_BUSY;
+  }
 
   if (HasState(ax::mojom::State::kCollapsed))
     msaa_state |= STATE_SYSTEM_COLLAPSED;
diff --git a/ui/accessibility/platform/ax_platform_node_win.h b/ui/accessibility/platform/ax_platform_node_win.h
index 4a5b964992c12e..c2ac84b19ca9b5 100644
--- a/ui/accessibility/platform/ax_platform_node_win.h
+++ b/ui/accessibility/platform/ax_platform_node_win.h
@@ -1282,6 +1282,8 @@ class AX_EXPORT __declspec(uuid("26f5641a-246d-457b-a96d-07f3fae6acf2"))
   int GetAnnotationTypeImpl() const;
   void AugmentNameWithImageAnnotationIfApplicable(std::wstring* name) const;
 
+  bool IsPlatformDocumentWithContent() const;
+
   // Get the value attribute as a Bstr, this means something different depending
   // on the type of element being queried. (e.g. kColorWell uses kColorValue).
   static BSTR GetValueAttributeAsBstr(AXPlatformNodeWin* target);