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NPV Function in Excel: Syntax, Examples and Free Practice

By Rinkesh Shah, founder of Cellgrids.

NPV is an Excel Financial function. Calculates the net present value of a series of cash flows.

NPV syntax

=NPV(rate, value1, [value2], ...)

Arguments

When to use NPV

NPV is used in loan, investment, or valuation models where precise financial math is required.

Practice NPV online, free

Open the live Excel-style spreadsheet and try NPV yourself. No Excel install or sign-up needed to start.

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More Financial functions

Frequently asked questions

What does the NPV function do in Excel?

Calculates the net present value of a series of cash flows.

What is the syntax of NPV in Excel?

The syntax is =NPV(rate, value1, [value2], ...). rate: The interest rate per period; value1: The first value; value2: An additional value (optional).

Where can I practice NPV online for free?

Open the free live spreadsheet on Cellgrids and try NPV yourself. No Excel install is needed and you can start without signing up.

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