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XIRR (CashFlowEvents,Dates,StartGuess,Accuracy,NoOfIterations)

  • is the array of values.
  • is the date value.
  • is the starting number is close to the result of XIRR.
  • is the accuracy value.
  • is the number of iterations.
    • XIRR(), returns the internal rate of return for a schedule of cash flows that is not necessarily periodic


  • This function gives the internal rate of return for a series.
  • In this function the cash flows that occur at uniform intervals which means that is not necessarily periodic.
  • To calculate the internal rate of return for a series in a periodic time ,we can use the IRR function.
  • is the when the periodicity between cash flows is not equal.
  • function uses the iterative process to calculate the returns, so it is not possible to trial by hand.
  • So this is most powerful function in CALCI.
  • In , is an values which is the array or a reference to cells that contain numbers for which you want to calculate the internal rate of return.
  • must have atleast one positive and one negative value to find the internal rate of return.
  • Normally the first payment is optional,so the corresponding payment that occurs at the beginning of the investment.
  • Then the first payment should be negative value.
  • is the date value which is indicating the schedule of the payment.
  • Also the first payment date is the beginning of the schedule of payments.
  • And date should entered in DATE function format.
  • is the guess which is indicating the number that you guess is close to the result of .
  • is the accuracy value .
  • is the number of iterations.
  • suppose when we are omitting the value of ,by default it will consider as 10.
  • The value of can be array or reference argument contains text, logical values or empty cells, the values which are ignored.
  • The value is optional, when we are omitting the value,by default it will consider the value as 10%(0.1).
  • This function is using iterative technique, so we can't find a result after 100 iterations.
  • So the rate is changed until:
    di=the ith, or last,payment date.
    d1=the 0th payment date.
    Pi=the ith or last payment.
  • The rate of return calculated by is the interest rate corresponding to .
  • This function will give the result as error when
  1. Any date is not a valid date or not in a date function format.
  2. Any date is precedes the starting date.
  3. Also CashFlowEvents and Dates is having different number of values.


1 -25000 2/1/2012
2 5700 5/12/2012
3 4900 10/28/2012
4 13500 1/16/2013
5 10000 4/3/2013
  1. =XIRR(A1:A5,B1:B5,0,0.1)=0.43578123326
  2. =XIRR(A1:A5,B1:B5,0,0,2) = 0.43572667130
  3. =XIRR(A1:A5,B1:B5,1,5,0) =0.18336350930

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